Enforcement Actions

According to ChainCatcher, the UK imposed sanctions on Cryptomus, Heleket, and TokenSpot on October 8 in action against entities allegedly evading sanctions. TokenSpot transferred over $950 million to sanctioned exchanges Grinex and Garantex, as well as the Kremlin-backed A7

Revolut will cover the cost of replacing identity documents for customers affected by a data exposure that sent information belonging to 680 clients to hackers posing as Italian authorities. Béatrice Cossa-Dumurgier, Revolut's CEO for Western Europe, said the company has been assisting affected cust

According to the U.S. Attorney for the Southern District of New York, Jonathan Spalletta was convicted on October 7 of computer fraud and money laundering over two 2021 hacks of decentralized exchange Uranium Finance that stole over $50 million. The 36-year-old from Rockville, Maryland faces up to 1

South Korea's Financial Services Commission will examine whether financial institutions were involved in the KOK Coin scandal, which caused about $1.88 billion in losses. FSC Chairman Kim Byoung-hwan made the remarks during a parliamentary audit by the National Assembly's Political Affairs

According to The Block, on Oct 8, Kishu Inu founder Alexander Sisemore was charged with three counts of wire fraud related to a $9 million rug pull scheme. Prosecutors allege that Sisemore made false representations to investors while secretly dumping tokens that were allocated to him at the

South Korean lawmaker Min Byung-deok criticized the exclusion of Lucent Block from tokenized securities exchange licensing during the National Assembly Political Affairs Committee's parliamentary audit on Oct. 8. Min stated that Lucent Block operated for four years in South Korea's financial

Kyrgyzstan has officially shut down USDKG, a state-backed gold stablecoin project valued at $50 million, and ordered the liquidation of its issuer EVA and the country's first state-owned crypto exchange Coin Nomad. The closure follows UK sanctions imposed on EVA in May 2026, which alleged the

According to WuBlockchain, Kyrgyzstan has ordered the liquidation of EVA, the issuer of its state-backed USDKG stablecoin worth $50 million, and has also shut down Coin Nomad, the country's first state-owned crypto exchange. The closure follows UK sanctions imposed on EVA in May 2026 over alleged su

According to CFTC Chair Mike Selig speaking on Fox Business Network on October 7, new cryptocurrency regulations will prevent another FTX-style collapse by allowing exchanges to register with the regulator and ensuring strict fund segregation. Selig noted that four years ago Sam Bankman-Fried's FTX

According to Moving Payment News, Hong Kong's acting secretary for financial services and the treasury, Edison Chan, stated that the city will take appropriate enforcement action under the relevant statutory regulatory framework against payment platforms that operate as fintech companies without

According to The Business Times, a Singapore court froze approximately SGD 53 million in assets belonging to Hong Qi Yu, the former CEO and founder of now-defunct crypto exchange Tokenize Xchange, and his ex-wife Erin Koo on September 28. The frozen amount represents the total damages claimed

According to ChainCatcher, Coinbase has filed a brief with the U.S. Second Circuit Court of Appeals seeking confirmation that the Commodity Futures Trading Commission (CFTC) holds exclusive regulatory authority over prediction markets. Coinbase legal team member Molly Abraham stated that the core di

According to Bloomberg, cybersecurity consultant Jonathan Spalletta was found guilty by a New York jury of orchestrating two attacks on Uranium Finance in 2021 that siphoned approximately $55 million, leading to the platform's closure. Spalletta faces up to 20 years in prison on money laundering

According to Bits media, Kyrgyzstan's government on October 8 decided to terminate the operations of its state-backed stablecoin Gold Dollar (USDKG) and ordered the finance ministry to liquidate its issuer EVA and the nation's first state-owned crypto exchange, Coin Nomad Exchange. The stablecoin, l

According to ChainCatcher, on October 7, Hong Kong's government responded to questions on regulating emerging payment platforms raised by lawmaker Chen Zhen-ying. The Hong Kong Monetary Authority (HKMA) received 16 complaints between January 2024 and September 2026 alleging unlicensed issuance or

Dunamu, the operator of Upbit, warned users on October 8 to beware of a scam in which fraudsters request to borrow accounts or API keys under the pretense of checking market data. The company said it recently found numerous social media posts seeking to rent or buy accounts or read-only API keys

Kim, former chairman of the Medium Foundation, has been on trial for nearly two years without a first-instance verdict in the KOK Coin fraud case, according to the virtual asset industry on the 8th. KOK Coin associates are accused of defrauding investors of trillions of won through a pyramid

According to South Korean police data cited by National Assembly lawmakers, the KOK Coin multilevel fraud case has remained unresolved after nearly two years of trial as of October 8. The case involves Medium Foundation's former chairman Kim and six associates accused of deceiving 570,000+ victims a

EQIBank, a Dominica-regulated bank used by Tether, had approximately 80% of its assets frozen as part of a seizure targeting payment processor Capstone Limited, according to Financial Times reporting. The seizure stems from a forfeiture complaint filed in July alleging that Capstone misrepresented t

According to Financial Times reporting based on government forfeiture complaints, EQIBank had approximately 80% of its monetary assets, around $84 million, frozen as part of a seizure targeting Capstone Limited. Capstone allegedly misrepresented its business nature to U.S. banks including Wells