enforcement

According to the ruling of the United States Court of Appeals for the Second Circuit, the court denied the request for an injunction by Coinbase Financial Markets and Kalshi during the appeal period. The related cases involve the enforcement of prediction markets in Connecticut and New York.The court is simultaneously hearing three appeals, which involve the case against Coinbase in Connecticut, as well as the cases against Kalshi in Connecticut and New York. The judges stated that the applicants failed to demonstrate the necessity of issuing an injunction during the appeal period; the ruling did not make a decision on the substantive issues of the appeal and did not require the platforms to cease trading or close existing positions.

According to Cointelegraph, Kraken has restricted accounts related to a suspected theft of over $133 million in cryptocurrency assets involving an unnamed institution in Europe, and is cooperating with law enforcement to recover the funds. Kraken stated that this incident did not originate from its platform, its security systems were not breached, and customer accounts were not compromised.Previously, on-chain investigator ZachXBT discovered that the suspected stolen amount increased by an additional $27 million from the previously disclosed $106 million. Bitquery data shows that approximately $62.98 million in stablecoins was exchanged for 27,553 ETH within about 4 hours. Kraken, Crypto.com, and OKX have all been reported to be involved in the related fund flows, with Crypto.com taking measures to prevent the related funds from being transferred through its platform, while OKX stated that it is investigating.As of the reporting time, approximately $78.3 million remains in wallets associated with the attackers, while about $30.5 million has been transferred out. The identity of the victims and ZachXBT's speculation about a large financial institution in Western Europe being attacked and attempting to cover up the incident have not been confirmed.

Binance founder Zhao Changpeng posted on the X platform that U.S. law enforcement agencies, including the FBI, the United States Secret Service (USSS), and the Internal Revenue Service (IRS), provided crucial assistance in the Binance theft incident, including tracking and freezing funds.Zhao Changpeng stated that a single tweet cannot fully express his gratitude, and many cryptocurrency users may not realize that "the reason Bitcoin did not drop more" is largely due to their efforts.Previously, the FBI confirmed that North Korea was behind the theft of over $6 billion from Binance.

Binance co-founder Zhao Changpeng stated that the Federal Bureau of Investigation (FBI), the United States Secret Service (USSS), and the Internal Revenue Service (IRS) provided significant assistance in the Binance theft incident, including tracking and freezing assets.Zhao Changpeng expressed gratitude to the relevant agencies and believes that their work is one of the important reasons why Bitcoin did not decline further.Previously, the FBI stated that North Korea is responsible for the theft of over $6 billion in virtual assets from Binance and, along with the USSS and IRS Criminal Investigation Division, observed that the attackers primarily exchanged the stolen assets for ETH.

According to a report by Reuters citing informed sources, Binance is cooperating with law enforcement agencies around the world, including the Federal Bureau of Investigation (FBI) and the United States Secret Service (USSS), to investigate the theft of approximately $6.3 billion in cryptocurrency.The U.S. Embassy in London stated that it would not comment on the matter, and the United States Secret Service has not yet responded to requests for comment.

On October 27, the Enforcement Directorate (ED) Bangalore branch conducted searches at three locations in Bangalore and one location in Madhya Pradesh under the Foreign Exchange Management Act (FEMA), investigating unauthorized cross-border cryptocurrency fund transfers involving amounts exceeding 50 billion rupees (approximately 525 million USD).The investigation involves platforms such as Mudrex, Saber.money, and Instadapp (associated with Fluid). The ED's preliminary investigation found that the entities in question are suspected of using offshore tax havens to set up shell companies, bypassing the cross-border remittance channels authorized by the Reserve Bank of India (RBI) through stablecoins (especially USDT, USDC) and large-scale over-the-counter transactions.Among them, the relevant entities conducted cryptocurrency trading through offshore exchanges such as Binance, Bybit, and Huobi, and transferred funds abroad. The ED's preliminary investigation found that the amount allegedly violated by the entities related to Instadapp is approximately 40 million USD.

The Solana Accelerate China team announced on October 16 that due to logistical considerations regarding the venue, the event originally scheduled for that morning in Shanghai has been postponed, with the specific time to be confirmed and communicated to registered attendees. The official apology for the hasty adjustment was issued, and attendees are asked to pay attention to notifications and emails from Luma.According to on-site sources, law enforcement personnel were stationed at the Shanghai Shangri-La Hotel, and participants were blocked from entering the venue for over an hour. The team has not provided further details regarding the specific reasons for the postponement or the new event arrangements.

The Federal Bureau of Investigation (FBI) reported that the losses associated with the scam center have reached 1.7 billion dollars. During the same period, law enforcement actions conducted in West Africa resulted in the arrest of 28 individuals.The Department of Justice (DOJ) stated that during a week-long coordinated law enforcement operation, law enforcement agencies removed over 3.7 million online accounts, pages, and groups, and identified over 11 million dollars in funds that could potentially be frozen.

According to a report by Mobile Payment Network, regarding some payment platforms that are registered only as financial technology companies without obtaining any financial category licenses, the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, stated that appropriate enforcement actions will be taken as necessary under the relevant statutory regulatory framework to maintain financial stability and protect the rights and interests of customers and the public.According to the Hong Kong Payment Systems and Stored Value Payment Instruments Ordinance, unless a statutory exemption is obtained, anyone who issues or operates stored value payment instruments in Hong Kong without a license is committing an offense. If cases of suspected unlicensed operation or violations of the Payment Ordinance are discovered, the Monetary Authority will intervene directly and will collaborate with other relevant regulatory agencies depending on the nature of the case, and will refer the case to law enforcement agencies if necessary.

According to The Block, the Blockchain Association and the Crypto Council for Innovation filed a preliminary injunction motion on September 9 in the Sangamon County Circuit Court in Illinois, requesting to halt the new cryptocurrency tax in the state before it takes effect. This summer, Illinois Governor J.B. Pritzker signed the Digital Asset Tax Act, which proposes a 0.2% tax on digital asset transactions, set to take effect in January 2027.Previously, the two associations, along with the Digital Chamber, filed a lawsuit against the state in August. In a 34-page motion, the organizations stated that the tax is unprecedented and has caused "irreparable harm" to industry members, and that if the bill takes effect, it will force businesses to comply hastily without clear guidance, facing the risk of criminal penalties. They also pointed out that the law violates the Illinois Constitution by implementing differential taxation on digital assets and contravenes the federal Internet Tax Freedom Act, which prohibits discriminatory taxes on e-commerce. The Illinois Governor's office has not yet responded to requests for comment.

Spain's largest cryptocurrency exchange Bit2Me announced the establishment of an independent company Bit2Shield (registered name CryptoShield S.L) to assist courts, police, and financial institutions in tracking, seizing, storing, and selling cryptocurrency assets. This department will support investigators in extracting wallet data, locating cryptocurrency assets, and issuing digital signature forensic reports that can be used in court, while also being responsible for fraud investigations, source of funds verification, and providing training for police, judges, and banks.This move formalizes the work Bit2Me previously conducted for public institutions. In 2025, Bit2Me handled seized cryptocurrency assets worth 1.5 million euros (approximately 1.74 million dollars) for Interpol, Europol, and the Spanish police, using blockchain analysis company Chainalysis to track the assets. Bit2Shield will store seized assets in cold wallets that require multiple signatures and arrange for their sale when ordered by authorities, with proceeds transferred to government bank accounts in euros.Bit2Shield is part of Bit2Me's expansion from retail trading to banking and public institution infrastructure, with investors including Bankinter, Unicaja, Cecabank, Telefónica, and Tether. Since Bit2Shield focuses on investigations, forensics, and training, it is not considered a cryptocurrency service provider under the EU's Markets in Crypto-Assets Regulation (MiCA); any operations involving the exchange of cryptocurrency for euros will be handled by Bitcoinforme S.L., an entity authorized by the Spanish securities regulator MiCA under Bit2Me.

The G20 finance ministers and central bank governors held a meeting in Asheville, USA, from August 31 to September 1, supporting the establishment of a clearer regulatory path for the growth of digital assets and including digital assets in the U.S. 2026 presidential agenda. The G20 stated that digital financial innovation can support broad economic growth, with the private sector playing an important role in driving relevant innovations.The meeting also highlighted global stablecoins, cross-border payments, and the extended operation of large payment systems as key topics, and supported the adoption of the ISO 20022 data standard. The G20 called on the Financial Action Task Force (FATF) to prioritize jurisdictions with significant virtual asset activities and to strengthen the enforcement of anti-money laundering standards. As of July, among the 149 jurisdictions assessed by the FATF, only 1 fully complied with the relevant standards, 34% were largely compliant, 43% partially compliant, and 22% non-compliant.

realtrumpcoins issued a statement claiming that the news regarding the launch, promotion, or authorization of Trump Coins to issue digital tokens is "completely false," and the related information is a malicious act by a third party.The statement emphasized that Trump Coins has never authorized any digital tokens and will not launch, promote, or authorize any digital tokens in the future. Currently, it is cooperating with relevant law enforcement agencies to investigate this matter and seek accountability from those involved.Earlier reports indicated that the meme coin GOLD was created on Solana yesterday at 7:38, with the related address controlling over 82% of the tokens through token distribution and purchases after the launch. Around 9 o'clock, the merchandise collaboration account @realtrumpcoins1 tweeted containing the GOLD contract address, causing the token's market value to briefly surge to $66 million.Around 11:48, the tweet was deleted, and the related address immediately began to sell off its holdings. The market value of GOLD plummeted from $55 million to $1 million in about 30 seconds, after which the scam operators continued to sell off their tokens, ultimately selling all their holdings and accumulating a profit of approximately 9784.6 SOL (about $1.01 million).

According to the Associated Press, drug enforcement agencies from Cambodia and the United States announced on Friday that they have dismantled a cryptocurrency money laundering network utilized by the Sinaloa drug cartel from Mexico.The operation was conducted in collaboration between Cambodian drug enforcement police and the U.S. Drug Enforcement Administration, seizing approximately $7 million in cryptocurrency related to the Sinaloa drug cartel, arresting multiple individuals, and confiscating assets, drug production laboratories, and storage facilities.

According to Digital Asset, on August 20, members of the Korean National Power Party, including Yoon Tae-yong, proposed an amendment to the Specific Financial Information Act, which aims to grant the Financial Intelligence Unit (FIU) direct enforcement authority over unreported virtual asset service providers.According to the amendment, anyone can report illegal activities to the FIU. Upon receiving a report or discovering suspected violations, the FIU can initiate investigations and analyses, and refer the case to or notify investigative authorities. The proposal points out that while current laws impose reporting and anti-money laundering obligations on virtual asset service providers, there are no direct enforcement measures against unreported operators, posing risks of money laundering and illegal cross-border transfers, making it difficult to respond quickly relying solely on inter-agency coordination.

The U.S. Securities and Exchange Commission (SEC) announced the establishment of a new Financial Reporting and Accounting Unit within its enforcement division, specifically responsible for investigating financial reporting fraud and violations in the accounting and auditing fields. David Woodcock, head of the SEC's enforcement division, stated that the new unit will enhance the SEC's ability to combat misconduct in the accounting and auditing industry, focusing on financial fraud cases and related securities law violations.The unit will consist of lawyers and accounting professionals and will collaborate with other SEC divisions to conduct investigations and enforcement actions. The SEC indicated that the new unit will be led by Timothy Zimmerman. Zimmerman joined the SEC in May 2026, having previously worked for 12 years at an international law firm, most recently serving as the Deputy General Counsel of an international accounting and professional services firm.

U.S. District Judge Jed S. Rakoff in New York has denied the emergency temporary restraining order application filed by the Commodity Futures Trading Commission (CFTC), which aimed to stop the state of New York from advancing its enforcement case against the prediction platform Kalshi. The judge found that the CFTC failed to demonstrate a likelihood of success on the merits of its case and did not prove the existence of irreparable harm. However, the denial was made "without prejudice," allowing the CFTC to refile the relevant motion by August 7.New York Attorney General Letitia James filed a lawsuit against Kalshi last Friday, accusing it of operating an illegal unlicensed prediction business by offering contracts on events such as sports and elections. The state of New York had issued a cease-and-desist order to Kalshi as early as October 2025. The core dispute in this case revolves around whether federal commodity law takes precedence over state law—state authorities believe that event contracts are predictions subject to state law, while the CFTC and Kalshi argue that they are derivatives under the exclusive jurisdiction of the CFTC.

According to Sifted, the EU's Artificial Intelligence Act officially entered a new enforcement phase this week, with regulators beginning to require companies to label AI-generated content and fulfill disclosure obligations when users interact with AI technology. This move marks a key step for the EU in the field of AI regulation, with fines of up to 3% of annual global turnover for non-compliant companies.The scope of the act is broad, covering various forms of AI-generated content, including images, videos, and text. Analysts point out that the implementation of this enforcement will place substantial pressure on the compliance systems of tech companies operating in the EU, and companies need to quickly improve their relevant disclosure mechanisms to meet regulatory requirements.