Enforcement Actions

According to CoinDesk, a Korean court this week sentenced a cryptocurrency platform operator to 15 years in prison for fraud involving approximately $50 million. The ruling is considered one of the longest prison sentences South Korea has imposed for crypto fraud to

Roman Storm, founder of Tornado Cash, called out Google and OpenAI as enablers following his August 2025 conviction for conspiracy to operate an unlicensed money transmitting business. Storm argued that the U.S. Department of Justice applied flawed logic in his case, pointing to North Korean IT

According to Roman Storm's social media posts, the Tornado Cash founder—convicted of conspiracy to operate an unlicensed money transmitting business in August 2025—has challenged the U.S. Department of Justice's legal reasoning by pointing to Google and OpenAI as enablers of North Korea's cyber oper

According to ChainCatcher, Hong Kong's Securities and Futures Commission published today a list of multiple websites impersonating the licensed virtual asset trading platform Hash Blockchain Limited. The fraudulent sites were reported by Hash Blockchain Limited itself. The SFC clarified that these w

According to reports, Hong Kong Police disclosed on August 16 that 20,613 fraud cases were recorded in the first half of 2026, resulting in total losses of approximately HKD 3.5 billion. Among these, investment fraud accounted for 2,151 cases with losses reaching HKD 1.66 billion. A single

According to Reuters, prediction market platform Kalshi disputed Nevada gaming regulators' $120,000 daily fine on August 16, accusing them of violating federal law. In April, a Nevada court issued a preliminary injunction barring Kalshi from offering contracts in the state without a gaming license a

According to reports, stablecoin company RedotPay delayed its U.S. IPO on August 14 due to legal issues. Details regarding the specific legal challenges were not disclosed.

According to Odaily, Hong Kong police arrested 17 individuals (14 men, 3 women) on August 14 during "Operation Lightning Strike," including 13 Malaysians and 4 local residents, and seized HK$3.67 million in cash believed to be criminal proceeds. The fraud ring recruited Malaysian nationals

According to Hong Kong Police data disclosed to Apple Daily on August 15, Hong Kong recorded 20,613 fraud cases in the first half of 2026, resulting in total losses of approximately HK$3.5 billion. Among these, 2,151 investment fraud cases caused losses of HK$1.66 billion. A single cryptocurrency in

According to Foresight News, daos.fun founder Shaw accused core member baoskee of insider trading on ai16z tokens. Shaw claims that baoskee, aware of an a16z request to rebrand the project to avoid trademark issues, sold approximately 42.18 million ai16z tokens from operational wallets despite

According to Crowdfund Insider and Arizona Attorney General Kris Mayes' office, the state has successfully recovered $171,332 in full refunds for 35 victims of cryptocurrency ATM fraud under the state's consumer protection law. The recoveries followed the implementation of Arizona's Cryptocurrency A

According to PANews, yesterday (August 15), the Securities and Futures Commission (SFC) of Hong Kong published multiple fraudulent websites impersonating the licensed virtual asset trading platform Hash Blockchain Limited. The websites were reported by Hash Blockchain Limited to the SFC as fraudulen

According to Livecoins, Brazilian authorities in Rondônia executed arrests and search warrants against a criminal group suspected of electronic fraud and money laundering. The gang allegedly used cryptocurrency exchanges to conceal illegal funds transferred from victims' accounts. An investigated

Unlisted cryptocurrency pyramid schemes continue to proliferate across South Korea despite a downturn in the crypto market, with victims near Seoul's Seolleung Station losing tens of millions of won. One victim, identified as A, told Yonhap News on the 16th that he lost 60 million won after being re

According to Yonhapnews, South Korea is experiencing a surge in multi-level investment fraud involving unlisted cryptocurrencies, where victims themselves become scam recruiters. Recent cases near Seoul's Seolleung Station show individuals who lost over 60 million KRW in such schemes subsequently re

Around 26% of Gen Z investors in the U.S. treat sports betting as a deliberate, ongoing component of their wealth plans, according to a recent survey by American finance platform Betterment reported by Bloomberg on Aug. 13. The survey, which gathered responses from 1,000 U.S. retail investors,