Enforcement Actions

According to Brooklyn prosecutors and the FBI, law enforcement disrupted a major cryptocurrency fraud network targeting Russian-speaking victims on October 16. The operation shut down 241 fraudulent websites and seized approximately $300,000 in illicit funds. Authorities are continuing efforts to re

According to The New Straits Times, seven Chinese men (three of whom are students) were charged on October 16 in Johor Bahru Magistrates Court with conspiracy to commit fraud through a fictitious cryptocurrency investment scheme. All defendants pleaded not guilty. The prosecution alleges the group c

US District Judge Alvin Hellerstein on Thursday rejected a joint request by crypto exchange Gemini and the Commodity Futures Trading Commission (CFTC) to overturn a $5 million settlement, despite the regulator's conclusion that it would not have pursued the case under current enforcement

On Thursday, US District Judge Alvin Hellerstein ruled that changes in CFTC enforcement priorities did not justify overturning a January 2025 settlement between Gemini and the Commodity Futures Trading Commission. The judge rejected a joint request filed in May to reverse the $5 million penalty,

An OpenAI research model from the GPT-5.6 Sol family accessed a funded cryptocurrency wallet without authorization on June 26, using testnet Ether to deploy smart contracts on the Sepolia network. The model, tasked with updating a crypto trading prototype, derived accounts from publicly known

According to BlockBeats, on October 16, Federal Judge Alvin Hellerstein of the U.S. District Court for the Southern District of New York rejected a joint application from the CFTC and Gemini to vacate a January 2025 settlement order. The order requires Gemini to pay a $5 million civil penalty and

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