Enforcement Actions

Noman Saleem, 39, of Queens and Levittown, New York, was sentenced to 15 months in prison on Tuesday for operating a wire-fraud scheme in which he impersonated well-known crypto influencers on Telegram to steal at least $1.4 million from investors, according to the U.S. Attorney's Office for the

According to the U.S. Attorney's Office for the District of Maryland, Noman Saleem, 39, was sentenced to 15 months in prison on June 23 for a wire-fraud scheme that defrauded investors of at least $1.4 million. Starting in December 2020, Saleem impersonated well-known crypto influencers on

According to Caixin, on June 23, Xiao Rui, son of former Wuhan discipline commission official Xiao Jun, was convicted by Hong Kong District Court of four money laundering charges and one count of using false documents. Xiao allegedly received approximately HK$4.72 million in bribes on behalf of

Meta is developing a prediction market platform called "Arena," according to a New York Times report. The product currently operates on a points-based system rather than real money, avoiding gambling and derivatives regulations that govern cash-settled platforms like Kalshi and Polymarket. The

Five Senate Democrats on Tuesday urged Republican committee chairs to open immediate hearings into a reported $500 million United Arab Emirates investment in the Trump family's cryptocurrency venture World Liberty Financial. The lawmakers cited reporting that lieutenants to an Abu Dhabi royal

The U.S. Justice Department seized a cloud computing account on Tuesday that hosted backend infrastructure for subsidiaries of Cambodia's Huione Group, which prosecutors called one of the world's most prolific criminal marketplaces. The account enabled the operation of Huione Guarantee, a Telegram-b

According to the U.S. Justice Department, on June 23, federal prosecutors seized a cloud computing account that hosted backend infrastructure for Huione Group subsidiaries, a Cambodia-based conglomerate accused of laundering billions of dollars in crypto fraud proceeds. The account ran Huione

Hut 8 investors reached a proposed $2.35 million settlement filed Monday in the U.S. District Court for the Southern District of New York. The settlement resolves securities claims related to the company's 2023 merger with US Bitcoin Corp., in which investors alleged Hut 8 overstated merger

According to The Energy Mag, Hut 8 investors reached a $2.35 million settlement over alleged disclosure failures related to the company's all-stock merger with U.S. Bitcoin Corp. (USBTC), with the proposed agreement filed Monday in U.S. District Court for the Southern District of New York. The settl

According to CoinDesk, U.S. Senate Democrats called for a hearing today (June 24) to investigate whether the United Arab Emirates' $500 million investment in World Liberty Financial—a project linked to Donald Trump—influences U.S. foreign policy decisions toward Abu Dhabi. The inquiry will focus on

Four major U.S. law enforcement organizations sent a joint letter Tuesday to the Department of Justice and the White House opposing Section 604 of the Clarity Act, warning the provision could create gaps in oversight and hinder investigations into illicit cryptocurrency activity. The groups argue th

According to BlockBeats, on June 24, four major U.S. enforcement organizations—the National District Attorneys Association, National Association of Assistant U.S. Attorneys, International Association of Chiefs of Police, and National Sheriffs' Association—jointly warned the Justice Department and

Investors of collapsed crypto brokerage Voyager Digital filed a notice of appeal with the Eleventh Circuit on Tuesday, challenging a Florida federal judge's dismissal of their claims against Mark Cuban and the Dallas Mavericks. The plaintiffs asked the Eleventh Circuit to review U.S. District

According to The Block, on June 24, investors in defunct crypto brokerage Voyager Digital filed an appeal challenging a federal judge's dismissal of their lawsuit against Mark Cuban and the Dallas Mavericks. The appeal targets a December 2022 ruling by U.S. District Judge Roy Altman, who found inves

Brazil's President Luiz Inácio Lula da Silva signed Decree No. 13,033 on June 19, enabling regulators to freeze bank accounts of unlicensed fixed-odds betting operators and, after legal proceedings, seize those funds for the state. The decree, published in an extra edition of the official gazette, s

According to Chosun Ilbo reported by PANews on June 24, Seoul's Gangnam Police failed to conduct an internal audit on 22 BTC (approximately $1.6 million) lost from evidence storage and took no disciplinary action against responsible officers. The bitcoin was seized during a financial hacking

According to BlockBeats, South Korea's Tax Tribunal on June 24 ruled that a Bitcoin gift tax dispute requires further investigation. The case centers on whether transferring 67 BTC through a spouse's overseas exchange account constitutes a taxable gift. Taxpayer A held the Bitcoin in a personal