Enforcement Actions

According to the U.S. Attorney's Office for the Northern District of Georgia, Fijian authorities deported Edward Zimbardi to the United States on August 14 to face federal charges tied to The Crypto Program, an alleged cryptocurrency Ponzi scheme that drew more than $165 million from thousands of in

Dutch prosecutors liquidated all remaining cryptocurrency assets held by bankrupt trading platform Knaken, raising $2.55 million for creditors. The district court declared Knaken bankrupt on July 16, affecting 6,300 customers who invested between $11.6 million and $13.9 million through the

Chainalysis Government Solutions filed a bid protest on July 27 in the U.S. Court of Federal Claims challenging Immigration and Customs Enforcement's approximately $94.6 million sole-source contract awarded to rival TRM Labs. The company argues ICE's decision to award the contract without an open bi

Chainalysis Government Solutions filed a bid protest on July 27 in the U.S. Court of Federal Claims challenging Immigration and Customs Enforcement's $94.6 million sole-source contract awarded to rival TRM Labs. The one-year deal, covering blockchain forensic software and support services for

Dutch prosecutors recently liquidated remaining crypto assets held by bankrupt trading platform Knaken, raising $2.55 million for 6,300 victims, officials confirmed. The platform was declared bankrupt on July 16 after significant structural deficits left a major gap between customer investments

According to its Chinese-language account, BitMart demanded founders Sheldon Lee and Yi Li respond publicly by August 19 over frozen user funds and unpaid employee salaries on August 17. The account called for verifiable asset disclosures, details on withdrawal restrictions, and a comprehensive

Edward Zimbardi, the promoter of an alleged $165 million cryptocurrency Ponzi scheme known as 'The Crypto Program,' was deported from Fiji to the United States last week after more than a year on the run. He was scheduled to appear in federal court in Los Angeles on Monday to face 25 federal

According to the U.S. Attorney's Office for the Northern District of Georgia, Edward Zimbardi, promoter of an alleged $165 million cryptocurrency Ponzi scheme called "The Crypto Program," was deported from Fiji to the U.S. last week. Zimbardi was scheduled to appear in federal court in Los Angeles o

South Korea's broadcasting regulator decided to block access to the prediction market platform Polymarket on August 18. The Korean Broadcasting and Communications Commission cited concerns that Polymarket's trading on political, payment, sports, and election outcomes features a winner-take-all

Austria's Financial Market Authority (FMA) fined crypto exchange Bitpanda 70,000 euros, approximately $82,000, marking the first publicly disclosed enforcement penalty under the European Union's Markets in Crypto-Assets Regulation (MiCA). The Vienna-based company violated procedural requirements

According to Le Monde, on August 14, Nigel Farage, leader of Reform UK, won the Clacton by-election with 63% of votes cast, which automatically triggered the resumption of a Parliamentary Commissioner for Standards investigation into an undeclared $6.3 million gift he received from crypto

According to Austria's Financial Market Authority (FMA), crypto exchange Bitpanda was fined 70,000 euros (approximately $82,000) in what marks the first publicly disclosed enforcement penalty under the EU's Markets in Crypto-Assets Regulation (MiCA). The FMA cited breaches including failure to

Crypto exchange Binance provided the personal data and transaction history of IT specialist Yury Belenky at the request of Russian authorities, Reuters reported, citing investigative documents. The data package provided by the exchange included his transaction history, date of birth, address, phone number, and copies of his Russian passport and Bulgarian residence permit. Russia’s Investigative Committee is using this information in a terrorism financing case opened against Belenky in October, a

South Korean authorities ordered access to Polymarket blocked on Tuesday after determining the crypto prediction market provides an illegal gambling environment to users in the country. The country's media and communications review commission ruled that Polymarket falls under information

According to Yonhapnews, Gwangju Police arrested 3 suspects led by a man in his 60s on charges of virtual asset fraud since November 2024. The suspects allegedly defrauded over 100 elderly victims aged 70–80 by setting up offices in Seoul, Gwangju, and Gunsan, promising guaranteed returns and

BitMart exchange and its founder Sheldon Xia are facing an ultimatum from users and employees demanding transparency by Aug. 19, following the exchange's announcement weeks ago that it would wind down entirely. Users and staff are demanding proof of reserve funds, an independent audit, and a

According to a public letter posted to BitMart's official account, users and employees gave founder Sheldon Xia until August 19 to disclose reserves, submit to an independent audit, and provide a repayment plan, or evidence will be escalated to regulators and law enforcement across multiple

According to Digital Asset, South Korea's Broadcasting and Communications Committee designated Polymarket as a channel for illegal gambling on August 18, imposing access restrictions. The committee found that Polymarket allows users to bet on political, electoral, and sports outcomes, with a

According to Shanghai courts on August 18, the Shanghai Intermediate People's Court released a landmark judgment clarifying the criminal liability of 'traffic inciters' in crypto-related telefraud cases. Between February 2022 and April 2023, three defendants lured 30 victims into offshore scam