South Korean regulators have begun a sanction process against Dunamu, the parent company of crypto exchange Upbit, nearly eight months after a $30 million hack, according to a report. The move highlights the complexities of enforcing accountability in the country's crypto sector, as South Korea's current
A new UK offence that took effect on July 17 has created significant legal exposure for crypto firms with ties to the country, even though the legislation does not explicitly mention cryptocurrency. The rule places a premium on the timing of wallet identification, effectively requiring UK-linked companies to reconstruct
French regulators have directed internet service providers to block access to Polymarket, the blockchain-based prediction market platform, cutting off users in the country. The move comes just ahead of the World Cup final, an event tied to what the industry describes as its largest event markets to date. The
The GENIUS Act, which establishes a federal framework for stablecoins in the United States, has passed its first anniversary while regulators have missed deadlines to finalize implementing rules, though full enforcement is set for July 2028. This timeline creates a two-year countdown that could force offshore stablecoin issuers like
The Office of the Comptroller of the Currency granted Circle final approval on July 10 to operate a national trust bank under federal supervision, integrating the issuer of the USDC stablecoin more deeply into the US financial system. Circle described the approval as a significant milestone for USDC, giving the
The latest distribution continues FTX's ongoing effort to repay those affected by the exchange's 2022 collapse, one of the largest failures in crypto history. FTX's bankruptcy estate plans to distribute roughly $900 million to creditors and other claimants in its fifth wave of payouts.
Prediction market platform Kalshi has reportedly intervened after allegations that a Trump aide profited roughly $100,000 by wagering on the timing or content of more than a dozen speeches before that information became public. The claims suggest the aide may have leveraged non-public knowledge to place advantageous bets
A Dutch court has declared crypto exchange Knaken insolvent after uncovering an undisclosed financial deficit, meaning the platform cannot fully repay its customers. The ruling appoints an independent trustee to oversee the recovery process and determine how remaining assets will be distributed among affected users. The case highlights the gap
A fraud scheme that relied on fake police websites to deceive victims has led to prison sentences for three men in the UK, according to the Metropolitan Police. The gang impersonated law enforcement officers to convince targets to hand over cryptocurrency, ultimately stealing roughly $5.3 million. Investigators said the
Crypto regulation in the United States is divided primarily between two federal agencies, each with distinct areas of authority. The Securities and Exchange Commission oversees crypto assets that function like investments in a company, applying securities law to tokens deemed to fit that definition. The Commodity Futures Trading Commission, by
A widely circulated claim that an adviser held $71 million in an XRP ETF stemmed from a misreading of SEC filing conventions. According to the filing, the adviser actually reported 12,380 XRPI shares valued at $71,059, not $71 million. The discrepancy arose from the SEC's current
In a rare show of bipartisan agreement, the U.S. Senate passed a nonbinding resolution stating that former FTX CEO Sam Bankman-Fried should "under no circumstances" receive a presidential pardon or commutation. Bankman-Fried was convicted of fraud following the 2022 collapse of the FTX crypto exchange,