Enforcement Actions

South Korea's Financial Services Commission (FSC) and Financial Supervisory Service (FSS) announced on the 16th enhanced monitoring of offshore platforms trading perpetual futures linked to Korean stocks and indices. The regulatory action targets products offering leverage ratios from 10x to 200x,

According to South Korea's Financial Services Commission and Financial Supervisory Service, on October 16, the regulator issued a warning on perpetual futures products traded on offshore cryptocurrency platforms, citing extreme risk levels. Offshore platforms currently offer up to 200x leverage on p

According to ChainCatcher and official statement, Solana Accelerate China postponed its scheduled morning event in Shanghai on October 16 due to logistics considerations at the venue. According to attendees on-site, enforcement officers were present at the Shangri-La Shanghai hotel venue, and

According to a report by The Wall Street Journal on October 15, Bo Hines, Trump’s former White House Crypto adviser, actively promoted the GENIUS Stablecoin bill during his tenure at the White House, while Nxum, the investment firm he co-founded, simultaneously received $6.3 million in payments from Stablecoin issuer Tether. The first payment was deposited while he was still working at the White House, and Hines retained a one-third stake in Nxum throughout his tenure. Signal Group and Legislati

According to Bloomberg, U.S. federal judge Alvin Hellerstein rejected the CFTC and Gemini's joint request today (October 16) to vacate a $5 million settlement agreement. The settlement stemmed from an enforcement action during the Biden administration in January 2025, which required Gemini to pay th

According to ChainCatcher, Sharjah Police in the United Arab Emirates, in collaboration with the Ministry of Interior, successfully dismantled four interconnected transnational criminal networks under Operation "End of Battle." The action resulted in the arrest of 33 suspects from 12

The Central Board of Direct Taxes (CBDT) issued over 44,000 communications to taxpayers involved in trading or investing in virtual digital assets (VDA) who failed to report those activities on their Income Tax Returns, identifying approximately Rs 888.82 crore, roughly $104 million, in

U.S. District Judge Alvin Hellerstein in New York denied a joint request by Gemini and the Commodity Futures Trading Commission to vacate a sanctions settlement on October 15, according to Bloomberg. The judge cited Gemini's voluntary entry into the settlement three weeks before trial in

According to U.S. District Judge Alvin Hellerstein, the court rejected a joint application filed by Gemini and the U.S. Commodity Futures Trading Commission (CFTC) to withdraw a $5 million settlement agreement reached in January 2025. The judge ruled that Gemini and the CFTC's arguments were

According to Wall Street Journal investigation, Bo Hines, former White House crypto adviser, held a one-third stake in consulting firm Nxum that received approximately $6.3 million through a Tether-linked arrangement while he was serving as executive director of the White House digital-assets

According to Crypto Briefing, the UK High Court ruled on October 12, 2026 that claims to more than 61,000 BTC, valued at approximately $5 billion, are governed by Chinese law rather than English law. The ruling affects roughly 16,000 fraud victims seeking recovery. Under Chinese legal standards, cla

According to Chainalysis, on October 16, a scammer who was also a victim in the Ledger hardware wallet theft lost over 60 BTC worth approximately $4.8 million. The funds originated from a task fraud scheme in which participants were hired to fabricate sales and reviews for products, then pressured t

According to Ledger's official statement yesterday (October 16), a highly organized criminal group spent millions of dollars purchasing authentic Ledger devices, disassembling them, and installing custom hidden components designed to steal recovery phrases during device initialization. The gang then

According to the Wall Street Journal, Nxum, a consulting firm partially owned by Bo Hines, received $6.3 million cumulatively through Tether-related partnerships while Hines served as executive director of the White House Crypto Council. Hines previously advocated for extending the GENIUS Act's

The FBI and Brooklyn District Attorney's Virtual Currency Unit dismantled a cryptocurrency scam network targeting Russian-speaking individuals in the US on October 14. The operation, described as one of the largest cyber disruptions undertaken by a local prosecutor's office, resulted in the