Enforcement Actions

According to the European Securities and Markets Authority's latest risk monitor published in September, prediction markets are "rife with inside trading." The regulator cited three episodes: new wallets generated $1.2 million hours before February's strike on Iran; by May, nine linked accounts

According to Bitcoin News, the CFTC's approval of Kalshi's bitcoin perpetuals as futures products has left traders uncertain about how to report gains to the U.S. Internal Revenue Service. If classified under Section 1256 of the U.S. Tax Code, profits would typically be taxed as 60% long-term

Blockstream refused a ransom demand for the remaining 598.5 BTC from the Liquid Network exploit on Friday, saying it would not pay a bounty to recover the stolen funds. The company stated that "taking assets without authorization and withholding their return is a crime, not responsible

According to the U.S. Department of Justice, authorities recently restrained over $52 million in cryptocurrency linked to Xinbi Guarantee, a Chinese-language marketplace accused of facilitating scam operations and money laundering, with proactive assistance from Tether. Two cryptocurrency wallets ho

Albuquerque city council passed an ordinance on Wednesday banning cryptocurrency ATMs and cashier-facilitated virtual currency transactions within city limits. District 1 Councilor Stephanie Telles, who co-sponsored the measure, stated that 90% of crypto ATM transactions in Albuquerque are tied to f

The European Securities and Markets Authority stated in a report published Thursday that the largest prediction market platforms lack the authorization generally required to market and sell event contracts in the EU, while questioning the effectiveness of partial geographic restrictions used by

According to the European Securities and Markets Authority's report published Thursday, the largest prediction market platforms lack the EU authorization generally required to market and sell event contracts in the EU. ESMA questioned the effectiveness of geographic restrictions used by Polymarket a

According to the Financial Services Agency (FSA) of Japan, on September 11, the FSA issued a warning to Bit Hills Inc. for conducting lending business without proper registration. The action is based on the Comprehensive Supervisory Guidelines for Moneylenders and underscores the FSA's commitment to

Blockstream, the Bitcoin infrastructure company behind Liquid Network, announced Friday it will not pay a ransom to recover approximately 598 Bitcoin still held by hackers who exploited the sidechain. The company stated that withholding assets constitutes theft rather than responsible security

According to Tether's official disclosure on September 11, the stablecoin issuer has partnered with law enforcement agencies from 67 countries to address over 2,800 cases globally. These collaborations resulted in the freezing of more than $5.0 billion in assets linked to illegal activities. Tether

Bitcoin Bancorp acquired 2,547 cryptocurrency ATMs from Bitcoin Depot for $620,750 through Chapter 11 bankruptcy proceedings, with some parts of the transaction already closed and the remainder expected to complete over the coming quarter. Bitcoin Depot filed for bankruptcy in May after revenue

According to CNN, Sam Bankman-Fried, former FTX CEO, filed with the US Supreme Court on Thursday seeking to overturn his 2023 fraud conviction and reverse an $11 billion forfeiture order. His lawyers contended that the trial judge improperly excluded evidence suggesting his investments were sound an

According to Pump.fun officials, the platform's iOS mobile app was delisted from the App Store in the U.S. and India on September 11. Existing app users are unaffected and their funds remain secure; the removal only impacts new users attempting to download from these regions. Android users can

According to its statement on September 11, Blockstream will not pay ransom to recover stolen Liquid Network funds, emphasizing that unauthorized possession and refusal to return assets constitutes a crime, not a valid security disclosure. The company stated open-source developers should not be

According to BlockBeats, on September 11, Blockstream refused to pay ransom for approximately 4,000 BTC stolen from Liquid Network, stating that unauthorized asset seizure and refusal to return funds constitutes theft, not responsible disclosure or white hat activity. Blockstream said it will

Sam Bankman-Fried has filed a petition with the U.S. Supreme Court to overturn his fraud conviction and a forfeiture of $11 billion. The petition argues the trial court blocked Bankman-Fried from presenting evidence that FTX and Alameda held sufficient assets to repay customers and that the $11 bill

Sam Bankman-Fried filed a petition with the U.S. Supreme Court to overturn his fraud conviction and the $11 billion forfeiture order, according to reports. The FTX co-founder is currently serving a 25-year prison sentence after being convicted on seven counts of fraud, conspiracy, and money

The Connecticut District Court sentenced 26-year-old California resident Adam Iza to 15 years in prison and three years of probation for participating in the kidnapping of a couple whose son was suspected of stealing hundreds of millions of dollars in bitcoin. The attackers attempted to force the relatives to hand over part of the funds allegedly appropriated by their son. In August 2024, Danbury police arrested six men from Florida on suspicion of carjacking a Lamborghini Urus with a man and wo