Enforcement Actions

According to Decrypt, Bittrex filed a motion this week to void its $24 million settlement with the SEC from 2023 and demand a full refund. Bittrex's lawyers argued that the SEC admitted its legal theory classifying the crypto tokens as unregistered securities was flawed, and the Trump

At Consensus Miami, CFTC Chair Michael Selig said the agency plans to formalize guidance on when crypto software developers must register as brokers. In March, the CFTC issued a no-action letter stating it would not pursue enforcement against wallet provider Phantom for failing to register. Selig ai

Attorneys for victims of three North Korea terrorism cases filed a 30-page response on Tuesday, reframing the April 18 Aave hack as fraud rather than theft — a legal distinction that could grant the attackers legal title to the borrowed crypto. The victims are seeking to recover approximately $71 mi

An anonymous crypto whale identified as "D.B." filed a lawsuit on Monday against Coinbase and an alleged thief over the exchange's refusal to return frozen funds linked to an August 2024 crypto theft, according to a court filing. The plaintiff lost approximately $55 million worth of DAI in the incid

According to CFTC Chair Michael Selig speaking on Tuesday at Consensus Miami, the agency plans to codify protections for non-custodial software developers through formal rulemaking. In March, the CFTC issued a no-action letter stating it would not pursue enforcement against crypto wallet provider

North Korea terror attack case escalates: $71 million in Aave frozen assets enter a third round. The plaintiffs now invoke the TRIA statute to claim that ETH is North Korea’s state property, stressing fraud rather than theft to get around the thief-not-possessor-of-stolen-goods defense, while also challenging Aave’s standing and governance status. DeFi United has raised more than $328 million, with sufficient funding to compensate affected users. The case could become a key precedent for DeFi legal principles and DAO governance.

According to Seoul High Court's Administrative Division 4-3, on April 16, the Financial Services Commission (FSC) partially won its appeal against cryptocurrency exchange A's injunction request, with 3 of 4 administrative orders upheld. The exchange stopped operations on November 30, 2020, but

According to The Block on May 6, an anonymous crypto whale who filed a lawsuit under the pseudonym “DB” sued Coinbase and the accused thief “John Doe” on Monday, accusing Coinbase of refusing to return frozen DAI funds related to a 2024 crypto theft case even after it provided sworn affidavit proof that it is the legitimate owner.

Attorneys for victims of three North Korea terrorism cases filed a 30-page response on Tuesday, reframing the April 18 Aave hack as fraud rather than theft. The distinction carries legal significance: characterizing the incident as fraud could grant the attackers legal title to the borrowed

According to CoinTelegraph, on May 6, the plaintiff Kenneth Kolbrak filed a class action lawsuit in the Manhattan federal court in New York, on May 4. The defendants are rapper Iggy Azalea, and the suit alleges that she made false statements about the actual use and business integration of the meme coin Mother Iggy (MOTHER) based on the Solana blockchain.

According to an investigation published by National Public Radio (NPR) in the United States on May 5, a reporter went to the Panama headquarters address registered on Polymarket’s official site—21st floor, Oceania Business Plaza, Panama City—and found no traces of Polymarket or any of its Panama legal entities on site. The office at that address, Garcia de Paredes Law Firm, previously provided legal services to FTX.

According to The Block, on May 5, the decentralized finance lending protocol Kelp DAO announced it would stop using LayerZero as a cross-chain infrastructure provider and instead adopt Chainlink’s cross-chain interoperability protocol (CCIP). Kelp DAO is “the first major protocol to abandon LayerZero since the LayerZero vulnerability incident occurred.”

According to Drift Protocol’s official announcement published on X on May 6, Drift Protocol has officially launched a user recovery plan for the April 1 hack: each affected wallet will receive a “Recovery Token,” with each token corresponding to $1 of verified losses, as a proportional claims certificate for the recovery pool.

According to Decrypt, on May 6, Australian rapper Iggy Azalea faced a class-action lawsuit over her Solana meme coin MOTHER. Investors allege she overstated the token's utility and business integrations, claiming Azalea promoted MOTHER for use in Motherland casino, Unreal Mobile phone service, and D

According to U.S. prosecutors, on May 6, Roni Cohen-Pavon, former chief revenue officer of bankrupt crypto lending platform Celsius, received a sentencing recommendation for leniency due to his cooperation with authorities. Cohen-Pavon pleaded guilty in September 2023 to fraud and conspiracy to

According to CFTC Chair Michael Selig at Consensus Miami on Tuesday, the agency is considering writing rules to codify protections for non-custodial software developers. In March, the CFTC issued a no-action letter stating it would not pursue enforcement against crypto wallet provider Phantom for

According to Kelp DAO's announcement on Tuesday, the protocol blamed LayerZero for approving a risky configuration that enabled a $292 million exploit on April 18. Kelp said LayerZero personnel approved a 1-of-1 verifier setup—relying on a single entity to validate cross-chain transactions—without w