Enforcement Actions

According to 2424.mg, on October 26, Madagascar transferred 49 Chinese nationals convicted of cryptocurrency fraud to China for continued imprisonment. The group included 40 men and 9 women. Since September, Madagascar has cumulatively transferred 148 individuals. In August and September,

According to on-chain analyst Specter, North Korean hackers moved approximately $38 million through Relay Protocol within seven hours as of November 1, with transfers still ongoing. Despite Relay's claims of having a Know Your Transaction (KYT) monitoring system in place, the protocol failed to

North Korean hackers moved approximately $38 million through Relay Protocol in seven hours, on-chain analyst Specter reported Nov. 1 via Wu Blockchain. The transfers occurred despite Relay Protocol operating a Know Your Transaction (KYT) monitoring system designed to detect and block illicit fund

According to COINOTAG, on October 31, the US Treasury sanctioned 10 individuals and one entity through the Office of Foreign Assets Control (OFAC) for allegedly helping North Korean IT workers assume false identities at legitimate companies and convert their cryptocurrency wages into cash for the re

According to onchain investigator Specter, addresses associated with North Korea transferred over $38 million through Relay cross-chain bridge in 7 hours on October 31. The transfers are ongoing.

According to on-chain sleuth Specter, North Korea bridged $38 million through RelayProtocol Bridge over 7 hours and continues transferring additional funds, despite the protocol's active KYT (Know Your Transaction) system. Specter's monitoring data indicates that Relay's KYT defenses failed to

The U.S. Department of Justice announced indictments resulting from Operation Ghostbusters, an investigation into a student loan fraud scheme involving stolen identities and AI technology. Fraudsters used AI to complete loan applications and simulate online class attendance, funneling proceeds to

According to the U.S. Department of Justice, Operation Ghostbusters has resulted in the indictment of five individuals in a widespread student loan fraud scheme. Criminals used stolen identities and AI to create fake online college attendance records and fraudulently obtain federal student loans, wi

According to the Shenzhen Intermediate People's Court official WeChat account, on October 26, the court disclosed a criminal case involving virtual assets valued at over 2.58 million yuan.

Two Texas brothers, Raymond Christian Garcia and Isiah Angelo Garcia, were sentenced to 15 and 15.5 years in federal prison on October 29, 2026, for kidnapping a Minnesota family at gunpoint and forcing the transfer of more than $8 million in cryptocurrency. U.S. District Judge Donovan W. Frank

According to the U.S. Attorney's Office for the District of Minnesota, two Texas brothers were sentenced on October 29 to 15 and 15.5 years in federal prison for kidnapping a Minnesota family at gunpoint and forcing transfers of more than $8 million in cryptocurrency. Raymond Christian Garcia

South Korea's Financial Services Commission (fsckorea) and the Digital Asset Exchange Joint Council (DAXA) requested the blocking of domestic access to websites and apps of 2 out of 3 identified illegal virtual asset operators. The action aims to protect users and prevent money laundering