Enforcement Actions

According to on-chain analytics platform Lookonchain, the SpaceXAI and Starlink accounts on X were compromised by attackers who used them to promote a fraudulent meme coin called SCATMAN. The attacker minted 10 trillion SCATMAN tokens and sold them across two wallets for a combined total of

According to Bitcoin.com, Cape Town authorities and the Metropolitan Police conducted a recent overnight operation seizing multiple luxury vehicles with forged or unregistered license plates, whose drivers claimed to be cryptocurrency and forex traders. Among the confiscated vehicles was a

The FBI's Louisville field office reported a rise in government impersonation scams targeting Kentucky residents, according to the Federal Bureau of Investigation. Scammers posing as police or government officials pressure victims into sending cryptocurrency payments to avoid fabricated legal

According to MPost, on July 13, Bank of Thailand (BOT) and Thailand's Securities and Exchange Commission (SEC) are reviewing high-value Tether (USDT) and other stablecoin transactions as part of expanded anti-money laundering oversight. Regulators are examining whether stablecoins are being used to

Cape Town Mayor Geordin Hill-Lewis joined metro police in a night operation to impound luxury vehicles with fake registrations linked to fraudulent cryptocurrency operations. Authorities targeted self-proclaimed crypto and foreign exchange traders accused of using high-end cars as physical status

According to Hürriyet Daily News, Turkish prosecutors indicted a massive money-laundering network involving 504 suspects linked to a scheme in the Grand Bazaar, with illicit proceeds totaling approximately 400 billion Turkish lira (around $850 million). The defendants are accused of using shell

According to Odaily, Cape Town authorities recently conducted a night operation targeting individuals posing as cryptocurrency and forex traders. Police seized a silver Mercedes-AMG GLE valued at $153,000 that was falsely registered as a white

China’s Procuratorial Daily published an article titled “Systematically Cracking Down on the Legal Regulatory Dilemmas of Using Virtual Currencies to Launder Money,” noting that current judicial practice faces three layered systemic dilemmas when combating virtual currency money laundering crimes: first, dilemmas in the legal characterization of conduct; second, dilemmas in evidence collection; and third, dilemmas in tracing and recovering losses. The article proposes systematic response plans t

According to Cointelegraph, Thailand's central bank is reviewing high-value stablecoin transactions, including USDT, in collaboration with the Securities and Exchange Commission to combat money laundering, illegal financing, and suspicious capital flows. The review targets large cash transactions an

The Bank of Thailand is implementing new compliance checks on stablecoin transactions and gold bullion purchases to combat the country's shadow economy. Governor Vitai Ratanakorn declared that the bank established a system to flag USDT transactions and scrutinize large cash withdrawals, with

Armenian citizen Karen Serobovich Vardanyan pleaded guilty on July 8 in a federal court in Oregon, United States, to conspiracy and computer fraud. He admitted involvement in helping carry out Ryuk ransomware attacks, for which he received about 1,610 bitcoins, with a value at the time of payment of more than $15 million. Together, the two charges carry a maximum prison term of 15 years; the sentencing date is set for September 22. How Ryuk ransomware attacks work: Infiltrate corporate networks,

According to the Procuratorate Daily, the Xiangtan City Yuhu District People's Procuratorate and researchers from Xiangtan University's law school recently released a joint paper addressing systemic solutions to three critical challenges in regulating cryptocurrency laundering under criminal law.

Ripple CEO Brad Garlinghouse revealed that the company considered shutting down after the U.S. Securities and Exchange Commission filed a lawsuit against Ripple in 2020 over XRP sales. The decision emerged as one of the most difficult moments of his leadership, with the company weighing whether

According to CEO Brad Garlinghouse in a July 8 podcast interview at the University of Kansas School of Business, Ripple considered shutting down and distributing its XRP holdings to shareholders after the SEC filed a lawsuit against the company in 2020 over XRP sales. "We almost decided to shut down

Bitcoin (BTC) experiences volatile short-term fluctuations, temporarily around $63,780 as of July 13. The Bank of Thailand requires that individual cash deposits exceeding 5 million baht must prove their source of funds and has strengthened monitoring of stablecoin trading. Pakistan’s crypto-asset regulatory authority met with scholars who issued a decree banning digital assets, and believes that stablecoins, tokenized assets, and unsecured tokens should be evaluated separately. Macro Events & C

Ripple CEO Brad Garlinghouse revealed in a speech at the University of Kansas School of Business in July that after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit in 2020, he and co-founder Chris Larsen seriously considered shutting down Ripple and distributing the XRP held by the company to shareholders on a pro-rata basis. SEC met four times without being told XRP was a security; legal fees totaled $150 million According to Garlinghouse’s remarks, the SEC sued Ripple startin

According to Caixin, Qian Zhimin's 60,000 Bitcoin case completed a three-day hearing from July 7-9, 2026. The case will shift focus to evidence examination and fund tracing (evidence and tracing phase), with substantive proceedings expected to begin after October this year. The court will examine