Enforcement Actions

According to AmBCrypto, on July 7, Judge Analisa Torres of the Southern District of New York rejected Kalshi's injunction request, ruling that federal law does not preempt state gambling laws. The judge maintained that gambling regulation falls under state purview, and that the federal Commodity

Nigel Farage, leader of Reform UK, resigned his seat as Member of Parliament for Clacton, triggering a by-election. The move follows scrutiny over allegations that he accepted undeclared funding from a convicted crypto entrepreneur. Farage faces a formal probe by the Parliamentary Commissioner for

According to Bitcoin.com, Nigel Farage resigned as Member of Parliament for Clacton on July 8, triggering a high-stakes by-election while facing a parliamentary standards investigation over an undisclosed $6.7 million donation from crypto billionaire Christopher Harborne. Farage, leader of Reform

Prediction market platform Kalshi's request for a preliminary injunction against New York State's gambling law enforcement was rejected by the US District Court for the Southern District of New York on the 8th. Judge Analisa Torres ruled that Kalshi failed to sufficiently demonstrate a likelihood of

According to the CFTC, the U.S. Commodity Futures Trading Commission charged a commodity and crypto pool operator with defrauding investors of more than $14 million on July 8, 2026. The enforcement action marks a rare regulatory move targeting the digital asset

Kraken parent company Payward announced that it has won an arbitration case against former auditor Mazars USA, with the arbitration tribunal ordering Mazars to pay approximately $22 million in damages. Payward has filed a petition with the Delaware Court of Chancery to confirm the arbitration result, converting the arbitration award into a formal court judgment. Background of the Arbitration Case: The Events and Scope of Losses Following Mazars' Termination of Audit Cooperation in 2022 According

A university student who was originally sentenced to 4 years and 6 months in a first trial for issuing virtual currency and conducting a rug pull received a suspended sentence following a second trial appeal after voluntarily pleading guilty, according to lawyer Liu Yang. The student was released fo

According to Eleanor Terrett's post on X, U.S. District Court Judge Analisa Torres in the Southern District of New York rejected Kalshi's preliminary injunction application in a recent ruling, allowing the case to proceed to a motion to dismiss hearing. The court determined that New York State

According to Decrypt, NFT buyers of Ice Cube's BIG3 basketball league filed a class action lawsuit on July 8 alleging fraud tied to 2022 Ethereum NFT sales. Fire tier NFTs sold for $25,000 and Gold tier for $5,000, with BIG3 promising holders permanent ownership stakes, voting rights, season

According to Decrypt, Kenya's Capital Markets Authority launched a tender today (July 8) for blockchain monitoring tools to track fraud, money laundering, and sanctions evasion across more than 20 public blockchains. The platform will automatically alert on high-risk wallets, large transfers,

According to Yonhap Infomax, Woori Financial Group voluntarily amended its securities filing on July 6 to disclose a data breach as an investment risk factor. The breach involved 17,551 customer personal information records leaked by an external contractor engaged by its subsidiary Woori Bank for an

According to The Block, the U.S. Commodity Futures Trading Commission (CFTC) on July 8 charged Trevor Vernon and his company Argent Capital Management LLC with defrauding approximately 60 investors of $14 million through a fraudulent commodity pool. The pool traded stock index futures options,

According to South Korea's Supreme Court in a December 2025 ruling, virtual assets including Bitcoin qualify as targets for asset seizure and forfeiture under law. However, no comprehensive statistics exist on actual recovery of seized or forfeited virtual assets. Court documents highlight the

According to the CFTC, the agency charged Trevor Vernon and his company Argent Capital Management LLC on Tuesday for defrauding approximately 60 people out of $14 million through a bogus commodity pool trading options, equity futures, and cryptocurrencies. The CFTC alleged Vernon misrepresented

According to Front Office Sports and attorneys, BIG3 NFT purchasers have filed a class action lawsuit against Ice Cube's 3-on-3 professional basketball league over unfulfilled ownership promises. Buyers who paid $25,000 per "Fire" tier NFT and $5,000 per "Gold" tier token in 2022 expected to