Enforcement Actions

Ripple backed a new US Securities and Exchange Commission cryptocurrency regulation proposal on October 20, with Chief Legal Officer Stuart Alderoty disclosing that the company spent more than $150 million in legal costs during its years-long XRP dispute. The comment letter supported the SEC's propo

According to Ripple Chief Legal Officer Stuart Alderoty, on October 20, the company submitted a comment letter supporting the SEC's proposed Regulation Crypto Assets while requesting modifications to how digital tokens and investment contracts are classified under federal securities law. Alderoty re

According to its official statement, the Czech National Bank has warned that unlicensed cryptocurrency providers continue to operate despite regulatory restrictions. Only licensed entities are permitted to offer crypto services; however, unauthorized offerings remain prevalent in the market. The

According to Bloomberg, Italian authorities arrested 30 people on October 21 for operating a mafia-linked underground bank network that transferred approximately 68 million euros abroad using cryptocurrency for money laundering. The investigation extended to Spain and Switzerland, where local author

According to Reuters, President Trump announced measures to combat overseas cryptocurrency fraud networks during a White House cybercrime prevention event on October 21. The initiative aims to disrupt fraudulent crypto investment schemes targeting American citizens and counter impersonation scams. O

According to Caixin, four days after the UK High Court ruled on October 12 that Chinese law applies to a dispute over 60,000 Bitcoin in the Qian Zhimin case, the court approved an appeal by approximately 16,000 Chinese victims challenging this ruling. Lawyers for both sides also discussed

According to blockchain researcher ZachXBT on October 20, 2026, over 87% of incoming transaction volume to FreedomXMR on Hyperliquid is linked to suspected illicit activity, with more than $20 million in deposits traced to ransomware payments, hacks and malware. FreedomXMR, which began operating on

According to Salus, on October 21, the Drift Protocol attacker transferred 4,600 ETH to Tornado Cash in 46 transactions worth approximately $11.23 million. The previously dormant wallet had not recorded outflows for about 202 days prior to the transfer. Two tracked wallets have cumulatively

According to on-chain investigator ZachXBT, a cryptocurrency institution was drained of approximately $2.84 million by the North Korea-linked group SquidSquad on October 8 on the BNB Smart Chain (BSC). On October 20, the attackers deposited 1,111.2 ETH into Tornado Cash, withdrew to three

According to Haseeb Qureshi's recent statement, reports claiming Polymarket founder Shayne Coplan misappropriated company funds are 'completely false.' Haseeb noted that Shayne went unpaid during the startup's early phase and that his disclosed expenses, when annualized, equaled a software

Information obtained by the UK's Daily Mail through a Freedom of Information request to the Crown Prosecution Service (CPS) shows that Hok Seng Ling, an aide to the “Bitcoin Queen” Qian Zhimin, has paid the full forfeiture amount of £5,603,305 ordered by the court, plus £1,990 in interest; most of the payment came from the cryptocurrency seized when Ling was arrested. Ling was sentenced to 4 years and 11 months in prison at Southwark Crown Court for money laundering. Hok Seng Ling Case Details:

According to the Supreme People's Procuratorate, on June 15, certain cryptocurrency perpetual contract platforms should be classified as illegal gambling operations and prosecuted under charges of opening casinos. The SPP's theoretical article stated that platforms without external real market

According to The Daily Mail on October 21, Hok Seng Ling, 48, who assisted Qian Zhimin in laundering proceeds from a 5.5-billion-pound fraud scheme, has surrendered 5.6 million pounds to the UK government. A court ordered Ling to forfeit the funds after he pleaded guilty to money laundering

A recent Reuters/Ipsos poll conducted from September 30 to October 5 shows that 69% of Democratic supporters and 61% of Republican supporters oppose betting on election outcomes through prediction markets, with opposition exceeding 60% among supporters of both parties. Meanwhile, 75% of American adults believe that betting on real-world events is essentially gambling, while only 8% hold the opposite view. Reuters Poll Methodology: 4,506 Adults, Margin of Error ±2 Percentage Points The survey was