Enforcement Actions

Former Ripple CTO David Schwartz defended Tether's decision to freeze $42.4 million in USDT before receiving a formal court warrant, following a lawsuit filed on Aug. 31 by two Thai businessmen in the Southern District of New York. The businessmen alleged that Tether blacklisted 10 Ethereum

New Jersey filed a petition for writ of certiorari with the US Supreme Court on September 2, asking the Court to review a Third Circuit ruling in Flaherty v. KalshiEX, LLC that blocked the state's ability to enforce gambling laws against prediction market operator Kalshi. The Third Circuit ruled on

New Jersey filed a petition for Supreme Court review on September 2 challenging a Third Circuit ruling that strips the state of its ability to enforce gambling laws against prediction market operator Kalshi. The case, Flaherty v. KalshiEX, LLC, hinges on whether CFTC-designated contract markets oper

According to ChainCatcher, CrowdStrike and U.S. federal agencies recently dismantled a Russian-linked malware botnet called Sality that has been stealing cryptocurrency for over eight years. The malware, active since 2003, used a payload called EggJagger to monitor clipboard activity, replacing

Two Thai businessmen filed suit against Tether on August 31 in U.S. District Court for the Southern District of New York, challenging the company's authority to freeze 42,417,785.62 USDT across ten Ethereum addresses without a formal court order. According to the complaint, Tether blacklisted the

According to U.S. Treasury Secretary Bessent on Sept. 2, digital asset-related entities could become targets of new sanctions as the U.S. communicates with parties supporting Iran. Bessent cautioned airlines, shipping companies, and digital asset providers that they may face sanctions, stating the U

The U.S. Justice Department has seized more than $560,000 in cryptocurrency that authorities say was intended for Hamas, while also taking control of websites, domains and servers used to raise funds and recruit supporters. The operation, announced Sept. 1, marks another major U.S. effort to

The U.S. Justice Department and cybersecurity firm CrowdStrike announced Tuesday they disrupted Sality, a peer-to-peer botnet that has operated since 2003. For the past eight years, the botnet's primary function was deploying EggJagger, a clipjacking tool that replaced cryptocurrency wallet

According to CrowdStrike and the Justice Department, Sality, a peer-to-peer botnet operating since 2003, was dismantled on Tuesday (September 1) after eight years of stealing cryptocurrency through the EggJagger clipjacker tool. The malware monitored victims' clipboards and replaced cryptocurrency w

Two Thai businessmen filed a lawsuit against Tether on August 31 in the U.S. District Court for the Southern District of New York over the freezing of approximately $42.4 million in USDT. Nutthawat Rukthammachalern and Natthawat Kasamvilas allege that Tether blacklisted 10 Ethereum addresses

According to a FinanceFeeds report, two Thai businessmen filed a lawsuit against Tether on August 31 over the freezing of approximately $42.4 million in USDT, alleging the stablecoin issuer blocked their tokens following an informal request from U.S. Homeland Security Investigations without a

Injective and Ontology both experienced block production halts around August 31 due to separate security incidents affecting the two Layer-1 networks, with an exploit on Injective estimated to have extracted approximately $4.9 million. Injective stopped producing blocks for roughly three hours and 4

According to News1, South Korea's Digital Asset Exchange Association (DAXA) recently identified four undeclared foreign virtual asset firms suspected of operating in the country and has requested police investigations. The entities include virtual asset exchanges Big One and

U.S. Treasury Secretary Scott Bessent announced in an Aug. 30 Associated Press interview that the Treasury plans to sanction another bank this week as part of Operation Economic Outcast targeting Iran-linked financial networks. The Financial Crimes Enforcement Network (FinCEN) proposed a rule on Aug

Kalshi and Polymarket saw their combined volume decline in August, marking the first month-over-month drop in a year. According to The Block's data dashboard, the combined monthly volume at Kalshi, Polymarket and Polymarket US fell 14.5% in August to $45.33 billion, the first decline since August 20

Two Thai businessmen have filed a lawsuit against Tether in U.S. District Court for the Southern District of New York, alleging that approximately $42.4 million in USDT was frozen without a warrant or court order based on requests from U.S. authorities, specifically Homeland Security

According to Thai SEC, the Securities and Exchange Commission filed a complaint against application service providers Holdstation and UNO on September 2 for operating digital asset brokerage without authorization. Effective October 1, 2026, access to information from these entities will be

According to an official statement, Fogo's mainnet has restarted and is operating normally following a theft incident. Out of 400 million FOGO tokens stolen, 237 million have been recovered and permanently removed from the total supply. The project is collaborating with centralized exchanges and

In the Nizhnetavdinsky District of Tyumen Region, Russian police uncovered a large cryptocurrency mining farm run by a family with many children. The operators disguised their cryptocurrency mining as household electricity consumption and paid the preferential rate available to large families. Criminal cases were opened against six local residents under the statute concerning property damage. Law enforcement officers and energy specialists from Gazprom Energosbyt Tyumen uncovered a scheme involv