Enforcement Actions

According to CoinDesk, BitMart is considering a restructuring combining creditor distributions with a phased restart of operations, less than four weeks after announcing its closure. The exchange has appointed White & Case as restructuring counsel and expects to share a roadmap by September 9.

Coinkite released firmware versions 5.6.1 and 1.5.1Q for its Coldcard Mk4, Mk5, and Q Bitcoin hardware wallets on Thursday following a seed-generation flaw that enabled attackers to steal more than $130 million in Bitcoin. The vulnerability, dating to 2021, generated wallet seeds with insufficient r

Blockchain investigator ZachXBT ranked Canada as the worst jurisdiction globally for handling crypto crimes, citing systematic failures by local law enforcement to act on evidence and assist victims. ZachXBT published the ranking on his Telegram channel, placing the UK and India in second and

Blockchain investigator ZachXBT recently published a ranking of the worst jurisdictions for handling crypto crimes, naming Canada as the most problematic country for victims despite its first-world status. The United Kingdom ranks second and India third. ZachXBT cited instances where Canadian law e

Coinkite released new Coldcard firmware on Thursday after a seed-generation flaw dating to 2021 exposed users to more than $130 million in Bitcoin thefts. The company urged Coldcard Mk4, Mk5, and Q users to upgrade to firmware 5.6.1 or 1.5.1Q. The flaw reduced entropy from 128

The Blockchain Association and Crypto Council for Innovation filed a lawsuit on Aug. 21 in Sangamon County Circuit Court challenging Illinois' 0.2% digital asset tax scheduled to take effect Jan. 1. The complaint targets Illinois Department of Revenue Director David Harris, Attorney General Kwame

According to Bitcoin.com News, the Blockchain Association and Crypto Council for Innovation filed a lawsuit on Aug. 21 in Sangamon County Circuit Court to block Illinois' proposed 0.2% digital asset tax. The tax, set to take effect on Jan. 1, 2027, would apply to trades, transfers, and custody

According to BitMart's announcement, the crypto exchange is considering a restructuring plan that combines creditor distributions with phased resumption of certain operations, less than four weeks after announcing its intended shutdown on July 26. The exchange appointed White & Case as restructuring

According to PANews, the Hong Kong Securities and Futures Commission announced on August 22 that it has listed Kong Coins and Kong Fund as suspicious digital token-related investment products. The fund, which the Kong Coins purport to represent stakes in, claims to invest in ancient art and

According to ChainCatcher, Tron founder Justin Sun recently filed a lawsuit against World Liberty Financial, claiming the protocol secretly embedded the ability to freeze user assets without disclosure, governance, or procedural safeguards. The dispute involves $45 million and 4 billion tokens, with

According to News.bitcoin, South Korea's Financial Supervisory Service (FSS) has launched a real-time artificial intelligence platform designed to detect cryptocurrency price manipulation. The system identifies short-term price manipulation tactics by referencing a historical database of known

The United Kingdom's tax agency HM Revenue and Customs sent 81,000 crypto tax warning letters during the past 12 months, according to figures obtained Aug. 20 by accountancy group UHY Hacker Young through a Freedom of Information request. The total increased 25% from approximately 65,000 letters in

According to ChainCatcher, the UK's Her Majesty's Revenue and Customs (HMRC) issued 81,000 warning letters to crypto investors suspected of tax evasion over the past 12 months, up 25% from approximately 65,000 in the prior year. The letters aim to prompt recipients to disclose unpaid taxes before HM

According to BitMart's official statement on August 22, the exchange is launching a potential restructuring plan and has appointed WKL Law Firm as its legal advisor to evaluate phased business recovery options, with further updates promised by September 9. The plan aims to serve as an alternative to

According to the Associated Press, Cambodia's anti-narcotics police and the U.S. Drug Enforcement Administration on Friday dismantled a cryptocurrency laundering network linked to Mexico's Sinaloa cartel, seizing approximately $7 million in related crypto assets. The joint operation also resulted in

South Korea's Financial Supervisory Service launched a real-time artificial intelligence-powered market surveillance system on Aug. 20 to detect price manipulation across cryptocurrency markets. The platform combines generative AI with machine-learning algorithms to monitor thousands of digital