Enforcement Actions

The U.S. Treasury Department launched 'Operation Economic Outcast,' targeting the Russia-linked A7 Network used by Iran to evade sanctions. Under the operation, the Financial Crimes Enforcement Network (FinCEN) proposed blocking U.S. financial institutions from certain fund transfers involving A7 Ne

According to the U.S. Treasury Department, FinCEN proposed blocking U.S. financial institutions from fund transfers involving A7 Network sub-agents, while OFAC designated the broader A7 Network as a significant transnational criminal organization under "Operation Economic Outcast" on October 2. Fin

The U.S. Treasury Department's Office of Foreign Assets Control announced a Hamas financing network that operated from 2020 through 2026. The network connected Gaza-based Hamas military-wing member Saleem Abdallah Saleem al-Zaq with France-based fundraisers Faouzi Barika and Amel Oualid. The network

According to the Treasury Department's Office of Foreign Assets Control (OFAC), a $2 million Hamas financing network operated from 2020 through 2026, connecting Gaza-based Hamas military official Saleem Abdallah Saleem al-Zaq with France-based fundraisers Faouzi Barika and Amel Oualid. The network c

The Independent Community Bankers of America (ICBA) sued the Office of the Comptroller of the Currency (OCC) on October 2, 2026, challenging an OCC rule issued on March 2, 2026, that allows companies engaged in digital asset activities to obtain national trust bank charters without strictly

The Independent Community Bankers of America (ICBA) sued the Office of the Comptroller of the Currency (OCC) over the regulator's approval of national trust bank charters for crypto firms, according to media reports on October 2. The lawsuit alleges the OCC exceeded its legal authority granted

Velocity, formerly known as Drift, opened recovery claims on Thursday for users who lost funds in its April exploit, issuing DFX tokens tied to their losses. Users receive one DFX token for every USDT lost in the attack, with current redemption rates yielding approximately 0.01 USDT per

Chainalysis has attributed a $387 million hack of cryptocurrency exchange Bitget to threat actors linked to the Democratic People's Republic of Korea (DPRK). The blockchain analysis firm traced the stolen funds across multiple networks following the breach. The attribution stems from DPRK's

According to Chainalysis, DPRK-linked threat actors carried out the $387 million Bitget exchange hack recently. The stolen funds rapidly moved across four blockchain networks—Ethereum, XRP, Zcash, and Tron—within the first few hours, with Ethereum accounting for 49.7% of transactions and XRP 40.8%.

According to Blast's announcement on X on October 2, the Layer 2 network will cease operations. Blast cited unsustainable economics, stating that the cost of maintaining the chain exceeds revenue generated, with no credible path to profitability. Users are required to withdraw all assets from Blast

The Cyprus Securities and Exchange Commission warned investors on October 2 about six trading domains that are not connected to entities authorized to provide investment or crypto-asset services, including ambrosiafx.com which explicitly claims CySEC regulation on its website. The regulator stated t

According to CySEC's October 2 warning, the Cyprus Securities and Exchange Commission flagged six trading domains—arongroups.co, growellcapitals.com, fanorenki.de, nevald-ki.io, xyvotrades.com, and ambrosiafx.com—stating they do not belong to entities authorized to provide investment or

According to PANews, ZachXBT on October 2 questioned UPay over alleged white-label Visa crypto card services provided to Xinbi, a sanctioned entity. The crypto researcher called on UPay CEO Owen Yang to clarify the relationship between the two parties. Neither UPay nor Owen Yang has publicly

According to ChainCatcher, the U.S. Treasury Department's Office of Foreign Assets Control has designated the Russian shadow banking network A7 as a major transnational criminal organization, listing its operations in Russia, Kyrgyzstan, Nigeria, and Zimbabwe. The Financial Crimes Enforcement

The U.S. Treasury designated Russia's A7 Network a transnational criminal organization on Thursday, with the Office of Foreign Assets Control listing addresses in Russia, Kyrgyzstan, Nigeria and Zimbabwe. The Financial Crimes Enforcement Network separately proposed a rule prohibiting U.S.

According to The Block, NEAR Intents General Manager Alex Shevchenko announced today, October 2, that the team has identified the entity responsible for a $3.8 million exploit and has given them 48 hours to return the funds. Shevchenko stated: "You should know the rules of responsible disclosure

According to The Block, the U.S. Treasury on October 2 designated the network behind the ruble-backed A7A5 token as a major transnational criminal organization. The Treasury stated that A7A5 was created to evade sanctions and conduct international transactions, and linked the A7 network to Iran's

According to Decrypt and European law enforcement, Spanish authorities arrested a 16-year-old Romanian suspect in Alicante on suspicion of being the administrator and main operator of the KillSec ransomware gang. Two men in their twenties were also arrested in the UK and Romania, while an 18-year-ol

Spanish police arrested a 16-year-old Romanian national in Alicante on September 30, suspected of being the main operator and administrator of the KillSec ransomware group, as law enforcement across Europe seized the group's servers and leak site and secured at least 110 terabytes of stolen data, Eu

According to BlockBeats, on October 2, U.S. Federal Judge Jennifer L. Rochon dismissed a class action lawsuit against Libra organizer Kelsier Ventures, DeFi platform Meteora, and developer Benjamin Chow, rejecting the plaintiffs' request to file a revised complaint. The dismissed claims included