Enforcement Actions

According to ChainCatcher and the U.S. Department of Justice, Zheng Zhao, a Chinese national, was extradited from the Netherlands and appeared in U.S. District Court for the Central District of California on October 23, charged in a $36.9 million investment

According to WuBlockchain, the Bank of Israel rejected Prime Minister Benjamin Netanyahu's proposal to use cryptocurrencies to circumvent international financial sanctions on October 24. The central bank clarified that cryptocurrencies do not provide a viable means to bypass sanctions and urged the

According to ChainCatcher, U.S. Senator Richard Blumenthal launched an investigation on October 22 into Tether's payments of approximately $6.3 million to consulting firm Nxum, co-founded by former White House cryptocurrency adviser Bo Hines, who holds one-third stake in the company. Tether has

According to ChainCatcher, daos.fun founder Shaw recently accused core member baoskee of insider trading related to ai16z token rebranding. Shaw claims baoskee sold tokens from the project's executive wallet for approximately $6.6 million in profits, leveraging non-public information about the rebra

According to New York Attorney General Letitia James, announced on October 23, the state is seeking a $1.37 billion judgment against the operators of NovaTech and AWS Mining, two successive cryptocurrency investment schemes that allegedly defrauded over 300,000 investors worldwide of more

According to Matichon, on Oct 24, Thai immigration police arrested a 47-year-old Chinese man suspected of running a cryptocurrency fraud scheme. The suspect, who also held a Cambodian passport, allegedly lured Chinese investors with promises of high returns, causing losses exceeding 100 million

The Association of Russian Banks said that the high volume of Russians’ cryptocurrency transactions on foreign platforms will lead to such a large share of that cryptocurrency being labeled as sanctioned that international sanctions will lose their effectiveness. According to the association, cryptocurrency transaction volume in Russia reached $376 billion over the past year, and about 40% of Russia’s foreign economic activity is now conducted using cryptocurrency. Olga Goncharova, head of the A

In Russia, transferring money between individuals has become more difficult, both through bank cards and cryptocurrency, but the risks differ. A Moscow trader who used cards belonging to underage money mules faces up to 13.5 years in prison under Part 5 of Article 187 and Part 3 of Article 150 of the Russian Criminal Code. Ordinary participants in P2P transfers also face risks: if money from a fraud victim arrives on their card, the recipient becomes part of the chain and may receive a summons f

According to court records reported by BBC, an Argentine federal judge has dismissed criminal charges against President Javier Milei and his sister Karina Milei related to the Libra cryptocurrency scandal. Judge Marcelo Martinez de Giorgi ruled that the alleged events do not constitute criminal

According to the U.S. Department of Justice, 44-year-old Chinese national Zheng Zhao was extradited from the Netherlands and appeared in court yesterday (October 23) on charges of participating in a transnational cryptocurrency investment fraud targeting American citizens. More than $36.9 million in

Argentine federal judge Marcelo Martínez de Giorgi dismissed the criminal investigation into President Javier Milei regarding the LIBRA token scandal, finding insufficient evidence of fraud despite allegations involving Milei's sister and U.S. businessman Hayden Davis. The judge ruled that while Pre

According to ChainCatcher, Senator Richard Blumenthal began investigating Tether's $6.3 million payments to consulting firm Nxum on October 22. Nxum was co-founded by Bo Hines, a former White House digital asset advisor who holds one-third ownership of the company. Blumenthal sent a letter to Tether

Argentine Federal Judge Marcelo Martínez de Giorgi ruled to terminate the criminal investigation into the LIBRA Meme coin matter, determining insufficient evidence of fraud. The case involved Argentine President Javier Milei, his sister Karina Milei, and U.S. businessman Hayden Davis, who claimed to

The US Treasury amplified a post from Secretary Scott Bessent detailing the launch of Operation Economic Outcast, an initiative targeting revenue sources for illicit activities in cryptocurrency. The operation aims to block financial pathways that could facilitate money laundering or support

According to the U.S. Treasury, the agency recently amplified Treasury Secretary Scott Bessent's call to launch Operation Economic Outcast, an initiative aimed at blocking potential revenue sources for illicit activities. The Treasury stated the move is part of its ongoing commitment to combat

According to the U.S. Department of Justice, a Chinese citizen was extradited from the Netherlands and made an initial court appearance on charges of participating in an international cryptocurrency investment fraud scheme. The operation, run from Cambodia, defrauded 174 identified U.S. citizens

According to Reuters, Argentina's Federal Judge Marcelo Martínez de Giorgi dismissed the criminal investigation into President Javier Milei and his sister Karina Milei on October 24 regarding their alleged involvement in the LIBRA meme coin case. The investigation, which began in February 2025,