Enforcement Actions

According to OFAC on May 2, the U.S. Treasury Department's Office of Foreign Assets Control warned that payments demanded by Iran from passing vessels for safe passage through the Strait of Hormuz—including fiat currency, digital assets, barter transactions, physical goods, or donations to Iranian R

Warren and Wyden wrote to Lutnick and Tether’s Ardoino, requesting related documents regarding a loan from Dynasty Trust A to Lutnick’s children. The loan is secured by trust assets, with consideration consisting of Cantor Fitzgerald convertible bonds and Tether 5% equity call options, to be disclosed the day after Lutnick sells his shares to his children. The core question is the source of funds and whether any involvement with government regulation would affect it, creating a conflict of interest. If there is no response by 5/13, it could impact the outlook for U.S. listing and the GENIUS Act.

Senators Elizabeth Warren and Ron Wyden sent letters to Commerce Secretary Howard Lutnick and Tether CEO Paulo Ardoino asking about a loan Tether reportedly made to Lutnick's family.

South Korea's Seoul Administrative Court Second Administrative Division granted Bithumb, one of the country's largest cryptocurrency exchanges, a temporary stay of execution on April 30, halting a six-month partial business suspension imposed by regulators. According to the court ruling, the suspens

## Senate Resolution Passes Unanimously U.S. senators are now barred from trading on prediction markets following the unanimous passage of S. Res. 708 on Thursday, according to the Senate Press Gallery. The measure became "effective immediately" and amends the Senate's standing rules, which govern

According to Bloomberg, Democratic Senators Elizabeth Warren and Ron Wyden sent a letter this week to Commerce Secretary Howard Lutnick and Tether CEO Paolo Ardoino questioning whether Tether made a loan to a family trust benefiting Lutnick's children to help them purchase his stake in Cantor Fitzge

According to the FBI, Europol, and Interpol, on April 30, 276 individuals were arrested across 14 countries in "Operation Ghost Chain," a coordinated law enforcement effort targeting organized cryptocurrency fraud syndicates. The operation dismantled infrastructure for "drainer-as-a-service"

By last week, Eric Trump was no longer shown on the leadership page of Alt5 Sigma Corp. (now AI Financial, NASDAQ: ALTS), the Las Vegas-based company tied to World Liberty Financial Inc., the Trump family's crypto venture. His name had appeared on the company's website as recently as March, when he

## Drift Theft Operation North Korean-state-backed spies conducted an in-person operation targeting cryptocurrency platform Drift to drain $285 million, according to reports. The operation involved months of direct engagement with the target. ## Broader North Korean Cyber Threat According to a se

According to The Block, Polymarket has enlisted Chainalysis on Thursday to help police insider trading and market manipulation as the prediction market seeks to raise $400 million at a $15 billion valuation and gain approval from the Commodity Futures Trading Commission to relaunch in the U.S. marke

The U.S. Senate passed S. Res. 708 unanimously, immediately banning senators and their staff from trading in prediction markets such as Polymarket and Kalshi to eliminate insider-trading risk. The resolution follows a case in which members of a special forces unit used military secrets to bet on the market and earned about $490k, and the self-regulatory pledge has been upgraded into law. The House of Representatives and the executive branch, as well as state laws, may become the next focus.

According to BlockBeats, Sichuan police arrested a fraud suspect in late April after breaking a cryptocurrency investment scam that defrauded a victim of 3.46 million yuan. The victim, Yang, was lured into investing in a fake virtual currency project by online contact Deng Mouhui starting in

According to TRM Labs, North Korean hackers stole approximately $577 million in cryptocurrency during the first four months of 2026, accounting for roughly 76% of all global cryptocurrency losses year-to-date. The figure highlights a strategic shift by elite units such as the Lazarus Group toward hi

According to the Senate Press Gallery, U.S. senators are now barred from trading on prediction markets following the unanimous passage of S. Res. 708 on Thursday. The measure, introduced by Sen. Bernie Moreno (R-Ohio), amends the Senate's standing rules and became effective immediately. The ban add

According to Caixin, lawyer Peng Jing, founding partner and director of Chongqing Jingsheng Law Firm, was taken away for investigation on May 1, reportedly linked to former Chongqing mayor Hu Henghua and Luo Lin, Chongqing's party committee member and Liangjiang New Area party chief, according to

According to security intelligence research firm analysis, North Korean-state-backed hackers drained $285 million from Drift through an extended in-person operation in 2026. The hackers account for 76% of all crypto scam and hack losses this year and have stolen $6 billion

Democratic Senators Elizabeth Warren and Ron Wyden sent a letter this week to Commerce Secretary Howard Lutnick and Tether CEO Paolo Ardoino questioning a reported loan made by Tether to a family trust where Lutnick's four children are beneficiaries. The senators expressed concern that the loan, mad

According to a Global Ledger investigation published in April 2026, Grinex, a sanctioned cryptocurrency exchange operating out of Kyrgyzstan, was drained of approximately $13.7 million and immediately suspended operations. Grinex had emerged in March 2025 as an apparent successor to Garantex, a

According to an investigation by independent media outlet Proekt, Russian oligarchs and state-owned banks have been profiting from a multi-billion-dollar shadow financial system using cryptocurrency to circumvent Western sanctions. The system processes around $2 billion in daily foreign trade and ha

According to Bloomberg reporting this week, Democratic Senators Elizabeth Warren and Ron Wyden pressed stablecoin issuer Tether and Commerce Secretary Howard Lutnick over a reported loan made by Tether to a trust where Lutnick's four children are beneficiaries. In their letter to Lutnick and Tether