Enforcement Actions

Kraken's parent company Payward has filed a lawsuit against Etana and its CEO alleging $25 million in crypto custody fraud. According to the allegations, client funds were misused, commingled, and concealed in what Payward characterizes as a "Ponzi-like" scheme that unraveled amid a liquidity

On May 4, 2026, World Liberty Financial filed a defamation lawsuit against Justin Sun, accusing the TRON founder of launching a public campaign against the company after it restricted access to his WLFI tokens. Sun had filed his own lawsuit on April 21, claiming the company unlawfully froze his

The Democratic People's Republic of Korea has denied allegations of state-sponsored cryptocurrency theft, even as blockchain intelligence firm TRM Labs reported that DPRK-linked actors stole approximately $577 million in the first four months of 2026. A spokesperson for the regime's Foreign Ministry

According to a Reuters investigation published Friday, Nobitex, Iran's dominant crypto exchange with roughly 11 million users handling about 70% of the country's crypto activity, was founded by brothers Ali and Mohammad Kharrazi, whose family is related by marriage to all three of Iran's supreme

On May 1, the U.S. District Court for the Southern District of New York issued a restraining order prohibiting the disposition of 30,766 ETH (about $71 million) prior to the bifurcated hearing, to be used for DeFi United’s compensation program. The ETH source was the April KelpDAO cross-chain bridge hack; after it was frozen by the Arbitrum Security Committee, it was incorporated into DAO governance. The compensation was funded through fundraising such as Aave. The plaintiff claims the hacker is linked to North Korea’s Lazarus Group, and the court ordered that the matter be decided again at the bifurcated hearing.

According to The Block, Andreessen Horowitz filed an 18-page comment letter to the Commodity Futures Trading Commission on Friday, supporting the federal regulator's push against state-level prediction market restrictions. The VC firm argued that cease-and-desist letters and proposed bans by state r

According to on-chain detective ZachXBT, PolyArb is a fraudulent prediction market product with wallet-draining code embedded on its website. The project's account has also engaged in controversial replies under posts from established prediction market platforms to drive traffic and attract users, a

According to CCTV, Iran's Islamic Consultative Assembly Deputy Speaker Ali Nikzad announced in recent remarks that the Strait of Hormuz will not return to pre-war conditions. Parliament will approve a 'Strait of Hormuz Administration Law' that includes permanently banning Israeli vessels from the wa

According to a Reuters investigation published Friday, Nobitex, Iran's dominant crypto exchange, was founded by brothers Ali and Mohammad Kharrazi, members of an elite political family tied by marriage to all three of Iran's supreme leaders. The brothers registered the company in 2018 alongside CEO

Venture capital firm Andreessen Horowitz submitted an 18-page comment letter to the Commodity Futures Trading Commission on Friday, supporting federal oversight of prediction markets and opposing state-level regulatory actions. According to the letter, actions taken by state regulators against predi

On May 1, lawyers for terrorism victims served Arbitrum DAO with a restraining notice barring movement of 30,766 ETH (~$71.1 million) that the Arbitrum Security Council froze on April 20 after tracing the funds to addresses controlled by the Kelp DAO exploiter, according to The Block. The plaintiffs

According to The Block, on May 1, lawyers representing North Korea terrorism creditors served a restraining notice on Arbitrum DAO, preventing the release of 30,766 ETH (~$71.1 million) that the Arbitrum Security Council froze on April 20 following the Kelp DAO exploit. The notice names Arbitrum DAO

According to a Reuters investigation published Friday, May 2, Nobitex, Iran's dominant crypto exchange with roughly 11 million users, was founded by brothers Ali and Mohammad Kharrazi, members of a family related by marriage to all three of Iran's supreme leaders. The brothers registered the company

Families holding decades-old judgments against North Korea are attempting to seize 30,765 ETH frozen following an rsETH exploit, according to a post on Arbitrum DAO forums. The families cite alleged links between the attack and DPRK-linked hacking groups, including Lazarus, and are invoking a New Yo

According to Forbes, on May 3, Robert Dunlap, operator of the Meta-1 Coin scheme, was sentenced to 23 years in prison for defrauding approximately 1,000 investors between 2018 and 2023, with total losses exceeding $20 million. The U.S. Department of Justice revealed that Dunlap falsely claimed Meta

According to Nominis analysis on May 3, certain crypto wallets frozen by U.S. OFAC as Iranian-linked assets display on-chain behavior patterns that diverge significantly from Iran's Islamic Revolutionary Guard Corps (IRGC) historical operational methods, suggesting involvement by other state-level a

According to a16z, the venture capital firm submitted an 18-page comment letter to the Commodity Futures Trading Commission on Friday, May 2, supporting federal oversight of prediction markets and opposing state-level restrictions. A16z argued that cease-and-desist letters and proposed bans by state

According to The Block, Andreessen Horowitz submitted an 18-page comment letter to the CFTC on Friday, backing federal oversight of prediction markets and opposing state-level crackdowns. The VC firm argued that cease-and-desist letters and proposed bans from state regulators create a "serious

According to a Reuters investigation published Friday, Nobitex, Iran's dominant crypto exchange with roughly 11 million users, was founded by brothers Ali and Mohammad Kharrazi, members of a family with close ties to Iran's supreme leaders. The brothers registered the company in 2018 under an altern