Enforcement Actions

According to BlockBeats, on June 2, approximately $220 million of the $292 million stolen in the April Kelp DAO cross-chain bridge attack has been essentially laundered, with the attacker's original address now holding only around $1.7 million in remaining assets. On-chain analysis shows the

According to Bits.media on June 1, a joint operation by the Federal Security Service of Russia (FSB), the police, and power companies seized an illegal cryptocurrency mining farm deployed with about 10,000 mining machines in an abandoned industrial plant area in Nizhny Tagil and the neighboring Kushva area in the Sverdlovsk Oblast. Local power companies estimate that the losses caused by this illegal electricity use are close to 1 billion rubles. Criminal Method: Tampering with Power Meters and

According to Odaily, Serenity recently discovered a bot farm comprising dozens of accounts that spread false information about SIVE over the past few days. The accounts previously participated in marketing activities for Asian projects including Alchemy Pay or were newly purchased X platform account

Zama, the privacy encryption company, has lifted the freeze on its confidential USDC contract (cUSDC) that was frozen as of May 31. Previously, Circle carried out a blacklist operation overnight against the cUSDC contract address pursuant to a federal court order, freezing a USDC pool worth $12.6 million. The trigger was a civil dispute between Overnight Finance’s founder and OVN token holders. Freeze Trigger Mechanism: A Single Disputed Depositor Locks the Entire Contract Pool Circle maintains

According to Zama founder Rand, a U.S. court has vacated a temporary restraining order (TRO) that froze the cUSDC contract holding $12.5 million in USDC assets. Zama's systems have fully resumed normal operations, and the company plans to launch the cUSDC product later this

According to Zama founder Rand, a U.S. court has lifted the freeze on Zama's cUSDC contract on June 2, and all systems have returned to normal. The contract was frozen last Friday without prior notice in connection with a dispute involving Overnight Finance, another protocol, rather than targeting Z

According to The Defiant and blockchain analysis firm Arkham Intelligence, nearly all $220 million in unfrozen funds from the Kelp DAO cross-chain bridge attack have been laundered. The attacker's wallet now holds approximately $1.7 million, down from the original theft amount. The funds were

A federal judge dismissed Swan Bitcoin’s entire lawsuit against Proton Management Ltd. and its employees on June 1, 2026, after Swan admitted in parallel UK proceedings that it never owned the mining assets and trade secrets at the center of its claims. Key Takeaways: A federal judge dismissed

The U.S. Securities and Exchange Commission has sued a Texas entrepreneur it says raised $12.3 million from about 150 investors by promising profits from artificial-intelligence trading bots that did not exist. Key Takeaways: The SEC says Nathan Fuller raised $12.3 million from roughly 150 in

According to Treasury Secretary Scott Bessent, the US has seized approximately $1 billion in cryptocurrency connected to Iran. Bessent disclosed the action during remarks at the 2026 Reagan National Economic Forum, stating that authorities had taken possession of crypto wallets linked to Tehran

Decryt reported on May 31 that US President Trump signed an executive order named “restoring the integrity of the US financial system,” tasking the Treasury Department and other federal regulators to consider issuing rules to strengthen fraud screening and risk management related to services provided to undocumented immigrants, pushing undocumented immigrants toward cryptocurrencies or shadow financial systems. Nicholas Anthony, a researcher at the Cato Institute, said the order effectively auth

According to reports, New York State Supreme Court received a lawsuit in March seeking to establish ownership of over 3.7 million Bitcoin across 39,069 dormant addresses, valued at approximately $274 billion. The plaintiffs, including an individual identified as Noah Doe and two unnamed Wyoming

Elliptic chief scientist Tom Robinson published an article on May 19 at the Royal United Services Institute (RUSI), a UK think tank, saying that global online scam losses in 2025 will reach as much as $442 billion. Robinson called out Telegram’s core operational venues for underground markets, while Tether’s USDT serves as a main cross-border payment tool. Confirmed transaction data for the three major underground markets Robinson’s article named three major underground guarantee transaction pla

The DOJ’s record bitcoin forfeiture case has renewed scrutiny of global scam compounds tied to crypto fraud, trafficking, and organized crime. Authorities sought forfeiture of 127,271 BTC, worth about $15 billion. Key Takeaways: Authorities sought forfeiture of 127,271 BTC in a case

According to The Block, the SEC sued Nathan Fuller, founder of Privvy Investments LLC, on May 31 for operating a cryptocurrency fraud scheme worth $12.3 million. Fuller solicited approximately 150 investors across nine U.S. states and two foreign countries between October 2022 and mid-2024,

Treasury Secretary Scott Bessent stated Friday at the 2026 Reagan National Economic Forum in Simi Valley, California that the U.S. government has seized approximately $1 billion worth of cryptocurrencies from entities linked to Iran's military since the war broke out in February. The seizures

According to Treasury Secretary Scott Bessent, the U.S. government seized approximately $1 billion in cryptocurrencies from entities linked to Iran's military on Friday at the 2026 Reagan National Economic Forum in California. Bessent told Fox Business Network that the U.S. "just outright grabbed th

Alex Mashinsky, founder and former CEO of defunct crypto lending platform Celsius, filed a motion to vacate his 12-year prison sentence in the District Court for the Southern District of New York. The handwritten motion cites ineffective counsel and conflicts of interest as grounds for relief,