Enforcement Actions

According to Odaily and Caixin, in a second supplementary indictment by Bashan Procuratorate, Lu Jun, former vice president of National Development Bank Shanghai Branch and deputy president of CDB Finance, faces new bribery charges involving 12.18 million CNY in benefits received jointly with

Rossen Iossifov, a 53-year-old Bulgarian national currently serving 111 months in federal prison for laundering nearly $5 million in cryptocurrency, has been charged with conspiring to move $290,000 in court-ordered forfeited cryptocurrency while incarcerated. Prosecutors allege he executed the

According to a Department of Justice statement, Rossen Iossifov, a 53-year-old Bulgarian national already serving 111 months for money laundering, has been charged with conspiring to transfer $290,000 in cryptocurrency that a court had ordered him to forfeit. Prosecutors allege he executed the trans

According to co-founder Aaluxx, THORChain's vault rotation (churn) is now paused until v3.20 ships due to a consensus bug discovered during churning. The recent exploit stemmed from three chained older bugs that, individually harmless, became exploitable when triggered in sequence. One of five vault

According to The Block, the U.S. Department of Justice indicted Bulgarian national Rossen G. Iossifov, a federal inmate, for illegally transferring approximately $290,000 in cryptocurrency that had been seized and forfeited by the U.S.

According to Caixin, Lu Jun, former vice president of China Development Bank's Shanghai Branch and later head of the National Integrated Circuit Industry Investment Fund, faces bribery charges exceeding 700 million yuan. In a supplementary indictment from the Baishan Procuratorate, prosecutors

The Brazilian Federal Police executed Operation Veil of Maya on Monday, targeting 87 shell companies involved in an illegal betting ring that used cryptocurrency to launder and redirect gambling funds abroad. The operation included 9 search-and-seizure orders in São Paulo, Ribeirão Preto, Porto

According to the Brazilian Federal Police, on Monday authorities executed Operation Veil of Maya, targeting 87 shell companies involved in illegal gambling and money laundering. The ring used cryptocurrency to transfer betting funds abroad, evading taxes in the underground gambling market. Nine

Democratic Senator Elizabeth Warren has maintained strong opposition to the CLARITY Act, calling the crypto market structure bill 'a ticket to sanctions evasion' as currently drafted. Her concerns echo warnings from Richard Nephew, a former special envoy for Iran and director for Iran at the U.S.

Circle, the USDC stablecoin issuer, faces a misdemeanor criminal complaint filed by Wisconsin prosecutor Thomas Binger over alleged non-compliance with a December warrant to seize 381,000 USDC stolen in a romance-investment scam. The warrant directed Circle to invalidate frozen tokens in a suspect's

According to an ICIJ report, Wisconsin prosecutor Thomas Binger charged Circle with refusing to comply with a December court warrant aimed at recovering 381,000 USDC stolen in a romance-investment scam. The warrant directed Circle to invalidate

North Carolina enacted Senate Bill 257 on July 7, with Governor Josh Stein signing the legislation as part of the state's 2026 budget bill. The bill explicitly recognizes the Commodity Futures Trading Commission's exclusive federal regulatory authority over prediction markets, allowing

According to Protos, prosecutors in Wisconsin and New York expressed frustration on July 10 over Circle's refusal to cooperate in recovering stolen funds. Law enforcement agencies had repeatedly requested that Circle destroy and reissue USDC tokens to help fraud and hacking victims recover losses,

According to CNBC on July 9, citing people familiar with the matter, Goldman Sachs and JPMorgan have banned their employees from trading prediction market contracts related to certain events, elections, financial markets, macroeconomic data, and geopolitical forecasts for their bank’s specific events. The move came after Google employees were accused of using internal Google data to trade on Polymarket, with profits of about $1.2 million. Michele Spagnuolo case: Google employee insider trading p

According to Bloomberg, on July 10, imprisoned Bulgarian criminal Rossen Iossifov, founder of RG Coins, faced new charges of allegedly transferring $290,000 in seized cryptocurrency without authorization, obstructing asset forfeiture and abetting money laundering. Iossifov was convicted in 2021 of l

According to CNBC, Goldman Sachs has banned employees from trading prediction market contracts related to the bank's own events, elections, financial markets, macroeconomic data, and geopolitics. Morgan Stanley, JPMorgan Chase, and Bank of America are implementing or updating similar policies in

According to The Block on July 10, the White House sent a letter to Senate leadership rebuting Democratic criticism over the Trump administration's failure to appoint CFTC commissioners. The CFTC currently has only one commissioner in office—Republican chair Michael Selig—out of five authorized

According to Daejeon District Prosecutors' Office, a cryptocurrency fraud case involving coin 'A' resulted in 7.1 billion won in losses from investors deceived by false promises of listing on April 28, 2023. The coin had no actual trading volume and prices were artificially manipulated to appear

The White House has denied allegations that the Trump administration is blocking Democratic commissioner nominations to the SEC and CFTC, stating it has already requested Democratic recommendations for the vacancies. According to a White House letter to Senate leaders, the administration said it "ha

According to the International Consortium of Investigative Journalists (ICIJ), Circle has been charged criminally by Wisconsin prosecutors after refusing to comply with a court order to transfer frozen stablecoins to law enforcement. A Wisconsin victim lost approximately 381,000 USDC through