Enforcement Actions

U.S. Treasury Secretary Scott Bessent announced sanctions on multiple wallets linked to Iran as part of President Donald Trump's efforts to increase economic pressure on the country, according to CNN. The move follows Tether's freeze of $344 million in USDT on Tron, which has been linked to

New York Attorney General Letitia James joined a bipartisan coalition of 37 other attorneys general and the District of Columbia on Friday in urging Massachusetts' top court to uphold a preliminary injunction against prediction market platform Kalshi, while the U.S. Commodity Futures Trading Commiss

CFTC4/24 filed a lawsuit against the State of New York in the U.S. Federal Court for the Southern District of New York, arguing that the event contracts are subject to federal exclusive jurisdiction, and seeking a permanent injunction to stop state law from interfering with CFTC-registered entities. The core issue is field preemption; if they win, Polymarket, Kalshi, and others in the U.S. will have compliance and market positioning dominated by the federal framework, and the influence of state law will be weakened.

Fortune reported that North Korea used laptop farms inside the United States, generating about $2.8 billion in revenue over two years to support nuclear weapons; annual tribute is $250–600 million. The U.S. citizen suspects Kejia Wang and Zhenxing Wang were each sentenced to 7.5 years and 9 years, respectively, for involvement exceeding 100 companies and 80 cases of identity theft. North Korea operated in the U.S. using U.S. identities and fixed devices, with funds mostly being converted via cryptocurrencies. Experts warn that an accomplice network still exists inside the country, and companies must strengthen identity verification, address tracking, and time zone/IP analysis.

Gate News message, April 25 — Two Hong Kong women lost a combined HK$9.7 million (US$1.24 million) to crypto scammers over recent weeks, prompting local police to issue a public warning. Hong Kong police reported more than 80 fraud cases in a single week, with total losses exceeding HK$80 million (U

A coalition of major DeFi protocols filed a Constitutional AIP on the Arbitrum forum Saturday morning asking the network's DAO to release roughly $71 million in frozen ETH into DeFi United, the cross-protocol relief effort organized following last week's $292 million Kelp DAO exploit. Aave Labs is l

Gate News message, April 25 — The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to confirm Kevin Warsh as the incoming Federal Reserve chair. On Friday, April 24, U.S. Attorney for the District of

Judge sets tentative retrial date as acquittal motion decision will determine whether case proceeds or ends. Jury deadlock left key charges unresolved, prompting prosecutors to seek retrial on laundering and sanctions counts. Defense argues protocol neutrality and free speech, while prose

U.S. Treasury Secretary Scott Bessent announced that the federal government is sanctioning multiple wallets linked to Iran as part of President Donald Trump's ongoing efforts to increase economic pressure on the country amid an ongoing ceasefire. The move comes a day after Tether froze $344

Gate News message, April 25 — Ben Pasternak, the 26-year-old Australian entrepreneur behind the Solana-based SocialFi platform Believe, was arrested on April 22 and charged with second-degree strangulation and two counts of third-degree assault following an alleged physical altercation with his ex-g

Gate News message, April 25 — The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, removing a key obstacle to Senate confirmation of Kevin Warsh as the incoming Fed chair. On Friday (April 24), U.S. Attorney for the District of Columbia

Gate News message, April 25 — Evan Tangeman, 22, from Newport Beach, California, was sentenced to 70 months in prison on April 24 for his role in laundering $263 million obtained through a massive cryptocurrency fraud scheme. The U.S. District Court in Washington, D.C., imposed the sentence

Gate News message, April 25 — The U.S. Treasury Department sanctioned multiple cryptocurrency wallets linked to Iran on April 24 as part of efforts to increase economic pressure on the country amid an ongoing ceasefire. Treasury Secretary Scott Bessent said the government will "follow the money

## Opening Aave and DeFi United released a detailed recovery plan on April 28 to restore KelpDAO rsETH backing following an April 18 bridge exploit that released 116,500 unbacked rsETH from the Ethereum-side adapter, according to Wu Blockchain. The plan focuses on two key steps: refilling the missi

Gate News message, April 25 — Colombian and U.S. law enforcement agencies have jointly dismantled a transnational cryptocurrency money laundering network linked to Mexico's Jalisco New Generation Cartel (CJNG). The network has transferred over $190 million in illicit funds through crypto channels

Gate News message, April 25 — France's organized crime prosecution office (PNACO) reported that 135 cryptocurrency-related kidnapping or attempted kidnapping cases have been recorded in the country since 2023. Among the 12 cases currently under investigation, 88 individuals have been formally

Brazil has enacted a sweeping ban on prediction markets and betting platforms, according to local media and government filings. The two leading prediction markets, Polymarket and Kalshi, were inaccessible to researchers in the country. Finance Minister Dario Durigan stated that approximately 28 plat

Gate News message, April 25 — A 22-year-old man from Newport Beach, California, Evan Tangeman, has been sentenced to 70 months in federal prison and 3 years of supervised release for his role in a multi-state social engineering crime ring that stole over $263 million in cryptocurrency, according to

U.S. Treasury Secretary Scott Bessent announced on Friday that the federal government is sanctioning multiple wallets linked to Iran as part of President Donald Trump's efforts to increase economic pressure on the country amid an ongoing ceasefire, according to CNN. The action follows Tether's

The U.S. is intensifying its scam center crackdown by targeting Tai Chang money flows and alleged crypto laundering tied to schemes targeting Americans. The actions raise pressure on Southeast Asian fraud networks accused of using online fraud to reach U.S. victims. Key Takeaways: $700M DOJ