Enforcement Actions

Two Thai businessmen filed a lawsuit against Tether on August 31 in the U.S. District Court for the Southern District of New York over the freezing of approximately $42.4 million in USDT. Nutthawat Rukthammachalern and Natthawat Kasamvilas allege that Tether blacklisted 10 Ethereum addresses

According to a FinanceFeeds report, two Thai businessmen filed a lawsuit against Tether on August 31 over the freezing of approximately $42.4 million in USDT, alleging the stablecoin issuer blocked their tokens following an informal request from U.S. Homeland Security Investigations without a

Injective and Ontology both experienced block production halts around August 31 due to separate security incidents affecting the two Layer-1 networks, with an exploit on Injective estimated to have extracted approximately $4.9 million. Injective stopped producing blocks for roughly three hours and 4

According to News1, South Korea's Digital Asset Exchange Association (DAXA) recently identified four undeclared foreign virtual asset firms suspected of operating in the country and has requested police investigations. The entities include virtual asset exchanges Big One and

U.S. Treasury Secretary Scott Bessent announced in an Aug. 30 Associated Press interview that the Treasury plans to sanction another bank this week as part of Operation Economic Outcast targeting Iran-linked financial networks. The Financial Crimes Enforcement Network (FinCEN) proposed a rule on Aug

Kalshi and Polymarket saw their combined volume decline in August, marking the first month-over-month drop in a year. According to The Block's data dashboard, the combined monthly volume at Kalshi, Polymarket and Polymarket US fell 14.5% in August to $45.33 billion, the first decline since August 20

Two Thai businessmen have filed a lawsuit against Tether in U.S. District Court for the Southern District of New York, alleging that approximately $42.4 million in USDT was frozen without a warrant or court order based on requests from U.S. authorities, specifically Homeland Security

According to Thai SEC, the Securities and Exchange Commission filed a complaint against application service providers Holdstation and UNO on September 2 for operating digital asset brokerage without authorization. Effective October 1, 2026, access to information from these entities will be

According to an official statement, Fogo's mainnet has restarted and is operating normally following a theft incident. Out of 400 million FOGO tokens stolen, 237 million have been recovered and permanently removed from the total supply. The project is collaborating with centralized exchanges and

In the Nizhnetavdinsky District of Tyumen Region, Russian police uncovered a large cryptocurrency mining farm run by a family with many children. The operators disguised their cryptocurrency mining as household electricity consumption and paid the preferential rate available to large families. Criminal cases were opened against six local residents under the statute concerning property damage. Law enforcement officers and energy specialists from Gazprom Energosbyt Tyumen uncovered a scheme involv

The European Central Bank (ECB) proposed integrating blockchain technology into its digital euro initiative this week, while Sberbank announced plans to accept ether and USDT as collateral for loans. The US Treasury proposed the GENIUS Act, which would require exchanges to audit foreign

The UK National Crime Agency (NCA) issued a freezing order over £10,024,041.33 (approximately $13.5 million) held in the Premier League’s Barclays Bank account. The funds came from the first payment under Sorare’s licensing agreement. During the same period, the UK Gambling Commission charged Sorare with conducting gambling activities without a license, while the FCA wrote to 21 clubs, 13 of which had a total of 18 unauthorized crypto sponsorship arrangements. NCA Freezes £10.24 Million in Sorar

Bitcoin (BTC) has weakened further, falling back to around $77,360 on September 2. The U.S. Securities and Exchange Commission (SEC) has proposed updating the rules for registered transfer agents to adapt to the era of blockchain and tokenization; the rules have not undergone major revisions since the late 1970s. Singapore is considering allowing cross-border stablecoins jointly issued by multiple parties to be included in its regulatory framework, reconsidering its previous decision to limit th

According to The Block investigation on September 2, Robinhood Wallet and Fomo applications allow users to purchase meme coins through Apple Pay or Google Pay using credit cards without completing identity verification. Visa and Mastercard transactions were classified under MCC code 5815 (digital

According to The Sun, the UK's National Crime Agency (NCA) froze 10 million pounds (approximately $13.5 million) on Monday as part of an investigation into blockchain-based trading card platform Sorare over allegations of unlicensed gambling. The freeze was issued following a January 2025 order