Enforcement Actions

Aave announced June 1 that it has restored full liquidity to its lending pools following a $300 million cross-chain exploit that threatened the protocol's cash reserves. The decentralized finance protocol mobilized a $300 million industrywide rescue fund and secured an emergency federal court

According to Aave's June 1 post-mortem, the protocol restored full liquidity to its lending pools following a $300 million cross-chain exploit that threatened its cash reserves. An attacker had exploited a third-party bridge operated by Kelp and Layerzero in mid-April, minting 116,500 counterfeit

According to the UK Financial Conduct Authority (FCA), the regulator has sent letters to Premier League clubs and other football organizations, warning that sponsorship deals with unauthorized crypto companies may violate UK financial services law and pose risks to fans. The FCA stated that

The Department of Justice and the Commodity Futures Trading Commission have opened investigations into trades that pardoned former congressman George Santos allegedly placed on prediction market Kalshi, according to NPR. Santos allegedly wagered he would skip President Donald Trump's State of the

The UK's Financial Conduct Authority has sent warning letters to Premier League football clubs regarding sponsorship deals with unauthorized cryptocurrency businesses and trading platforms. The regulator stated these firms may be breaching UK financial services laws by operating without proper autho

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) officially designated Nobitex, Iran's largest cryptocurrency exchange, alongside three other domestic platforms, according to federal authorities. Dubbed "Operation Economic Fury," the action targets infrastructure the

According to ChainCatcher citing Shandong Legal Daily, a court in Qingdao, China sentenced a man surnamed Zhang to 10 years and 9 months in prison for stealing 107 Bitcoin from a victim in 2024. The defendant obtained the victim's wallet recovery phrase while assisting with wallet setup, then

The U.S. Treasury Department sanctioned Nobitex, Iran's largest cryptocurrency exchange, and three other Iran-based digital asset platforms. According to the Treasury Department's Office of Foreign Assets Control (OFAC), Nobitex processed more than 50% of Iran's digital asset inflows in 2025 and

According to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC), the United States sanctioned Nobitex, Iran's largest cryptocurrency exchange, along with three other Iranian digital asset trading platforms: Wallex, Bitpin, and Ramzinex. OFAC stated

According to Treasury Secretary Scott Bessent, the US Treasury issued sanctions on Iran targeting four cryptocurrency exchanges on Jun 3. The action follows Treasury's disclosure four days earlier that the US had seized nearly $1 billion in crypto from Iranian exchanges and wallets since late

Galaxy Research analyst Alex Thorn confirmed on X that a Bitcoin address dormant since March 27, 2011 transferred 35.55 BTC (about $2.54 million) on June 2 at block height 952104. The address had previously been listed as a defendant in a New York abandoned property lawsuit. Noah Doe Lawsuit Core Claims: A Legal Loophole in the “Below $10 Valuation” Strategy Key parameters of the case: Case number: 153119/2026, filed March 11, 2026 Target addresses: 39,069 dormant Bitcoin addresses Claimed holdi

CFTC Chair Michael Selig said on June 2 during an interview on CNBC’s “Squawk Box” that the CFTC’s enforcement action against the Gemini exchange earlier was part of the Biden administration’s “weaponization of federal agencies.” This is the first time the CFTC has commented publicly on this case since last week, when it filed a request with a New York federal judge to lift a January 2025 injunction. CFTC’s request to lift the January 2025 injunction: confirming the terms Last week, the CFTC ask

According to Zama, a court lifted a $12.5 million USDC freeze on June 2, unrelated to the privacy protocol's operations. Zama said it will accelerate compliance measures in response to the court's decision.

On June 2, the CFTC chair sought to roll back an enforcement action and settlement against Gemini, claiming the case was politically motivated. Gemini was founded by Cameron and Tyler Winklevoss, who are donors to Donald Trump's 2024 campaign and attendees at White House

Bitcoin (BTC) sees a cascading sell-off, with a temporary quote of around $66,878 as of June 3. The U.S. Securities and Exchange Commission (SEC) released a draft strategy plan: to provide a regulatory foundation for digital assets, clearly defining the division of authority with the Commodity Futures Trading Commission (CFTC). A UK House of Lords committee urges the country’s central bank to reconsider proposed restrictions on stablecoin holdings. Macro Events & Crypto Market Hotspots The U.S.

On May 13, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on Iran’s largest cryptocurrency exchange, Nobitex, as well as the Iranian trading platforms Wallex, Bitpin, and Ramzinex, adding the four entities to the Specially Designated Nationals (SDN) List. OFAC accused Nobitex of handling more than 50% of Iran’s digital-asset inflows in 2025. Sanction Targets: OFAC Accusations Against Four Exchanges and Four Individuals Institutional level (per an

According to IOL, South Africa's Gauteng High Court ruled that Bitcoin constitutes "capital" and "currency" under the country's foreign exchange control regime. The court ordered the confiscation of approximately 6 million South African rand in Bitcoin assets from a trader who transferred

According to Foresight News, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned Iran's largest digital asset exchange Nobitex, three other Iranian digital asset exchanges, and related officials including Nobitex chairman Amir Hossein Rad and other company

According to NPR, the U.S. Department of Justice is investigating former U.S. Congressman George Santos for insider trading on prediction market Kalshi. Santos reportedly placed bets that he would not attend Trump's State of the Union address in February before announcing he would attend,

According to the U.S. Treasury Department's Office of Foreign Assets Control, Nobitex and three other Iranian crypto exchanges—Wallex, Bitpin, and Ramzinex—have been designated as sanctions targets. The Treasury cited Nobitex's role in processing more than 50% of Iranian digital asset inflows in 202