Enforcement Actions

According to federal prosecutors, on July 8, Karen Serobovich Vardanyan, a 34-year-old Armenian national extradited from Ukraine, pleaded guilty to conspiracy and computer fraud for his role in Ryuk ransomware attacks conducted from November 2019 through April 2020. The campaign collected

According to Bloomberg, the U.S. Department of Justice plans to withdraw charges against Matthew Goettsche, founder of BitClub Network, on July 8. Goettsche was charged with operating a cryptocurrency Ponzi scheme involving $722 million; his legal team notified the judge that both parties reached a

The SEC filed supplemental legal material in the remedies phase of its case against Ripple, maintaining pressure on the final penalty and injunction terms that remain under court review. The filing continues the agency's argument for relief that Ripple considers overly broad, with XRP traders

According to Bloomberg, the U.S. Department of Justice plans to dismiss charges against BitClub Network founder Matthew Goettsche, related to a $722 million cryptocurrency fraud scheme. Goettsche's legal team notified the court on July 8 that both sides reached a "principle agreement" to resolve the

According to Bloomberg, crypto bank Custodia Bank filed a petition with the U.S. Supreme Court on July 11 to review its case challenging the Federal Reserve's 2023 denial of access to its payment system. Custodia applied for a master account with the Kansas City Federal Reserve in 2020, but the Fed

Circle, the issuer of the USDC stablecoin, is accused of refusing to cooperate with law enforcement efforts to help scam victims recover stolen funds, according to a report by the International Consortium of Investigative Journalists (ICIJ). Unnamed law enforcement officials have raised alarms over

According to the International Consortium of Investigative Journalists (ICIJ), Circle, the issuer of USDC stablecoin, is allegedly refusing to cooperate with law enforcement in helping scam victims recover stolen assets. A Wisconsin county prosecutor recently filed a criminal complaint against Circl

Five Senate Democrats called for congressional hearings into President Donald Trump's cryptocurrency holdings on Friday, following financial disclosures that showed over $1.2 billion in crypto-related income last year. Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and

According to Senate Democrats' statement Friday, five senators called for congressional hearings into President Trump's crypto holdings after financial disclosures revealed over $1.2 billion in crypto-related income. The lawmakers—Elizabeth Warren,

The U.S. Department of Justice is planning to drop charges against Matthew Goettsche, the alleged mastermind of the BitClub Network Ponzi scheme that prosecutors said operated as a $722 million fraud. Senior officials in Washington directed the New Jersey U.S. attorney's office to dismiss the prosec

According to people familiar with the matter, the U.S. Department of Justice is planning to drop charges against Matthew Goettsche, the alleged mastermind of the BitClub Network Ponzi scheme. Prosecutors alleged the crypto mining operation operated as a $722 million fraud dating back to a 2019

According to the U.S. Department of Treasury, the agency placed several Iranian exchanges on its sanctions list on July 10.

Goldman Sachs has reportedly banned its employees from trading certain prediction market contracts, according to a CNBC report on July 10. The investment bank prohibited staff from trading contracts related to elections, financial markets, macroeconomic data, and geopolitics, as well as events

According to Odaily and Caixin, in a second supplementary indictment by Bashan Procuratorate, Lu Jun, former vice president of National Development Bank Shanghai Branch and deputy president of CDB Finance, faces new bribery charges involving 12.18 million CNY in benefits received jointly with

Rossen Iossifov, a 53-year-old Bulgarian national currently serving 111 months in federal prison for laundering nearly $5 million in cryptocurrency, has been charged with conspiring to move $290,000 in court-ordered forfeited cryptocurrency while incarcerated. Prosecutors allege he executed the

According to a Department of Justice statement, Rossen Iossifov, a 53-year-old Bulgarian national already serving 111 months for money laundering, has been charged with conspiring to transfer $290,000 in cryptocurrency that a court had ordered him to forfeit. Prosecutors allege he executed the trans

According to co-founder Aaluxx, THORChain's vault rotation (churn) is now paused until v3.20 ships due to a consensus bug discovered during churning. The recent exploit stemmed from three chained older bugs that, individually harmless, became exploitable when triggered in sequence. One of five vault

According to The Block, the U.S. Department of Justice indicted Bulgarian national Rossen G. Iossifov, a federal inmate, for illegally transferring approximately $290,000 in cryptocurrency that had been seized and forfeited by the U.S.