Enforcement Actions

U.S. Senator Richard Blumenthal wrote to Cantor Fitzgerald Chairman Brandon Lutnick on Oct. 9, asking the company to explain its relationship with Stablecoin issuer Tether. According to Blumenthal, Howard Lutnick has gained more than $250 million since Trump returned to the White House. Blumenthal’s Inquiry Requirements Based on the requests made by Blumenthal in the letter, Cantor Fitzgerald must provide the following information: Tether compliance monitoring mechanisms: Explain how Cantor moni

According to the verdict handed down by a federal jury in the Southern District of New York on October 7, following a six-day trial, 36-year-old cybersecurity consultant Jonathan Spalletta was found guilty on all charges related to his two attacks on the DEX Uranium Finance on BNB Chain, stealing nearly $55 million in total. Some of the stolen funds were converted into high-value collectibles, including Pokémon cards. Spalletta Attacked Uranium Finance Twice According to prosecutors’ statements

Rahim Hamilton, co-founder of dark-web marketplace Empire Market, received a 40-year prison sentence and $5 million fine on Oct. 5 from a federal court in Chicago. The US Attorney's Office for the Northern District of Illinois announced the sentencing on Oct. 7. Hamilton pleaded guilty in January to

According to Hong Kong Securities and Futures Commission (SFC), Finanx AI (also known as Finanx Technology Limited) has been added to the unlicensed company list on October 9. The company may have promoted FNXAI and 1FNXAI tokens to investors in Hong Kong and claimed high returns from investing in t

US investment bank Cantor Fitzgerald faces investigation from Senate Democrat Richard Blumenthal over its partnership with stablecoin issuer Tether, with the senator demanding records on compliance monitoring and financial benefits to Commerce Secretary Howard Lutnick's family. In a letter sent

According to ChainCatcher citing the U.S. Department of Justice, Raheim Hamilton, co-founder of the darknet marketplace Empire Market, was sentenced to 40 years in federal prison on October 5 in Chicago. He was fined $5 million and agreed to forfeit approximately 1,230 Bitcoin, 24.4 Ether, and

According to BlockBeats, on October 9, U.S. Senate Permanent Subcommittee's top Democrat Richard Blumenthal called on investment bank Cantor Fitzgerald to explain its relationship with Tether, the world's largest stablecoin issuer. In a letter to Cantor CEO Brandon Lutnick, Blumenthal alleged that b

According to CoinDesk, Senator Richard Blumenthal, a senior Democrat on the Senate investigation team, has sent a letter to Cantor Fitzgerald CEO Brandon Lutnick requesting information about the financial relationship between the stablecoin issuer Tether and the financial services company. Cantor F

Coinbase Financial Markets has agreed with the Michigan Gaming Control Board to stop offering new sports-related event contracts to Michigan customers by midnight Eastern Time on October 10, with all remaining open positions required to close by the same deadline. The agreement stems from a

According to Michigan Gaming Control Board, Coinbase Financial Markets has agreed to stop offering new sports-related event contracts to Michigan residents by midnight Eastern Time on October 10. All remaining open customer positions must also be closed by the same deadline. Michigan has agreed

Netflix released a trailer Thursday for an eight-episode series about the collapse of cryptocurrency exchange FTX, centered on former CEO Sam Bankman-Fried and Caroline Ellison, who headed sister company Alameda Research. The series, set for release on Nov. 19, stars Anthony Boyle as Bankman-Fried a

According to ChainCatcher, Netflix is releasing an eight-episode series on November 19 about the FTX collapse, centering on former CEO Sam Bankman-Fried and Alameda Research head Caroline Ellison. Anthony Boyle portrays Bankman-Fried, and Julia Garner plays Ellison.

According to ChainCatcher and Bitcoin News, on September 25, the U.S. Circuit Court of Appeals for the District of Columbia upheld the conviction of Bitcoin Fog founder Roman Sterlingov. Federal prosecutors cited the ruling to support prosecuting Tornado Cash defendant Roman Storm in New York,

According to The Block, the UK sanctioned Cryptomus, Heleket, and TokenSpot in its latest action against Russia-linked entities allegedly evading sanctions. According to TRM Labs, TokenSpot transferred over $950 million to sanctioned exchanges Grinex and Garantex, as well as to the Kremlin-backed A7

Pseudonymous GTA VI leaker Cyberleek returned this week and today shared 25 minutes of gameplay footage showing protagonist Jason and partner Lucia in various states of undress while continuing to promote their crypto token $CYBERLEEK. The leaker first published GTA VI footage on August 18 to

According to ChainCatcher, the UK imposed sanctions on Cryptomus, Heleket, and TokenSpot on October 8 in action against entities allegedly evading sanctions. TokenSpot transferred over $950 million to sanctioned exchanges Grinex and Garantex, as well as the Kremlin-backed A7

Revolut will cover the cost of replacing identity documents for customers affected by a data exposure that sent information belonging to 680 clients to hackers posing as Italian authorities. Béatrice Cossa-Dumurgier, Revolut's CEO for Western Europe, said the company has been assisting affected cust

According to the U.S. Attorney for the Southern District of New York, Jonathan Spalletta was convicted on October 7 of computer fraud and money laundering over two 2021 hacks of decentralized exchange Uranium Finance that stole over $50 million. The 36-year-old from Rockville, Maryland faces up to 1

South Korea's Financial Services Commission will examine whether financial institutions were involved in the KOK Coin scandal, which caused about $1.88 billion in losses. FSC Chairman Kim Byoung-hwan made the remarks during a parliamentary audit by the National Assembly's Political Affairs

According to The Block, on Oct 8, Kishu Inu founder Alexander Sisemore was charged with three counts of wire fraud related to a $9 million rug pull scheme. Prosecutors allege that Sisemore made false representations to investors while secretly dumping tokens that were allocated to him at the