Enforcement Actions

According to Odaily, the unlicensed Dubai-based crypto trading platform Shelbit has been implicated in a $4 billion Iranian sanctions evasion network. Shelbit, operated by Iranian expatriate Siavash Kayvanpour, is alleged to have processed hundreds of millions of dollars in cryptocurrency funds

U.S. authorities filed a civil forfeiture action seeking to recover 2,117,677.97 USDT held in an Ethereum wallet, alleging the cryptocurrency represents proceeds of wire fraud and money laundering linked to an international pig butchering investment scam. Prosecutors claim the fraud targeted

According to the U.S. Department of Justice, the government filed a civil forfeiture action seeking to recover 2,117,677.97 USDT held in an Ethereum wallet, alleging the assets represent proceeds from an international "pig butchering" investment fraud scheme. Prosecutors say criminals used fake

Texans lost $56.8 million to cryptocurrency kiosks in 2025, more than any other state, according to FBI figures presented to a legislative committee. The state accounted for 1,179 of the 13,460 complaints logged nationally last year, during which reported losses to the machines rose 58% to $389 mill

According to FBI figures presented to a Texas legislative committee on Thursday, Texans lost $56.8 million to cryptocurrency kiosk scams in 2025, more than any other state across 1,179 complaints. Nationally, reported losses from crypto kiosks rose 58% to $389 million from 13,460

According to New York State's Attorney General Office, the state has sued KalshiEX (Kalshi) today for operating an unlicensed gambling platform through its prediction market. The lawsuit seeks a court order to halt Kalshi's operations as an unlicensed gambling enterprise, require the company to

New York Attorney General Letitia James filed a petition on Friday seeking at least $36 billion in damages from Kalshi, a prediction market platform, and asking a state court to shut it down and strip it of three times its earnings. The suit treats Kalshi as an unlicensed gambling business across

AFX, a decentralized derivatives protocol, will release a goodwill recovery plan on August 3 for users affected by a $24.15 million USDC exploit that occurred on July 22 at 9:27 p.m. UTC. The attack originated from a social engineering campaign starting July 9, in which a threat actor posing as a re

New York Attorney General Letitia James filed a lawsuit on Friday against prediction market platform Kalshi, alleging the company operates an illegal gambling operation in the state without obtaining a license from the New York State Gaming Commission. The lawsuit seeks a court order to block Kalshi

According to New York Attorney General Letitia James' office, on Friday the state filed a lawsuit against prediction market platform Kalshi seeking at least $36 billion in compensatory damages. The lawsuit alleges that Kalshi enables users to wager on sports, culture, and elections without

According to Seoul Metropolitan Police Agency, three suspects were arrested Thursday for operating a fraudulent XRP staking platform that defrauded 71 investors of approximately $19 million. The scheme, which began in October last year, used a fake FXRP network website promising monthly returns of 1

According to The Block, New York State Attorney General has sued Kalshi, accusing the company of operating an illegal gambling operation through its prediction market platform and seeking at least $36 billion in

According to WEMIX official statement, the protocol was exploited on July 26, when attackers leveraged a vulnerability in publicly disclosed on-chain smart contracts to execute nine consecutive flash loan and swap transactions. The attack illegally minted 5,225,524.9997 WEMIX$ tokens without

According to BlockBeats, Chinese police in Zhanjiang and Leizhou dismantled a cryptocurrency "running point" money laundering ring on July 24, with 16 members detained for alleged involvement in laundering telecommunications fraud proceeds. Led by couple He and Zhang since late 2025, the ring

According to The Defiant, Ready self-custody wallet discontinued its crypto credit card service on Wednesday after card issuer Kulipa suddenly shut down. Co-founder Itamar Lesuisse stated on X that the team received no advance notice. Qualifying card subscriptions will receive automatic refunds,

According to Cointelegraph, U.S. Senate Minority Leader Chuck Schumer proposed the Anti-Corruption Bureau Creation Act on July 31, citing Trump's disclosure of over $2 billion in 2025 investment gains, with $1.4 billion related to crypto assets. The proposed agency would consolidate enforcement

The U.S. Internal Revenue Service Criminal Investigation (IRS Criminal Investigation) issued a warning on July 31 via Bloomberg, saying scammers are impersonating the IRS by mailing crypto asset holders forged official letters containing QR codes. The letters instruct recipients to scan the QR code, log in to a fake IRS website, and register an entry called the “Digital Asset Compliance Portal” before the deadline while entering personal information; the IRS stated that this portal does not exis