Enforcement Actions

South Korea's Financial Intelligence Unit (FIU) announced on January 21 that it will strengthen cooperation with the Broadcasting Media Communications Review Committee to block access to illegal overseas virtual asset operators. The FIU issued the statement in response to criticism from Asia

South Korea's Financial Intelligence Unit (FIU) announced on July 21 that it will strengthen cooperation with the Broadcasting Communications Deliberation Committee to block access to illegal overseas cryptocurrency platforms, according to an official statement released today. The FIU stated it wil

Polymarket has referred more than 90 cryptocurrency wallets to law enforcement as scrutiny over potential insider trading on its prediction markets continues to grow. The move comes after several high profile betting events raised questions about whether traders used confidential or nonpublic

The Shilin District Court on July 20 sentenced a fraud leader identified by surname Shih to 22 years in prison for orchestrating the Cointhink Technology cryptocurrency scam that defrauded 1,539 investors of more than $37.14 million (NT$1.2 billion). Prosecutors determined the fraud ring

According to Shilin District Court, on July 20, the mastermind of Cointhink Technology, identified by surname Shih, received a 22-year prison sentence for leading a cryptocurrency fraud ring that defrauded over 1,539 investors. The syndicate laundered $71.3 million through Tether's USDT by falsely a

The FBI's Internet Crime Complaint Center reported Americans lost more than $11.366 billion to cryptocurrency-related scams in 2025, logging 181,565 complaints in its IC3 2025 Annual Report released on April 6, 2026. Crypto losses represented over half of the $20.877 billion in total internet

According to the FBI's Internet Crime Complaint Center, Americans reported losses totaling $11.366 billion to crypto scams in 2025, spanning 181,565 complaints and accounting for more than half of all internet-crime losses tracked that year. Kiosk-related fraud alone drove $389 million in losses

Vietnam's government issued a decree establishing administrative penalties for crypto asset violations, signed July 16, 2026, by Deputy Prime Minister Nguyen Van Thang, as authorities move to strengthen regulatory oversight of the country's digital asset market. Under Decree No. 284/2026/ND-CP,

According to Decree No. 284/2026 signed by Vietnam's Deputy Prime Minister Nguyen Van Thang on July 16, 2026, investors using crypto exchanges or service providers not licensed by the Ministry of Finance risk fines of VND 30 million to VND 50 million ($1,140-$1,900). Domestic investors trading crypt

Judge John McHale of King County Superior Court in Washington granted a preliminary injunction against prediction market platform Kalshi on Monday, ruling that the company operates illegal gambling activities under state law. The court determined that Kalshi offers illegal gambling to Washington

According to a court filing on Monday, Judge John McHale of King County Superior Court in Washington granted the state's motion for a preliminary injunction against Kalshi, blocking the prediction market platform from offering sports-related event contracts. The judge ruled that Kalshi "offers

Seoul Southern District Court postponed the sentencing in the 250 billion won Delio crypto fraud case beyond July during a court session held on the 21st, with the next hearing scheduled for July 27 at 2 PM. The

On July 21, Seoul Southern District Court rebuked Delio and its legal representatives for attempting to delay proceedings in the 250 billion won cryptocurrency deposit service fraud case, according to court filings. The court rejected defense arguments that attorneys needed additional time to

FTX’s bankruptcy management team released an announcement stating that it plans to begin the fifth round of repayments at the end of July 2026, distributing about $900 million to creditors. Since officially starting the repayment process in 2025, FTX has cumulatively transferred nearly $10 billion to creditors and other claimants (this year’s March fourth round distributed $2.2 billion). FTX Repayment Timeline: Cumulative Nearly $10 Billion According to the FTX bankruptcy management team announc

The U.S. Federal Trade Commission (FTC) completed its enforcement action against Celsius co-founders on July 21: a judge ordered former Chief Technology Officer Hanoch Goldstein to pay $2.014 million; former Chief Strategy Officer Shlomi Daniel Leon to pay $4.1 million; together, the two totaled more than $6 million. The FTC also imposed industry bans prohibiting marketing or sales. Fines and Industry Bans Ordered for Leon and Goldstein According to an FTC statement and a court order, the enforc

According to FTC orders signed on Monday and June 29, Celsius co-founders Shlomi Daniel Leon and Hanoch Goldstein are required to pay over $6 million combined to settle charges that they misled customers about the platform's safety before its 2022 collapse. Leon, former chief strategy officer,

The Securities and Exchange Commission filed partially settled charges against Florida resident Zan Shaikh and his company Mining Automatic for allegedly defrauding investors in a crypto mining scheme. According to a Monday statement, the SEC accuses Shaikh and Mining Automatic of raising

According to the Securities and Exchange Commission, on Monday (July 20), the agency filed partially settled charges against Zan Shaikh and his company Mining Automatic for defrauding more than 380 investors in a fraudulent crypto asset mining scheme totaling approximately $22 million. The SEC

According to The Block, on July 21, a Washington state judge issued a preliminary injunction against prediction market platform Kalshi, ruling it constitutes illegal gambling under state law. Kalshi responded that states

Vietnam’s Deputy Prime Minister Nguyen Van Thang signed Decree No. 284/2026/ND-CP on July 16, establishing administrative penalties for illegal crypto-asset activities. The decree takes effect on Sept. 1 and applies during Vietnam’s five-year cryptocurrency market pilot program. Individual investors who use platforms not licensed by the Ministry of Finance will face fines of 30 million to 50 million Vietnamese dong (about $1,140 to $1,900). Full Fine Structure Under Vietnam’s Decree No. 284/2026