Enforcement Actions

According to Foresight News, the U.S. Commodity Futures Trading Commission (CFTC) issued a consumer alert on August 27 warning of cryptocurrency ATM fraud schemes. Scammers impersonate government agencies, investment firms, utilities, or tech support to trick victims into withdrawing cash and

According to Kalshi litigation chief Jovy Dedaj, Connecticut recently sued the prediction market platform, demanding it cease operations in the state. Dedaj noted the state has not taken similar action against other prediction market platforms operating locally, suggesting inconsistent enforcement r

According to Shanghai police and澎湃新闻, authorities recently dismantled a major underground money laundering operation exploiting virtual currencies for illegal cross-border exchange. The case involves approximately 19.6 billion yuan ($2.7 billion USD equivalent based on typical conversion rates),

According to Shanghai Public Security Bureau, authorities recently busted a major underground money laundering operation involving virtual currencies for cross-border fund transfers. The investigation resulted in the arrest of over 70 criminal suspects, with the case involving illicit transactions e

According to Shanghai police announcement, authorities arrested 70 plus suspects on August 27 in a cryptocurrency-based money laundering ring involving over 20 billion yuan in illegal foreign exchange transactions. The criminal network, led by suspects Liu, Xu, Gao and Wang, operated since August 20

Three high-ranking Moscow police officers were sentenced to 12–14 years in prison for stealing more than 30 million rubles from the accounts of clients of the Garantex crypto exchange. The verdict was handed down by Moscow’s Butyrsky District Court on August 24. The defendants—MVD investigator Antonina Shakina and special-bureau MVD officers Renat Bakhtiyev and Leonid Golubev—were found guilty of accepting bribes, falsifying documents, and abusing their official powers. Shakina and Bakhtiyev wer

The 31-year-old inmate Patrick Marquis Turner, who was serving time at the Wheeler Correctional Facility in Georgia, allegedly used a smuggled cellphone to impersonate the Marion County Sheriff's Office and trick an elderly Florida man into depositing $5,600 into a cryptocurrency ATM by claiming he would be arrested for failing to appear for jury duty. Detectives traced 8 separate transactions and linked them to Turner. Turner's Scam Method: Demanding Cryptocurrency ATM Deposits Under the Pretex

Chinese businessman Zhou Guren has been identified as the controller behind Aqua 1 Foundation, which invested $100 million in World Liberty Financial (WLFI) in June 2025, making it the largest public investor in the cryptocurrency project associated with US President Donald Trump and his family.

Judge Samuel Goozee rejected former Saitama CEO Manpreet Kohli's extradition challenge on August 19, sending the case to UK ministers for a decision on the US extradition request. Kohli faces charges including wire fraud, market manipulation, and operating an unlicensed money-transmitting business t

According to Reuters, on August 19, a British judge rejected Manpreet Kohli's attempt to block his extradition to the United States, sending the case to the U.K. government for a final decision. Kohli, former CEO of Ethereum-based token Saitama, remains free on £200,000 bail and can appeal the

According to a letter submitted on Wednesday, the Hyperliquid Policy Center and perpetuals trading platform trade[XYZ] called on the CFTC to establish a regulatory framework for energy perpetual contracts in the U.S. The groups cited disruptions in global oil supply chains earlier this year when tra

According to U.S. District Judge Katherine Polk Failla's ruling on Tuesday, Tornado Cash co-founder Roman Storm will face a retrial on unresolved money laundering and sanctions charges on April 26, 2027, at the Thurgood Marshall Courthouse in New York. The retrial was originally scheduled for