Enforcement Actions

The UK has initiated dissolution proceedings against Zedxion Exchange due to the provision of false information in its company registration. An investigation revealed that the company was closely related to Iran's Islamic Revolutionary Guard Corps and operated using fictitious identities. This dissolution represents the latest case of the UK strengthening regulatory oversight under new legislation, reflecting the country's efforts in combating sanctions evasion.

The US FBI's New York office warned blockchain users to be vigilant if they receive TRC-20 tokens claiming to be associated with the FBI, and to avoid disclosing personal information. This scam uses a fake FBI identity to pressure victims into submitting data and directs them to phishing websites in order to commit asset fraud.

Argentine lawmakers who probed the Libra incident have vowed to act against Eduardo Taiano, the prosecutor in charge of the case, after information revealed hints at a deeper relationship between President Javier Milei and Mauricio Novelli, an associate behind the token launch. Argentine

The FBI has warned that scams based on the Tron blockchain are spreading. Scammers forge police tokens to trick users into revealing sensitive information. There have been 140,000 complaints in 2024 with losses reaching 9.3 billion dollars. Authorities remind users to be cautious about requests for identity information and to strengthen their ability to identify on-chain information.

The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) released a cryptocurrency asset classification framework, designating XRP as a "digital commodity" and ending a five-year regulatory dispute. Although this news temporarily boosted XRP's price, it subsequently declined due to interest rate policies and market sentiment. The market is focused on the March 27 deadline for XRP ETF applications, which could serve as a new catalyst if approved.

The U.S. FBI recently issued a warning about counterfeit FBI TRC-20 tokens being actively airdropped to user wallets, threatening to freeze assets under the pretext of suspected AML regulation violations to lure users to phishing websites and steal personal information. This scam has escalated through legal intimidation, with crypto fraud losses reaching billions of dollars. The FBI is urging users to remain vigilant and refrain from providing any information to suspicious websites.

Sam Bankman-Fried invested $500 million in AI company Anthropic through Alameda Research in 2022, with potential returns reaching $30 billion. Despite Anthropic's valuation skyrocketing to $380 billion, SBF's investment funds were sourced from customer deposits, resulting in legal consequences for him. He is currently serving a 25-year sentence.

Kentucky's HB380 Bill adds Section 33, requiring cold wallet providers to assist users in resetting access credentials. This contradicts the design principles of non-custodial cold wallets, which should not allow third parties to access private keys. This requirement could undermine cold wallet security and force users toward centralized institutions, creating a conflict that contradicts the already-enacted HB701 bill. Additionally, U.S. states are further tightening regulations on cryptocurrency ATMs.

The Korean National Police Agency is developing new digital asset seizure guidelines that for the first time incorporate management of privacy coins and software wallets, aiming to improve the digital asset management system. The new guidelines are designed to enhance professional management of privacy coins and address recent asset custody vulnerabilities. According to reports, the total value of digital assets seized over the past five years reaches approximately 54.5 billion Korean won. The police department plans to select private custodian institutions in the first half of 2026 and establish a more comprehensive digital asset security governance framework.

The U.S. Department of Justice announced that former Los Angeles Deputy Sheriff Michael David Coberg was sentenced to 63 months in prison and ordered to pay $127,000 in restitution for assisting cryptocurrency fraudster Adam Iza in extortion and false arrest schemes. Coberg, who was employed by the LASD, participated in extorting victims and making false arrests, abusing his authority for personal gain.

South Korean police arrested 19 members of a fraud ring suspected of money laundering and seized approximately 6 billion won in criminal proceeds. The gang used an unregistered virtual asset exchange to convert fraud cash into USDT and transfer it overseas, with money laundering amounts reaching hundreds of billions of won.

The US FBI has issued a warning about counterfeit FBI tokens appearing on the TRON network, reminding users to protect their personal information. These scams operate using the TRC-20 token standard, attempting to trick users into disclosing sensitive information through threats of asset freezing.

In brief The FBI said users on Tron are receiving tokens that claim to be from federal law enforcement. The tokens urge recipients to immediately provide personal information or risk sanctions and asset freezes. Although the FBI said it didn’t create the token, agents have used fake token

Gate News, on March 19, a cryptocurrency address holding 13,215,713 USDT (approximately $13.2165 million) was frozen. The specific reason for this large-scale fund freeze has not been disclosed, and this incident has once again drawn market attention to cryptocurrency asset security and regulatory actions.

A North Carolina resident, Michael Smith, has formally pleaded guilty in a streaming royalty fraud case. He used AI technology to generate songs in bulk and created fake plays through bot accounts to fraudulently obtain over $8.09 million in royalties. He will face sentencing in 2026.

Seoul police uncovered a money laundering case involving an unregistered virtual asset exchange, arresting 19 members with suspected proceeds totaling hundreds of billions of won. The group converted cash obtained from telecommunications fraud into Tether (USDT) and transferred it overseas. Police seized approximately 6 billion won in assets.

Lawmakers and regulators are making progress on crypto policy, with a stablecoin yield proposal anticipated soon. The SEC and CFTC classified most crypto assets as non-securities, designating several as digital commodities.

The Algorand Foundation has reduced its workforce by 25% amid market uncertainty, even as the SEC clarified ALGO’s status as a digital commodity. The move reflects a strategic reset rather than a retreat from long-term growth. Layoffs Hit Algorand as Market Pressures Collide With Regulatory

Los Angeles rideshare driver Bruce Choi has been arrested on suspicion of defrauding $2 million in pandemic relief loans and using the funds to purchase cryptocurrency. Choi fabricated companies to apply for loans, and prosecutors have charged him with wire fraud and money laundering. If convicted, he faces serious penalties.

Kalshi Faces Arizona Criminal Gambling Charges, Monthly Revenue Exceeds $110 Million. Despite the company arguing that its contracts are federally regulated, the state contends that these contracts resemble traditional gambling. Legal battles are unfolding in multiple states, regulatory uncertainty is intensifying, while the CFTC is considering new regulations.