Enforcement Actions

Schiff Flags Legal Risks in STRC Promotion Peter Schiff criticized Strategy’s recent advertisement and questioned its portrayal of financial outcomes linked to STRC stock. He argued that the campaign presents an overly optimistic lifestyle narrative tied to investment performance, and that such mes

The city council of Haverhill, Massachusetts is set to consider a ban on cryptocurrency ATMs following a proposal for an ordinance introduced on March 17.  According to Haverhill City Council’s agenda, the government body is scheduled to review a crypto ATM ordinance introduced by Mayor Melinda

A Singapore court has ordered crypto figures Wang Lei and user "web3feng" to cease defamatory statements targeting Curve contributor Wang Haoming following online accusations related to a 2025 DeFi exploit. They must pay approximately $1,900 in compensation.

Singapore orders to stop disputes related to the Resupply hack in the crypto smear war A court in Singapore has ordered OneKey founder Wang Lei and a user on X to end threatening and defamatory accusations aimed at a collaborator involved with Curve, after a dispute

The U.S. prediction market industry faces legislative pressure amid rapid expansion, with monthly trading volume rising from $1.2 billion to $20 billion. Six bills are being advanced by Congress, covering contracts that would prohibit insider trading and related sensitive events, while multiple states have filed lawsuits against the relevant platforms and regulation is tightening.

U.S. Senators Bill Cassidy and Cynthia Lummis introduced a new “American Mining Act,” aimed at promoting domestic Bitcoin mining, reducing reliance on Chinese equipment, and incorporating a Bitcoin strategic reserve into the legal framework. The bill establishes a mine certification system, encourages local equipment manufacturing, and emphasizes the role of encrypted mining infrastructure. As competition in science and technology between the U.S. and China intensifies, mining has become a new focus, and the U.S. is accelerating regulation of relevant Chinese companies.

A Maryland man has been charged with exploiting vulnerabilities at Uranium Finance, resulting in a $54 million loss. Prosecutors allege he hacked the platform, laundered the funds through high-value collectibles, and could face decades in prison.

Payments giant Stripe’s Bridge Ventures Inc. is facing public backlash over a transaction involving 12 trucks with Venezuelan companies, with outside observers raising questions about its compliance. Although Bridge denies involvement in the deal and says it may have been a paperwork error, the recipient party and its sensitive background make the situation more complicated, highlighting the compliance challenges that stablecoin businesses face during global expansion.

Crypto firms Archblock, TrustToken, and TrueCoin have filed for bankruptcy due to financial devastation after Techteryx failed to pay invoices and was defrauded by an Eastern European criminal group. The company has also been involved in multiple legal disputes, facing tax issues and high-risk investment losses, highlighting potential risks in the stablecoin industry.

At least 42 Democratic lawmakers have written the US commodities regulator and the US Office of Government Ethics, demanding that it warn federal employees not to use inside knowledge to trade in prediction markets. The letter, addressed to Commodity Futures Trading Commission Chair Mike Selig and

The U.S. Securities and Exchange Commission withdraws its charges against Justin Sun, sparking congressional concerns about regulatory transparency and independence. Senators are asking for an explanation of the reasons behind this decision, questioning whether enforcement is influenced by external factors. The incident could change the U.S. crypto regulatory landscape and affect market confidence.

A Chainalysis report says that organizations such as Russia and Iran use cryptocurrencies to buy low-cost drones and parts, and use blockchain transparency to trace the flow of funds. The Russian side raised $8.3 million for drone procurement, while Iran found transaction records between its Revolutionary Guards and a Hong Kong supplier. The report emphasizes that blockchain can reveal evidence of sanctions violations and promote compliant oversight of cryptocurrencies.

A Maryland man, Jonathan Spalletta, has been charged with hacking decentralized exchange Uranium Finance in 2021, stealing over $50 million. He faces counts of computer fraud and money laundering, allegedly using proceeds for high-end collectibles.

Maryland resident Jonathan Spaletta was arrested for two hacking incidents against Uranium Finance in 2021, with losses exceeding $54 million. Spaletta faces charges of computer fraud and money laundering, with a maximum sentence of 30 years. The stolen funds were converted into collectibles such as Pokémon cards and Ancient Roman coins, showing his money-laundering method. Victims have not been compensated to date, and the case is still ongoing.

The US has charged a hacker behind the Uranium Finance breach, which caused $53 million in damages. The defendant faces up to 30 years in prison for fraud and money laundering charges.

SBF alleges that U.S. District Judge Lewis Kaplan of the Southern District of New York has a bias, and asks that he recuse himself from presiding over the case, saying Kaplan’s conduct and comments were improper and citing Delaware judges’ recusal precedents.

The US District Court approved a $500,000 consent order against Peken Global Limited, operator of KuCoin, for trading violations without proper registration. This marks a shift toward a more measured regulatory approach in the cryptocurrency sector.

A U.S. senator is putting pressure on the SEC over Justin Sun and the departure of the head of enforcement The matter, which centers on the departure of the former head of enforcement at the U.S. Securities and Exchange Commission (SEC), continues to heat up Washington, as a group of U.S. senators asks the agency to clarify those

More than 40 U.S. Democratic lawmakers have urged strengthening insider-trading oversight for government employees engaged in trading on prediction markets, pointing to multiple suspicious cases showing abnormal betting behavior. In the letter, they call on the CFTC and OGE to issue guidance to ensure compliance with existing laws. This move is also linked to efforts to advance legislation related to digital-asset regulation, emphasizing synchronized progress between regulatory oversight and judicial review.

The identity of FTX founder Sam Bankman-Fried’s bail guarantors has been made public. It includes former dean of Stanford Law School Larry Kramer and research scientist Andreas Paepcke, and the total bail amount is $250 million. SBF faces multiple fraud charges, and the case is still pending.