Enforcement Actions

According to FinCEN, the U.S. Financial Crimes Enforcement Network identified approximately $12.7 billion in financial activity suspected of being connected to digital asset investment fraud during an analysis period spanning September 8, 2023 through December 31, 2025. The determination was based o

Connecticut Attorney General William Tong and Banking Commissioner Jorge Perez issued a consumer alert Sept. 3 after a Connecticut resident lost $200,000 deposited into an unregulated decentralized finance cryptocurrency exchange. The resident was deceived by someone claiming to know them, and

A 43-year-old cryptocurrency investment company operator was sentenced to 5 years imprisonment and 5 years disqualification by Seoul Central District Court Criminal Division 21 (Judge Jo Sun-pyo) for espionage activities under the National Security Act. A received approximately 660 million won in cr

According to Seoul Central District Court, a 43-year-old virtual asset investment company operator was recently sentenced to five years in prison for violating the National Security Act on charges of espionage. The court found that the man received approximately 666 million won in cryptocurrency

According to Odaily, Connecticut's Attorney General William Tong and Bank Commissioner Jorge Perez issued a consumer alert on September 3 after a resident deposited $200,000 on an unregulated offshore DeFi platform with no recovery. The alert listed seven platforms: GMX, Gains Network, dYdX, Aevo, D

Federal prosecutors and British authorities established a joint framework on Sept. 3 to pursue transnational networks operating cryptocurrency and cyber-enabled investment scams. The cooperation agreement joins the U.S. Attorney's Office for the District of Columbia with the Crown Prosecution

According to Justice Department officials, the U.S. and U.K. established a joint framework on Sept. 3 to pursue transnational networks operating cryptocurrency and cyber-enabled investment scams. The agreement links the U.S. Attorney's Office for the District of Columbia with the Crown Prosecution S

The $SLINK token crashed over 80% following the deletion of a tweet that had linked to its contract address. A post by @shivon that included the $SLINK contract address drew interaction from Elon Musk, pushing the token's market capitalization to $80 million. The crash occurred after the tweet was d

According to The Block, New Jersey Attorney General Jennifer Davenport filed a petition with the U.S. Supreme Court on September 5 to review a Third Circuit Court of Appeals decision in the Kalshi case. In 2025, New Jersey issued a cease-and-desist letter to Kalshi, alleging the company violated

According to Yonhap News, a 34-year-old South Korean man was sentenced to one year imprisonment by Chuncheon District Court on charges of violating the Specific Financial Information Act. Between January and June 2026, the defendant operated an unauthorized virtual asset withdrawal channel on

Washington State Department of Financial Institutions filed charges Sept. 3 against GPD Holdings LLC, doing business as Coinflip, and CEO Benjamin Weiss, seeking to revoke the company's money transmitter license, impose a $1,029,600 fine, and ban both the company and Weiss from the industry. The

According to Bitcoin.com News, Coinflip and its CEO Benjamin Weiss face license revocation and a $1.0296 million fine from Washington state's Department of Financial Institutions (DFI) for violating the Uniform Money Services Act (UMSA), following a 2025 inspection. The DFI cited insufficient

According to FinCEN, the U.S. Treasury Department's Financial Crimes Enforcement Network identified approximately $12.7 billion in cryptocurrency transactions linked to suspected scam operations run by overseas criminal organizations. The figure comes from analysis of more than 33,000 reports

Geyser rejected a crowdfunding project submitted by Cuba Bitcoin, a community fostering crypto adoption in Cuba, citing 'wallet sanction check failed' as the rejection reason. The US-based crowdfunding platform cut off the initiative's access to international Bitcoin funding despite operating as a n

The US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) identified $12.7 billion in cryptocurrency transactions perpetrated by overseas scam centers, according to a report released Thursday. The analysis examined more than 33,000 reports filed between September 2023 and

According to a FinCEN report released Thursday, the US Department of the Treasury's Financial Crimes Enforcement Network identified $12.7 billion in crypto transactions perpetrated by overseas scam operations. Analysis of more than 33,000 suspected crypto scam reports filed between September 2023 an

According to Financial Supervisory Service announcement on September 3, Oceans Corp (operator of cryptocurrency exchange Probit) faced 330 million won in fines and one disciplinary notice for breaching the Virtual Asset User Protection Act. The violations included failing to establish customer

Robinhood has rejected AMC Entertainment's demand to stop trading tokens tied to its stock, with the brokerage's chief legal officer challenging the company to pursue legal action. Dan Gallagher, Robinhood's chief legal, compliance and corporate affairs officer, responded on X to AMC CEO Adam Aron b