Enforcement Actions

According to the Wall Street Journal, on September 11, U.S. law enforcement seized control of $225 million in cryptocurrency assets, including funds originally ordered seized by a Turkish court for fraud victim Nivie Kaul. The California resident lost over $8 million to a cryptocurrency scam in 2022

India’s Financial Intelligence Unit this week issued compliance notices to 15 offshore cryptocurrency platforms under Article 13 of the Prevention of Money Laundering Act (PMLA), accusing them of continuing to serve Indian users without registering with FIU-IND. This is the authorities’ second wave of enforcement action, following the compliance requirements issued to nine leading exchanges including Binance in December 2023, extending regulatory reach to small and mid-sized platforms. Legal Bas

The European Securities and Markets Authority (ESMA) released its latest risk monitoring report on September 11, identifying tokenized stocks, DeFi, and prediction markets as the three major emerging risk areas. ESMA said that using cryptocurrency in prediction markets makes insider trading more difficult to detect. The U.S. Commodity Futures Trading Commission (CFTC) released guidance on prediction markets in 2026 and sued six states, including Kentucky, to defend its exclusive federal jurisdic

According to CNN, on September 11, FTX founder SBF appealed to the U.S. Supreme Court, seeking a new trial and reversal of the $11 billion asset seizure order. The appeal challenges technical evidentiary issues from the trial and contends the forfeiture violates the Eighth Amendment's prohibition on

According to crypto journalist Eleanor Terrett, Senate Republicans have released an updated version of the CLARITY Act that now requires non-decentralized DeFi protocols to register with the Commodity Futures Trading Commission (CFTC). The revision, which reflects negotiations conducted during the A

Jihoon Park was convicted on Sep. 8 by a federal jury in Alexandria, Virginia, for his role in an investment fraud scheme and defrauding a bankruptcy court. Park exploited personal relationships and his previous affiliation with a large financial institution to convince community members to invest t

Paula and Stephen Darby, both 77, filed a lawsuit on Sept. 4 in the U.S. District Court for the Southern District of Florida against Broad Street Global Management and related parties, alleging they were denied more than $1.4 million after choosing to redeem their investments for cash. The couple, a

The European Securities and Markets Authority (ESMA) published a risk monitoring report Thursday warning that growing links between crypto and traditional finance could increase the risk of shocks spreading across the

Offshore trust companies are rejecting crypto millionaires seeking to place digital-asset wealth in traditional estate structures, according to Financial Times reporting, as HMRC data published 27 August shows 240 UK taxpayers declared capital gains exceeding £1 million each from crypto in

The European Securities and Markets Authority (ESMA) flagged that Polymarket and Kalshi lack formal authorization required to sell contracts to EU users, according to its latest regulatory report. The regulator also questioned the platforms' effectiveness in enforcing geographic restrictions and

Political memecoin projects tied to President Donald Trump, Argentine President Javier Milei, and viral personality Hailey Welch launched between January and February 2025, generating combined investor losses exceeding $4 billion. The $TRUMP token launched on January 17, 2025, reached an all-time

According to Senate records, Senators Elizabeth Warren and Richard Blumenthal formally requested SEC investigation into the Trump memecoin in August 2026 after retail investors reported cumulative losses of $3.8

The Hyperliquid Policy Center filed an amicus brief on September 9 in the U.S. District Court for the District of Columbia arguing that CME Group has no legal standing to challenge the CFTC's approval of onshore perpetual futures contracts. The brief was filed by Elizabeth Prelogar, the former U.S.

According to FinanceFeeds, on September 9, Hyperliquid Policy Center filed an amicus brief in the U.S. District Court for the District of Columbia arguing that CME Group has no legal standing to challenge the CFTC's approval of perpetual futures contracts. The brief, filed by Elizabeth Prelogar, the

According to BlockBeats, Senator Cynthia Lummis called today (September 10) for legal protections for stablecoin issuers and exchanges that freeze assets suspected of involvement in illegal activity. Her comments came after Tether faced a lawsuit over freezing $42.4 million in USDT. Lummis said

Malone Lam, a 22-year-old school dropout from Singapore, pleaded guilty on September 8, 2026 to a racketeering conspiracy charge tied to the theft and laundering of more than $245 million in digital assets. Lam admitted in US District Court in Washington, DC to participating in a RICO conspiracy tha

According to the US Department of Justice, Malone Lam, a 22-year-old Singapore national based in Miami, pleaded guilty on September 8, 2026, to one count of RICO conspiracy related to the theft and laundering of over $245 million in digital assets. Lam led an international cybercrime ring that

TransparentBusiness Inc., operating as Unicoin, filed a lawsuit against Universal Navigation Inc., operating as Uniswap Labs, in the Southern District of New York on Tuesday. The complaint seeks declarations that its UNICOIN mark does not infringe or dilute Uniswap's claimed marks and requests

According to Cointelegraph, TransparentBusiness Inc., doing business as Unicoin, sued Universal Navigation Inc. (Uniswap Labs) on Tuesday in the U.S. District Court for the Southern District of New York. Unicoin seeks declarations that its UNICOIN mark does not infringe or dilute Uniswap's UNI,

According to Bitrace, Guaranteed-Wealth Guarantee began clearing all money-laundering merchants from its platform yesterday following OFAC sanctions on Xinbi Guarantee. The clearout covers illegal operations commonly known as "card-to-stablecoin" and "cash services." Guaranteed-Wealth's wallet has r