Enforcement Actions

Kalshi is introducing a parental portal for identity verification and selfie authentication to prevent minors from bypassing age restrictions. This follows scrutiny over its compliance with prediction market regulations amid ongoing lawsuits.

Authorities in Florida and Massachusetts recovered $5.4 million in cryptocurrency from romance scam-related investment fraud, with victims receiving partial refunds. Ongoing efforts continue against crypto fraud, with additional assets under litigation.

Circle CEO Jeremy Allaire said the company will not proactively freeze wallet addresses unless it receives a court order or law-enforcement requirement. Even amid allegations of hacker money laundering and community backlash, Circle continues to insist on operating under the rule of law. Jeremy Allaire sets Circle’s law-enforcement bottom line ----------------------------- As the global cryptocurrency market surges with uncertainty, Circle’s CEO Jeremy Allaire, at a press conference in Seoul, South Korea, made a clear stance on the market’s most sensitive issue of “asset freezes.” He noted that while Circle has technical means to freeze specific wallet addresses, unless it receives a court order or an official directive from law-enforcement agencies, the company will not

Circle CEO Jeremy Allaire said the company will not proactively freeze wallet addresses unless it receives a court order or a request from law enforcement. Even amid hacker money-laundering disputes and community backlash, Circle still insists on operating in accordance with the rule of law. Jeremy Allaire sets Circle’s law-enforcement bottom line ----------------------------- As the global cryptocurrency market roils, Circle’s CEO Jeremy Allaire, the stablecoin issuer, delivered a clear stance on the most sensitive issue in the market at a press conference in Seoul, South Korea. He pointed out that although Circle has the technical means to freeze specific wallet addresses, unless it receives a court order or a formal instruction from law-enforcement authorities, the company will not take such action on its own.

On April 15, Arkham reported that the attacker who exploited a Bridged Polkadot vulnerability transferred around $269,000 in stolen funds to Tornado Cash, complicating asset tracking.

The OwlPay and Wallet Pro services launched by OdinTing use stablecoin technology to enable B2B cross-border payments, and partner with international payment giants to demonstrate its ambition to expand in the fintech space. By operating from abroad, OdinTing bypasses Taiwan’s regulatory restrictions to provide fast virtual-asset trading. Meanwhile, facing the newly promulgated Virtual Asset Services Act, it is expected in the future to become a reference template for other foreign-invested companies entering the Taiwan market.

Zerion confirmed a recent AI-driven social engineering attack by North Korean hackers, resulting in a $100,000 loss from corporate hot wallets. User funds remain safe, and the company has taken precautionary measures. This follows another significant attack on Drift Protocol.

Circle CEO Jeremy Allaire said that unless it receives a court order or a law-enforcement request, the company will not proactively freeze wallet addresses. Even amid disputes over hackers allegedly laundering money and backlash from the community, Circle remains committed to operating in accordance with the rule of law. Jeremy Allaire sets Circle’s law-enforcement bottom line ----------------------------- As developments surge across the global cryptocurrency market, at a press conference in Seoul, South Korea, Circle’s CEO Jeremy Allaire took a clear stance on the most sensitive issue in the market—“asset freezes.” He noted that while Circle has the technical means to freeze specific wallet addresses, unless it receives a court order or an official instruction from law-enforcement agencies, the company does not

OdinTing’s OwlPay and Wallet Pro services use stablecoin technology to enable B2B cross-border payments, and partner with international payment giants to showcase its expansion ambitions in the fintech space. By operating from overseas, OdinTing bypasses Taiwan’s regulatory restrictions, offering fast virtual asset trading. At the same time, in the face of the newly issued Virtual Asset Service Act, it is expected to become a reference template for other foreign-invested companies entering the Taiwan market.

The Shaoguan branch of the People's Bank of China issued a cryptocurrency risk warning, highlighting illegal activities like money laundering and scams. The public is urged to avoid crypto investments and report suspicious activities.

A U.S. federal district court ruled that Arizona is barred from bringing charges against prediction market platform Kalshi under gambling laws, finding that the Federal Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in regulating financial markets. Kalshi, meanwhile, insists that its business falls under financial products rather than traditional gambling. Rulings by different states on prediction markets have varied, and the Trump family has also voiced support for prediction markets.

OwlPay and Wallet Pro services launched by Odin Ding use stablecoin technology to enable B2B cross-border payments, and they partner with international payment giants to showcase their ambitions to expand in the fintech sector. By operating from overseas, Odin Ding bypasses Taiwan’s regulatory restrictions, offering fast virtual-asset trading. At the same time, in light of the newly issued Virtual Asset Services Act, it is expected to become a reference template for other foreign-funded companies entering the Taiwan market.

A U.S. federal district court ruled that Arizona may not rely on its gambling law to prosecute the prediction market platform Kalshi, finding that the U.S. Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the line between state and federal authority in financial market regulation, while Kalshi maintains that its business is a financial product rather than traditional gambling. Decisions by states on prediction markets have differed, and the Trump family has also expressed support for prediction markets.

Nigeria's tax authority, FIRS, has begun legal proceedings against a centralized exchange for alleged tax evasion related to VAT and CIT on cryptocurrency transactions. The trial is set for April 11, 2025, as questions arise regarding the obligation of foreign entities to comply with local tax laws.

Michael Okoh, co-founder of Thepeer, refuted allegations of missing funds before the company's shutdown, clarifying that claimed investments were never made and funds were fully accounted for. He cited internal governance issues, not fraud, as the problem.

A U.S. federal district court ruled that Arizona cannot use its gambling laws to prosecute the prediction market platform Kalshi, finding that the U.S. Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in financial market regulation, and Kalshi insists that its business is financial products rather than traditional gambling. Rulings on prediction markets vary across states, and the Trump family has also expressed support for prediction markets.

The OwlPay and Wallet Pro services launched by OdinTing use stablecoin technology to enable B2B cross-border payments, and they partner with international payments giants to showcase their ambitions to expand in the fintech space. By operating from abroad, OdinTing bypasses Taiwan’s regulatory restrictions, offering faster virtual-asset trading, while also facing the newly issued Virtual Assets Services Act; in the future, it may become a reference template for other foreign-invested companies entering the Taiwan market.

Farul Fatih Ozer, founder of the collapsed cryptocurrency exchange Thodex, was arrested in Istanbul, facing fraud and money laundering charges. Allegedly fleeing with $2 billion in investor funds, Ozer's case claims significant financial losses and has led to a nationwide cryptocurrency payment ban in Turkey.

A U.S. federal district court ruled that Arizona is prohibited from relying on its gambling laws to prosecute prediction market platform Kalshi, finding that the federal Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in financial market regulation, while Kalshi insists that its business falls under financial products rather than traditional gambling. Rulings on prediction markets vary from state to state, and the Trump family has also expressed support for prediction markets.

Nigeria's SEC, led by Emomotimi Agama, will intensify efforts to tackle naira manipulation in the crypto sector by removing the currency from peer-to-peer platforms. Following previous enforcement actions, industry stakeholders are urging for clearer regulations and a unified policy approach.