Enforcement Actions

According to BNB Chain's Saturday post on X, the blockchain firm is pursuing legal action against a former employee who allegedly used unauthorized access to a tutorial wallet's seed phrase to launch and profit from memecoin Asteroid Shiba (ASTEROID). The wallet was originally created for a video tu

According to Minnesota's commerce department and Governor Tim Walz's signed law SF 3868, a crypto ATM ban took effect in the state on August 1, 2026, following reports of approximately $1 million in losses from crypto ATM scams between 2023 and 2025. All crypto ATM operators must deactivate

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) suspended its approval of Nasdaq's cash-settled Bitcoin index options (QBTC) on August 1 and will reconsider the decision in response to a legal challenge from CME Group. The SEC froze the approval until August 24 while

According to The New York Post, Dionysios "Dean" Karakitsos, co-founder of blockchain firm Bitquery, was accused on August 1 of embezzling over $5 million and deleting 194 expense records before his departure. The 57-year-old Karakitsos, who served as CEO, director, and CFO until 2025, allegedly

According to Foresight News, a former BNB Chain employee retained unauthorized access to a wallet seed phrase after departure on Aug 1 and used it to generate the ASTEROID token. BNB Chain said it neither created, authorized, promoted, nor controls the token, and has no connection to the

The U.S. Attorney's Office for Massachusetts filed a civil forfeiture action seeking 47,461.73111 USDT, worth approximately $47,000, in a case announced July 31. Prosecutors allege scammers obtained the cryptocurrency by directing victims to withdraw bank funds and deposit cash through crypto

According to BlockBeats, Huaxiaowei (also known as Hu Shi, Chen Xiao'er), a core figure of Taizi Group and alleged mastermind of Chen Zhi's criminal network, was deported from Japan to the United States on July 29, 2026. The FBI has initiated contact with him, with investigations expected to

According to Hong Kong 01, Vietnam-based investment scheme Fun Coffee collapsed in late July 2026 as a virtual currency fraud after entering the Hong Kong market in late 2025. The company, which presented itself as a coffee investment business, defrauded over 4,000 investors across multiple groups w

According to the U.S. Department of Justice, the agency filed a civil forfeiture action on July 31 seeking to recover 47,461.73 USDT (approximately $47,000) from a cryptocurrency ATM fraud scheme involving five victims. Prosecutors alleged that scammers induced victims to withdraw cash from

According to BlockBeats, on August 1, BNB Chain's official statement clarified that a former employee used an unauthorized wallet address to issue the Meme coin ASTEROID on the network. The employee retained access to the wallet's seed phrase after departing and generated new private keys to

According to ChainCatcher, a former BNB Chain employee deployed a meme token using an unauthorized test wallet. The company has initiated legal proceedings in response to the unauthorized use.

According to U.S. Treasury's Office of Foreign Assets Control (OFAC) announcement on Friday (July 31), the U.S. sanctioned Persian Gulf Marine Insurance Company (PGMIC) and HormuzSafe Marine Services Authority for operating an Iran-backed scheme that accepts Bitcoin and other digital assets as

On July 24, 2026, India's Cybercrime Coordination Centre (I4C) issued a notice directing GitHub to restrict access to three Bitchat repositories within three hours, citing the application's ability to function during network restrictions and internet shutdowns. According to market data from Sensor