Enforcement Actions

According to Lee Reiners, a lecturing fellow at Duke University and former Federal Reserve Bank of New York examiner, World Liberty Financial's WLFI token may constitute an unregistered security, in a blog post on Friday. Reiners argues

According to Lee Reiners, a lecturing fellow at Duke University and former Federal Reserve Bank of New York examiner, World Liberty Financial's WLFI token may constitute an unregistered security, as argued in a blog post on Friday (May 8). Citing the SEC's recent token taxonomy, Reiners notes that W

According to Crypto.news, Australian New South Wales police seized 52.3 Bitcoin, valued at approximately $4.1 million USD (570 million Australian dollars), in an enforcement operation targeting dark web markets on May 9. The seizure represents one of the largest cryptocurrency asset confiscations in

According to Pi Network DEX, on May 9, 2026, Pi Network's Core Team removed WorldBanksPi, a top-ranked DApp in the Pi Browser with over 140,000 users, without advance notice or appeal process. The project was identified as a Ponzi-style operation marketing false valuations and deposit-to-earn

According to a report by The Straits Times on May 9, Singapore’s National Court judge Wang Qinru made a ruling on May 8 in the case of the defendant, Zhang Rongxuan (35, phonetic transliteration), sentencing him to six years and ten months in prison. Zhang Rongxuan, a former captain in the Naval Diving Unit’s elite diving unit, was found to have, while a friend was out, entered the apartment, photographed the cold wallet seed phrases, and later stole 1.7 million USDT held by the friend. Criminal

On May 8, Lee Reiners, a lecturer at the Duke University School of Law and a former examiner at the New York Federal Reserve Bank, said in a blog post that World Liberty Financial, a decentralized finance agreement closely connected to the Trump family, may have issued unregistered securities, and that the WLFI token should fall under scrutiny by the U.S. Securities and Exchange Commission (SEC). Reiners’ Core Analysis: The Howey Test and WLFI’s Legal Characterization According to Reiners’ blog

According to The Straits Times, a former Singapore naval officer, Zhang Rongxuan (35), was sentenced to 6 years and 10 months in prison for stealing 1.7 million USDT (approximately SGD 2.3 million) from a friend's cold wallet. Zhang, a captain in the Naval Diving Unit, admitted that financial

According to ChainCatcher, a 35-year-old former Singapore Navy captain, Zhang Rongxuan, was sentenced to six years and ten months in prison for stealing 1.7 million USDT (approximately 2.3 million Singapore dollars) from a friend's cold wallet. The defendant, who held the rank of captain in the

On May 9, the Estonian Financial Supervisory Authority (FSA) issued an investor warning regarding BB Trade Estonia OÜ (which operates the Zondacrypto digital asset exchange), stating that Zondacrypto did not publish the whitepaper for the “TeamPL” crypto token on its website, in violation of Article 9(1) of the EU Markets in Crypto-Assets (MiCA) regulatory framework. MiCA Non-Compliance Details and Official FSA Warning from Estonia According to the FSA’s official warning, Zondacrypto did not pub

According to Reuters, British sprinter and former world champion Chijindu Ujah was arrested on suspicion of cryptocurrency fraud and released on bail. Ujah is among 10 people detained by the UK's National Crime Agency; seven were granted bail by magistrates and will appear in court on May 28, all

On May 8, the People’s Court of Haidian District, Beijing, disclosed a “doxxing” case involving virtual currency. Between 2023 and 2025, the defendants Lin and Wang illegally obtained citizens’ personal information data through online channels such as encrypted communication tools, and sold it for profit using virtual currency payment. According to the court’s judgment, the two defendants illegally obtained more than 900 million records of citizens’ personal information. Lin was sentenced to 7 y

According to Beijing Haidian District People's Court, a defendant was recently sentenced to 7 years in prison and fined 70,000 yuan for illegally obtaining over 900 million pieces of personal information through encrypted communication channels. The defendant built a "social engineering database"

According to Bitcoin.com’s report on May 9, stablecoin issuer Tether has filed a lawsuit with the São Paulo court in Brazil, seeking repayment of a $300 million defaulted loan by Titan Holding, a company under the Master Group. The loan was issued in March 2025, with a scheduled repayment date of March 28, 2026, but Tether has not received any repayment to date.

According to Polish media Onet Wiadomości, Zondacrypto, a recently collapsed European crypto exchange, has left customers with losses exceeding $100 million. The exchange's CEO Przemysław Kral and the actual operator, a man known as "Maniek," are reportedly hiding in Dubai. Kral had been

According to Lee Reiners, a lecturing fellow at Duke University and former Federal Reserve Bank of New York examiner, World Liberty Financial may have issued an unregistered security, despite the project's claims that

Taiwan authorities have reportedly indicted a television anchor accused of accepting Tether USDT stablecoin payments in exchange for producing and distributing pro-China political messaging. Prosecutors allege the arrangement was designed to exploit cryptocurrency's cross-border efficiency and

According to The Guardian, British sprinter CJ Ujah, who won gold in the 4×100m relay at the 2017 World Athletics Championships, was charged on May 8 as one of 10 suspects in a conspiracy to commit fraud linked to a cryptocurrency scam investigation. The suspects allegedly operated as an

According to the US Justice Department, a coordinated operation between the FBI, Dubai Police Department and Chinese Ministry of Public Security led to the arrest of at least 276 individuals and dismantled nine cryptocurrency investment scam centers on April 29. The operation targeted operators

According to ChainCatcher, Australian New South Wales police seized 52.3 Bitcoin (approximately $4.1 million) and arrested 2 suspects in connection with illegal dark web market operations in Ingleburn, Sydney, following a 15-month investigation. The cryptocurrency is suspected to be proceeds from

The US accuses Super Micro’s co-founder and other involved parties of planning to load Nvidia chips onto US servers, smuggling them into China after being routed through Taiwan and then re-packaged by Thailand’s OBON Corp. The scheme involves at least $2.5 billion, with shipments exceeding $500 million from April 2025 to mid-May. Alibaba is supplying to multiple Chinese end customers. The DOJ indicted three people involved in the case starting in March, and Alibaba denied involvement.