Enforcement Actions

According to The New York Times investigation published on May 24, 2026, senior staff at the U.S. Commodity Futures Trading Commission were sidelined, suspended, or pushed out after raising concerns about crypto and prediction market firms linked to allies of President Donald Trump, including

According to a House Financial Services Committee report released in December 2025, at least 30 crypto and tech founders lost banking access during Operation Chokepoint 2.0 between 2022 and 2024. The FDIC issued pause letters to approximately 24 banks, requesting they halt crypto-related services

Opening A New York lawsuit filed May 1 by Noah Doe and two Wyoming-based LLCs—ABC Company and XYZ Company—is seeking a court order declaring ownership of 39,069 dormant Bitcoin addresses, raising a legal test over whether inactive coins can be treated as abandoned property under traditional law.

According to onchain analytics sources, a New York lawsuit filed on May 1 by Noah Doe and two Wyoming-based LLCs is seeking a court order declaring ownership of 39,069 dormant Bitcoin addresses. The addresses reportedly hold an estimated 3.7 million BTC, valued at approximately $285 billion,

Indonesia has blocked access to the crypto-based prediction market platform Polymarket after the site opened a betting market on whether President Prabowo Subianto would leave office before his term ends in 2029. Key Takeaways: Indonesia’s Ministry of Communication and Digital Affairs blocked

ASIC warned the public of the rising number of crypto scams leveraging social media ads and messaging platforms. A survey found that these scams mostly target Gen Z. The Australian Securities and Investments Commission (ASIC) recently released a notice warning consumers of the growing use of soci

According to Bitcoin journalist Joe Nakamoto, France recorded 41 cryptocurrency-related kidnappings so far in 2026, representing roughly one case every two and a half days and accounting for approximately 70% of known global wrench attacks. Wrench attacks refer to physical violence, kidnapping,

According to SolanaFloor, law firm Fenwick & West reached a preliminary $54 million settlement agreement with former FTX clients in a class-action lawsuit alleging it assisted Sam Bankman-Fried in perpetrating billion-dollar fraud. The firm denied any wrongdoing in the settlement. However, Fenwick &

According to Cointelegraph, on May 1, plaintiff Noah Doe and two Wyoming limited liability companies filed a lawsuit in New York seeking court recognition of ownership over 39,069 dormant Bitcoin addresses under New York's unclaimed property law. The lawsuit targets addresses associated with

Indonesia's Communications and Digital Ministry blocked access to Polymarket on Friday after a bet on the possible early end of President Prabowo Subianto's tenure circulated widely on social media. The government classified the prediction market as a form of online gambling. The ministry stated that platforms facilitating wagers on specific event outcomes remain classified as gambling, even when packaged as "prediction markets." Government Enforcement Action The government will also track socia

Opening France has emerged as a global concentration point for physical cryptocurrency extortion attacks, commonly known as wrench attacks, according to recent investigative reports and law enforcement data. A wrench attack is defined as a scenario where bad actors bypass cryptographic defenses

According to Odaily and Cointelegraph, prediction market platform Kalshi announced support for establishing Americans for Fair Markets, a new lobbying organization, and appointed Taylor Budowich, former deputy White House chief of staff under the Trump administration, as strategic advisor. The organ

According to an investigation report cited by CCN on May 23, FIFA announced on April 2 that it had designated ADI Predictstreet as the official prediction market partner for the 2026 World Cup. Before the ADI Predictstreet announcement, it was largely unknown in the prediction market industry, in contrast to established brands such as Polymarket and Kalshi. Background of ADI Predictstreet: Links to Abu Dhabi and a Partnership with DAZN The ADI Foundation is a blockchain project headquartered in

On May 24, the Indonesian Ministry of Communications and Digital Affairs officially blocked the Polymarket website. Alexander Sabar, Director of the Directorate for Digital Space Regulation, said Polymarket’s activities involve betting and speculation on uncertain events, violating Indonesian law. Its business model is fundamentally online speculation rather than a prediction market. The government is also tracking Polymarket’s community social media accounts to ensure full access control. Legal

A report released on May 21 by the Free Market Foundation criticized the draft’s provisions on private property and privacy. On April 17, South Africa’s National Treasury published a draft Capital Flow Management (CFM) regulations aimed at replacing the foreign exchange control regulations introduced in 1961. The draft includes provisions such as mandatory reporting of crypto holdings, mandatory surrender of crypto keys, and the ability to search, seize, and copy data without a search warrant. K

According to Bitcoin.com News, on May 24, the Silicon Valley law firm Fenwick & West LLP (the former chief outside counsel to FTX) agreed to pay $54 million to settle the federal class action lawsuits filed by former FTX clients. The settlement agreement has been submitted to the U.S. District Court for the Southern District of Florida and is pending final approval by U.S. District Judge K. Michael Moore. Settlement Terms: 120-Day Escrow Period and Court Approval Process Under the agreement term

According to a New York Times investigation, CFTC career officials were removed on May 25 after questioning three crypto companies linked to Trump: Polymarket, Cryptocom, and Gemini Titan. Acting CFTC Chair Caroline Pham and senior legal advisor Brigitte Weyls intervened to help the companies

According to The Block, FTX's former law firm Fenwick & West agreed to pay $54 million to settle fraud-related claims on Friday (May 22). Auditor Prager Metis agreed to contribute $11.75 million, and former Miami Heat player Udonis Haslem, who promoted FTX, will pay $0.42 million. The combined settl