Enforcement Actions

According to CySEC's October 2 warning, the Cyprus Securities and Exchange Commission flagged six trading domains—arongroups.co, growellcapitals.com, fanorenki.de, nevald-ki.io, xyvotrades.com, and ambrosiafx.com—stating they do not belong to entities authorized to provide investment or

According to PANews, ZachXBT on October 2 questioned UPay over alleged white-label Visa crypto card services provided to Xinbi, a sanctioned entity. The crypto researcher called on UPay CEO Owen Yang to clarify the relationship between the two parties. Neither UPay nor Owen Yang has publicly

According to ChainCatcher, the U.S. Treasury Department's Office of Foreign Assets Control has designated the Russian shadow banking network A7 as a major transnational criminal organization, listing its operations in Russia, Kyrgyzstan, Nigeria, and Zimbabwe. The Financial Crimes Enforcement

The U.S. Treasury designated Russia's A7 Network a transnational criminal organization on Thursday, with the Office of Foreign Assets Control listing addresses in Russia, Kyrgyzstan, Nigeria and Zimbabwe. The Financial Crimes Enforcement Network separately proposed a rule prohibiting U.S.

According to The Block, NEAR Intents General Manager Alex Shevchenko announced today, October 2, that the team has identified the entity responsible for a $3.8 million exploit and has given them 48 hours to return the funds. Shevchenko stated: "You should know the rules of responsible disclosure

According to The Block, the U.S. Treasury on October 2 designated the network behind the ruble-backed A7A5 token as a major transnational criminal organization. The Treasury stated that A7A5 was created to evade sanctions and conduct international transactions, and linked the A7 network to Iran's

According to Decrypt and European law enforcement, Spanish authorities arrested a 16-year-old Romanian suspect in Alicante on suspicion of being the administrator and main operator of the KillSec ransomware gang. Two men in their twenties were also arrested in the UK and Romania, while an 18-year-ol

Spanish police arrested a 16-year-old Romanian national in Alicante on September 30, suspected of being the main operator and administrator of the KillSec ransomware group, as law enforcement across Europe seized the group's servers and leak site and secured at least 110 terabytes of stolen data, Eu

According to BlockBeats, on October 2, U.S. Federal Judge Jennifer L. Rochon dismissed a class action lawsuit against Libra organizer Kelsier Ventures, DeFi platform Meteora, and developer Benjamin Chow, rejecting the plaintiffs' request to file a revised complaint. The dismissed claims included

Judge Jennifer Rochon of the US District Court for the Southern District of New York dismissed a class action lawsuit against Kelsier Ventures and decentralized finance platform Meteora related to the LIBRA meme coin, Bitcoin.com reported on October 2. The court found that conduct related to LIBRA o

The U.S. Treasury's Office of Foreign Assets Control designated entities linked to the A7 financial network today, targeting a Russia-connected cross-border payments operation accused of facilitating sanctions evasion and moving over $17 billion in transactions. The network, associated with

Korea Financial Research Institute submitted a report to the Financial Services Commission late last year recommending limited permission for order book sharing in virtual asset markets. The report, titled '2nd Phase Legislation and Stablecoin-Related Anti-Money Laundering (AML) System

The US Treasury Department sanctioned the A7 Network on October 1, designating the Russia-linked shadow financial system as a significant transnational criminal organization. The Office of Foreign Assets Control imposed the designation while the Financial Crimes Enforcement Network proposed a rule t

According to the U.S. Department of Treasury, on October 1, the A7 Network has been designated as a "significant transnational criminal organization" linked to Russia and exploited by Iran for sanctions evasion. The Financial Crimes Enforcement Network will prohibit fund transfers involving A7 Netwo

According to NEAR Intents' general manager Alex Shevchenko, the protocol identified the individual responsible for Thursday's $3.8 million security breach on Friday, giving them 48 hours to return the stolen funds under responsible disclosure terms. Shevchenko shared three wallet addresses on X

According to the Hong Kong Securities and Futures Commission, on October 2, the regulator added FNXAI token and 1FNXAI token to its list of suspicious digital asset-related investment products. The products claim to enable investors to automatically trade U.S. stocks and other financial

According to ChainCatcher, China's Ministry of State Security issued a statement today accusing overseas entities of using cryptocurrencies for espionage and money laundering activities, emphasizing that crypto transactions are not anonymous. Meanwhile, Singapore's crypto economy grew 55.4% to $284

Seo Won-bin, a Chainalysis investigator, stated on October 1st at Grand Walkerhill Seoul that domestic cryptocurrency money laundering in South Korea is estimated at 2 to 3 trillion won. He explained that using domestic exchanges results in detection and that overseas exchanges do not prevent

According to Chainalysis investigator Seo Won-bin speaking on October 1, South Korea's cryptocurrency money laundering scale is estimated at 2–3 trillion won, with no safe haven in using overseas exchanges. "Even with overseas exchanges, the source of laundering can be traced," Seo said, noting