Enforcement Actions

The UK High Court recently heard a Bitcoin theft case in which plaintiff Ping Fai Yuen accused his separated wife Fun Yung Li of stealing Bitcoin from his hardware wallet through secret surveillance, valued at approximately $176 million. Audio recordings and search warrant evidence supported the plaintiff's claims. The court maintained the asset freeze order but rejected certain claims. The judge found the plaintiff had an extremely high likelihood of success and recommended expediting the trial date.

U.S. regulators established a framework to classify digital assets into five groups, enhancing jurisdiction clarity. This includes commodities overseen by the CFTC and securities by the SEC, with special treatment for stablecoins and utility tokens based on usage.

Jane Street made a record purchase of 20.6 million shares of silver ETF in the fourth quarter of 2024, becoming the largest shareholder, after which silver prices plummeted nearly 30%, triggering market manipulation suspicions. Although there is no direct evidence supporting this claim, the timing between the position disclosure and the price collapse aligns, sparking discussion. Jane Street has been accused of insider trading but denies the allegations, with its market influence and behavioral patterns remaining under scrutiny.

The FBI's New York field office has warned blockchain users to be vigilant against counterfeit FBI TRC-20 tokens, which are designed to lure victims into providing personal information through intimidation tactics and potentially direct them to phishing websites. The scam involves sending fake tokens to victims' wallets to create the appearance of official law enforcement involvement.

Crypto scammers are increasingly exploiting trusted institutions like the FBI to deceive users, using fake Tron-based tokens and urgent messaging to steal sensitive data while losses across digital asset fraud surge into the billions. FBI Issues Warning Raising Alarm Over Expanding Crypto Scam

U.S. Department of Justice Announces Former LASD Deputy Sheriff Michael David Coberg Sentenced to 63 Months in Prison for Extortion and False Arrest Conspiracy with Incarcerated Crypto Fraudster The U.S. Department of Justice announced on March 16 that Michael David Coberg, a former Los Angeles County Sheriff's Department (LASD) deputy sheriff and helicopter pilot, was sentenced to 63 months in prison by federal court for assisting an incarcerated cryptocurrency fraudster in extortion and false arrest schemes. He was also ordered to pay $127,000 in restitution. Former Police Officer Colludes with "Crypto Godfather," Earning at Least $20,000 Monthly According to a press release from the U.S. Attorney's Office for the Central District of California, 44-year-old Coberg, a resident of Eastvale, pleaded guilty in September 2025 to one count of conspiracy to commit extortion and one count of conspiracy to violate civil rights. Prosecutors stated that Coberg, who was still employed by LASD at the time, secretly worked for 25-year-old Adam, who is currently held in federal custody.

Gemini faces a class action lawsuit from shareholders alleging that the company misled investors about its business viability and concealed its shift to prediction markets, contributing to a significant decline in stock value.

A Nevada court issued a temporary restraining order against Kalshi, preventing it from offering event-based contracts without proper licensing. This reflects growing regulatory scrutiny on prediction markets, which face challenges in classification and regulation, especially concerning gambling laws.

The UK High Court recently heard a Bitcoin theft case in which plaintiff Ping Fai Yuen accused his separated wife Fun Yung Li of stealing Bitcoin from his hardware wallet through secret surveillance, valued at approximately $176 million. Audio recordings and search warrant evidence supported the plaintiff's claims. The court maintained the asset freeze order but rejected certain claims. The judge found the plaintiff had an extremely high likelihood of success and recommended expediting the trial date.

The US FBI's New York office warned blockchain users to be vigilant if they receive TRC-20 tokens claiming to be associated with the FBI, and to avoid disclosing personal information. This scam uses a fake FBI identity to pressure victims into submitting data and directs them to phishing websites in order to commit asset fraud.

The U.S. Department of Justice announced that former Los Angeles Deputy Sheriff Michael David Coberg was sentenced to 63 months in prison and ordered to pay $127,000 in restitution for assisting cryptocurrency fraudster Adam Iza in extortion and false arrest schemes. Coberg, who was employed by the LASD, participated in extorting victims and making false arrests, abusing his authority for personal gain.

Gemini faces a class action lawsuit from shareholders alleging that the company misled investors about its business viability and concealed its shift to prediction markets, contributing to a significant decline in stock value.

Lawmakers and regulators are making progress on crypto policy, with a stablecoin yield proposal anticipated soon. The SEC and CFTC classified most crypto assets as non-securities, designating several as digital commodities.

Gemini cryptocurrency exchange is facing its biggest crisis since its IPO, as it has been accused of providing false information in its listing documents, causing its stock price to plummet 80% and significant losses. The company has announced a 25% workforce reduction and withdrawal from multiple international markets, sparking serious market concerns about its operations. This incident may also impact the listing process of future crypto enterprises.

Companies House has shut down crypto firm Zedxion for submitting misleading information during its incorporation. This action highlights increasing regulatory scrutiny in the digital asset sector and emphasizes the need for compliance and transparency in company registrations.

The UK High Court recently heard a Bitcoin theft case in which plaintiff Ping Fai Yuen accused his separated wife Fun Yung Li of stealing Bitcoin from his hardware wallet through secret surveillance, valued at approximately $176 million. Audio recordings and search warrant evidence supported the plaintiff's claims. The court maintained the asset freeze order but rejected certain claims. The judge found the plaintiff had an extremely high likelihood of success and recommended expediting the trial date.

A class action lawsuit against Gemini Space Station, Inc. and its executives alleges misleading disclosures in its IPO documents, resulting in significant investor losses. Plaintiffs claim the firm concealed key risks amid operational shifts and executive departures.

The FBI warns crypto users of scams involving fake TRON tokens impersonating the agency to steal personal information. Users are urged to avoid these tokens, refrain from clicking links, and report suspicious activity to enhance security in the crypto space.

The UK has initiated dissolution proceedings against Zedxion Exchange due to the provision of false information in its company registration. An investigation revealed that the company was closely related to Iran's Islamic Revolutionary Guard Corps and operated using fictitious identities. This dissolution represents the latest case of the UK strengthening regulatory oversight under new legislation, reflecting the country's efforts in combating sanctions evasion.

The US FBI's New York office warned blockchain users to be vigilant if they receive TRC-20 tokens claiming to be associated with the FBI, and to avoid disclosing personal information. This scam uses a fake FBI identity to pressure victims into submitting data and directs them to phishing websites in order to commit asset fraud.

Argentine lawmakers who probed the Libra incident have vowed to act against Eduardo Taiano, the prosecutor in charge of the case, after information revealed hints at a deeper relationship between President Javier Milei and Mauricio Novelli, an associate behind the token launch. Argentine

The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) released a cryptocurrency asset classification framework, designating XRP as a "digital commodity" and ending a five-year regulatory dispute. Although this news temporarily boosted XRP's price, it subsequently declined due to interest rate policies and market sentiment. The market is focused on the March 27 deadline for XRP ETF applications, which could serve as a new catalyst if approved.

The U.S. FBI recently issued a warning about counterfeit FBI TRC-20 tokens being actively airdropped to user wallets, threatening to freeze assets under the pretext of suspected AML regulation violations to lure users to phishing websites and steal personal information. This scam has escalated through legal intimidation, with crypto fraud losses reaching billions of dollars. The FBI is urging users to remain vigilant and refrain from providing any information to suspicious websites.

Kentucky's HB380 Bill adds Section 33, requiring cold wallet providers to assist users in resetting access credentials. This contradicts the design principles of non-custodial cold wallets, which should not allow third parties to access private keys. This requirement could undermine cold wallet security and force users toward centralized institutions, creating a conflict that contradicts the already-enacted HB701 bill. Additionally, U.S. states are further tightening regulations on cryptocurrency ATMs.

The Korean National Police Agency is developing new digital asset seizure guidelines that for the first time incorporate management of privacy coins and software wallets, aiming to improve the digital asset management system. The new guidelines are designed to enhance professional management of privacy coins and address recent asset custody vulnerabilities. According to reports, the total value of digital assets seized over the past five years reaches approximately 54.5 billion Korean won. The police department plans to select private custodian institutions in the first half of 2026 and establish a more comprehensive digital asset security governance framework.

The U.S. Department of Justice announced that former Los Angeles Deputy Sheriff Michael David Coberg was sentenced to 63 months in prison and ordered to pay $127,000 in restitution for assisting cryptocurrency fraudster Adam Iza in extortion and false arrest schemes. Coberg, who was employed by the LASD, participated in extorting victims and making false arrests, abusing his authority for personal gain.

In brief The FBI said users on Tron are receiving tokens that claim to be from federal law enforcement. The tokens urge recipients to immediately provide personal information or risk sanctions and asset freezes. Although the FBI said it didn’t create the token, agents have used fake token

Lawmakers and regulators are making progress on crypto policy, with a stablecoin yield proposal anticipated soon. The SEC and CFTC classified most crypto assets as non-securities, designating several as digital commodities.

The Algorand Foundation has reduced its workforce by 25% amid market uncertainty, even as the SEC clarified ALGO’s status as a digital commodity. The move reflects a strategic reset rather than a retreat from long-term growth. Layoffs Hit Algorand as Market Pressures Collide With Regulatory

The UK High Court is hearing a Bitcoin theft case in which the plaintiff accuses his wife of stealing 2,323 bitcoins and covertly recording the seed phrase through surveillance equipment. The court found the evidence disadvantageous to the defendant, including recordings and seized devices. While some claims were dismissed, the plaintiff has a very high probability of success, and the court will maintain the asset freeze order.

The Korean National Police Agency is developing new virtual asset seizure management guidelines, incorporating handling of privacy coins for the first time. The new regulations will clarify software wallet management, address virtual asset custody gaps, and improve law enforcement efficiency. Police plan to designate private custodian institutions, while experts recommend establishing a centralized public custody mechanism to reduce risks. This reform has been prompted by recent Bitcoin theft incidents, driving the management system's transition toward the digital asset era.

Polymarket will open a themed bar called The Situation Room in Washington, D.C., offering real-time situation monitoring experiences where customers can track global political, military, and market dynamics. This move has prompted Democrats to introduce the Financial Prediction Market Public Integrity Act of 2026, which aims to regulate insider trading risks. As markets and policy intersect, the neutrality of prediction markets has come under scrutiny.

Canada has increased its action against crypto firms. Reports say dozens of companies linked to crypto are now under pressure. Recent updates claim that up to 50 money services businesses (MSBs) lost their registrations this year. Out of these, many were tied to crypto operations. However,

Former Los Angeles County Sheriff's Deputy Coberg was sentenced to 63 months in prison and ordered to pay $127,000 in restitution for assisting cryptocurrency fraud perpetrator Iza in extortion and false arrest schemes. Coberg allegedly participated in extorting victims and orchestrated a setup to lure him to Los Angeles for arrest, abusing his authority and public power in the process. The case was investigated by the FBI and the Internal Revenue Service.

Taipei has experienced three cryptocurrency robbery cases in a short period of time, with criminal gangs using social media with various tactics to lure victims into meeting to exchange USDT, followed by robbery. Police remind the public that they must conduct transactions through legitimate exchanges to avoid risks. Some criminal organizations have even used AI to create fake accounts to spread false information and mislead the public into participating in illegal transactions.

The FBI warns of rising impersonation scams involving cryptocurrency payments, as fraudsters use urgency and evolving tactics to pressure victims into quick financial decisions and drive increasing financial losses. FBI Warns of Rising Law Enforcement Impersonation Scams A new warning from the FB

Tarek Mansour, CEO of Kalshi, dismissed criminal allegations from Arizona as overreach, asserting the company's operations are not gambling. He emphasized that the legal dispute remains unresolved and that the CFTC has authority, not state regulators.

The FTX Bankruptcy Estate will distribute $2.2 billion to creditors on March 31st, marking the fourth distribution since 2025, with cumulative payouts reaching $10 billion. Compensation is calculated based on cryptocurrency asset values at the time of claim filing in 2022, which has sparked creditor dissatisfaction as actual asset values have risen significantly. Additionally, FTX founder Sam Bankman-Fried faces imprisonment, with speculation about potential pardons. A fifth distribution is planned for 2026.

Argentina has banned the betting platform Polymarket due to its unlicensed gambling activities and concerns about minors' access. This move follows similar actions in Colombia and reflects a broader trend of regulatory enforcement in Latin America and beyond.

The CFTC's decision allows Phantom to connect users to regulated derivatives markets without registering as a broker, viewing it as a passive interface. This sets a precedent for non-custodial wallets, though it comes with compliance requirements and does not cover all crypto derivatives.

Bitcoin Depot faces legal pressures as its stock plummets and revenue forecasts weaken. Connecticut regulators suspended its money transfer license for violations, while lawsuits in multiple states add to the challenges. Revenue increased to $19,283,746,565,748,392.01 million in 2025, but net profit declined, and a 30–40% drop is expected for 2026.

A Buenos Aires court has ordered internet providers to block the blockchain-based prediction market Polymarket nationwide, ruling it operated as an unlicensed online betting platform. The decision also directs Google and Apple to remove the app from local stores. Judicial Ruling and Government

Taipei has recently experienced three cryptocurrency robbery cases, where criminals lured victims into private transactions by claiming zero fees, then robbed them. Police are urging the public to conduct transactions exclusively through legitimate exchanges to protect their personal safety, and warning them to be cautious of illegal solicitation on social media platforms.

The UK High Court is hearing a Bitcoin theft case in which the plaintiff accuses his wife of stealing 2,323 bitcoins and covertly recording the seed phrase through surveillance equipment. The court found the evidence disadvantageous to the defendant, including recordings and seized devices. While some claims were dismissed, the plaintiff has a very high probability of success, and the court will maintain the asset freeze order.

The Korean National Police Agency is developing new virtual asset seizure management guidelines, incorporating handling of privacy coins for the first time. The new regulations will clarify software wallet management, address virtual asset custody gaps, and improve law enforcement efficiency. Police plan to designate private custodian institutions, while experts recommend establishing a centralized public custody mechanism to reduce risks. This reform has been prompted by recent Bitcoin theft incidents, driving the management system's transition toward the digital asset era.

South Korea's National Police Agency is drafting guidelines to standardize the storage and management of seized cryptocurrencies, addressing gaps in custody processes and enhancing oversight for both mainstream and privacy-focused assets. This initiative aims to improve compliance and risk management in digital asset investigations.

Bitrefill experienced a cyberattack linked to North Korea's Lazarus Group, compromising employee credentials and accessing 18,500 purchase records. The company contained the breach, enhanced security, and restored services while remaining profitable despite losses.

Israeli *Times of Israel* military reporter Emanuel Fabian recently disclosed that after reporting on an Iranian ballistic missile that struck an empty field in Beit Shemesh, a suburb of Jerusalem, he faced sustained harassment from bettors associated with Polymarket, including receiving death threats. This incident is particularly striking not only because it involves frontline war reporting and a prediction market with a funding pool exceeding $14 million, but also because it reveals an increasingly acute question: when market participants' profits begin to depend on media narratives, public information, and even violent events themselves, is the prediction market truly "price discovery," or is it creating dangerous incentives for the real world? Why did a frontline report trigger a mob of bettors? "That day, I reported on the *Times of Israel*'s live blog that the missile struck an empty field, with no

A Buenos Aires court ordered telecom regulator ENACOM to block Polymarket nationwide. Apple and Google must remove the app from stores after authorities classified it as illegal gambling. The investigation cited inflation prediction activity and potential access by minors. Argentina

SEC and CFTC introduced a framework classifying tokens into securities, commodities, and digital tools. Regulators said mining, staking, and airdrops do not qualify as securities under federal law. The guidance marks a shift toward clearer rules, with formal proposals expected in coming