Enforcement Actions

According to the European Securities and Markets Authority (ESMA) on June 23, unauthorized crypto asset service providers (CASPs) must halt new EU client onboarding and prepare orderly market exits before the Markets in Crypto-Assets Regulation (MiCA) transitional period ends on July 1,

According to the FBI, OneCoin fraud victims can apply for compensation through the Department of Justice compensation program by June 30 deadline. Individuals who purchased OneCoin between 2014 and 2019 and suffered direct financial losses are eligible to submit applications via mail, email, or

According to BlockBeats, Thailand's Special Branch (DSI) issued an arrest warrant on June 28 against Chinese businessman Wong Yik-shing, accusing him of involvement in a criminal network that allegedly used illegal cryptocurrency mining to launder proceeds from fraud and online gambling

EMURGO, a co-founding entity of the Cardano blockchain, announced on Saturday it had identified a recovery solution for users of its SecondFi wallet, following an exploit that drained approximately $2.4 million worth of ADA between June 21 and 23. CEO Phillip Pon stated the company completed its for

Rwanda and Nigeria signed a cooperation agreement to combat digital asset fraud across their capital markets. The pact between the Capital Markets Authority of Rwanda and the Securities and Exchange Commission of Nigeria addresses the rise in fraudulent digital asset schemes across Africa. Nigeria h

Peter Schiff claimed on his podcast that Strategy (MSTR), the Bitcoin treasury company led by Michael Saylor, has entered a 'death spiral' that will result in bankruptcy and a flood of investor lawsuits. Schiff cited the decline of Strategy's preferred stock, Stretch (STRC), below its $100 par

According to Europol, on Wednesday the agency led Operation Endgame, an international law enforcement action that disabled 326 servers and 142 domains used in global "cybercrime-as-a-service" malware campaigns. The operation, coordinated with Canada, Denmark, Germany, the Netherlands, the United

Two U.S. senators have called on the Commodity Futures Trading Commission (CFTC) to investigate cryptocurrency-based prediction market Polymarket following allegations that the company used deceptive social media marketing to attract users. The bipartisan request adds fresh regulatory pressure on t

According to Bitdefender, Poland's Central Bureau for Combating Cybercrime announced on June 27 that police arrested four individuals suspected of operating a large criminal network. The gang hijacked phone numbers, breached cryptocurrency exchange accounts, and conducted SIM-swap attacks to steal f

According to BlockBeats, the U.S. Commodity Futures Trading Commission (CFTC) has launched an investigation into prediction market platform Polymarket as of June 27, with the probe still ongoing. Simultaneously, more than a dozen U.S. states and consumer protection organizations are pressuring for s

The U.S. Treasury sanctioned nine individuals and 26 entities linked to Prince Group, a transnational criminal organization operating pig butchering scams in Asia, on Tuesday. The Office of Foreign Assets Control (OFAC) took action against Huione Group, a Cambodia-based financial services

According to OFAC and the FBI, the U.S. Treasury took action against Huione Group on Tuesday, designating 26 entities and nine individuals linked to the Prince Group, a transnational criminal organization targeting Americans with pig butchering romance scams. The Office of Foreign Assets Control

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint request for public comment on possible changes to portfolio margin rules across securities, swaps, futures, and related positions. The public comment period will remain open for 60 days after the

According to a Wall Street Journal report, Senators Adam Schiff (D-CA) and John Curtis (R-UT) recently sent a letter to CFTC Chairman Michael Selig requesting answers about Polymarket's alleged marketing campaign involving $1.9 million in staged fake bets. The senators asked six questions,

Sens. John Curtis, R-Utah, and Adam Schiff, D-Calif., sent a letter to Commodity Futures Trading Commission Chair Michael Selig on Thursday demanding an investigation into Polymarket following reports that the predictions market paid social media creators to stage fake winning bets. The bipartisan c