Interpol's Operation First Light, a coordinated crackdown spanning 97 countries, resulted in 5,811 arrests and the interception of $293 million linked to social engineering and romance scams. Among those detained were two suspects in Thailand, including a 20-year-old whose crypto wallet allegedly moved $123 million
The Office of the Comptroller of the Currency has granted conditional approval for Sony Bank to establish a US trust bank subsidiary, marking a step toward the Japanese financial group entering the American digital asset market. The subsidiary, named Connectia Trust, is expected to issue and manage a dollar-backed
State regulators alleged that Block Inc., the operator of Cash App, made false promises about the security of its platform, prompting a coordinated enforcement action across nearly every U.S. state. The company has agreed to pay $45 million to resolve the allegations. The settlement reflects growing scrutiny of financial
CFTC Chairman Michael Selig has publicly urged Congress to advance the Clarity Act, a crypto market-structure bill designed to define regulatory oversight for digital assets, before lawmakers break for the August recess. Selig described the legislation as 'so close' to passage, signaling optimism that a final agreement
Citadel has shifted its legal strategy against Portofino after securing a 6 million-pound arbitration award in London. The firm dropped its U.S. trade secrets lawsuit against Portofino, reasoning that pursuing an additional American judgment would likely prove uncollectable. Instead, Citadel is now seeking a bankruptcy order against the
Payward, the parent company of crypto exchange Kraken, has won a $22 million arbitration award against its former auditor, Mazars. Payward alleged that Mazars abandoned a nearly complete audit during a period the firm refers to as Operation Choke Point 2.0, a term critics use to describe a coordinated
The Commodity Futures Trading Commission has filed charges against a North Carolina man and his associated company, alleging they defrauded roughly 60 investors of approximately $14 million through a commodity pool. According to the regulator, funds were solicited under the premise of trading crypto assets and futures contracts. Commodity pools
Russia is reportedly preparing a legal pathway for citizens to access cryptocurrency, with a state-owned bank positioned to hold custody of user assets. According to the report, Sberbank's crypto wallet plan could route Russian users into a bank-controlled on-ramp, tying legal access to custody arrangements,
The US Securities and Exchange Commission is preparing to formalize new crypto rules through its 2026 regulatory agenda, signaling a shift toward clearer oversight of digital asset markets. The plan outlines proposed frameworks for cryptocurrency exchanges and broker-dealers, laying groundwork for rule changes the agency aims to advance before
A disagreement between the U.S. Treasury and Commerce departments over which agency should oversee the proposed Strategic Bitcoin Reserve has stalled its implementation, according to a Bloomberg report cited by Bitcoin Magazine. The reserve was ordered by President Trump more than a year ago, but the interagency dispute over
Two traders have filed a lawsuit against Polymarket, alleging the prediction platform improperly resolved a market concerning whether Strategy sold any bitcoin. The plaintiffs claim the market was settled as "No," even though Strategy's SEC filing disclosed that the company sold 32 BTC between May 26
Beijing has introduced its first regulations targeting emotionally responsive and humanlike artificial intelligence, prompting some of China's largest technology firms to scale back their offerings. Under the new rules, companies including ByteDance and Alibaba are preparing to disable custom AI agent features embedded in their popular apps. The