Law and Order

In brief Binance has asked a Delaware bankruptcy judge to dismiss FTX’s $1.76B clawback lawsuit, calling it legally flawed and unsupported by facts. The exchange contends that FTX’s downfall was the result of massive fraud orchestrated by its own leadership, not Binance’s actions. Binance also says the court lacks jurisdiction over its foreign entities and […]

In brief South Korean actor Hwang Jung-eum admitted in court to embezzling $3.1M (₩4.34B) from her agency to invest in crypto. SBS Plus channel removed her segments from the final episode of Because I’m Single following backlash. Advertisers like Daesang Wellife Nucare have pulled her campaign content after the scandal broke. South Korean actor Hwang

In brief The law mandates a 48-hour takedown of explicit images by tech platforms. First Lady Melania Trump called the law a “national victory” in the fight to protect children. Deepfake and revenge porn victims will now be federally protected under U.S. law. President Donald Trump on Monday signed into law the bipartisan Take It

Against all odds, the Senate’s stablecoin bill has regained political momentum, passing a key procedural vote Monday evening that has set the legislation on track for passage within days.  Less than two weeks ago, the bill, dubbed the GENIUS Act, failed to pass the same procedural cloture vote—which ends debate on a measure and advances

In brief Coinbase said last week that hackers that stole customer data attempted to blackmail it for $20 million in Bitcoin. The exchange confirmed Monday that it’s working with U.S. law enforcement to catch the cybercriminals. America’s biggest crypto exchange Coinbase said Monday that it is working with law enforcement to investigate a recent hack

In brief European authorities dismantled a clandestine banking network that laundered over $23 million using cryptocurrency, arresting 17 individuals across Spain, Austria, and Belgium. The criminal operation involved parallel banking services, illegal hawala banking, and cryptocurrency exchanges, with Chinese nationals managing cash collection in Spain and Arab nationals handling international transfers. Authorities seized approximately $229,600

In brief Over $2.9 million in assets were forfeited by a Queensland man with alleged links to crypto theft and hacking. The case is tied to the 2013 theft of 950 BTC from a French exchange. Australian law enforcement have restrained $770 million in suspected criminal assets since 2019. A Queensland man has forfeited over

Sen. Richard Blumenthal (D-CT) skewered the Trump family’s crypto firm, World Liberty Financial, on Friday—for what he called its “seriously inadequate” response to a Senate inquiry into the company’s business practices.  “This seriously inadequate response conveniently avoids the fact that foreign governments and others can enrich and compromise the President through World Liberty Financial,” Blumenthal

In brief The South Korean woman transferred $488,000, approximately 683 million won, in crypto and took $1,430, or 2 million won, in cash while her boyfriend slept. Despite her claims of partial repayment, the Jeju court sentenced her to two years due to prior fraud convictions. The case follows a string of crypto-related crimes in

In brief A federal judge denied SEC-Ripple settlement due to procedural errors in their joint filing. The proposed deal would have reduced Ripple’s fine from $125 million to $50 million, ending a 4-year legal battle. Both parties remain committed to resolution despite the setback, with XRP trading at $2.42. A federal judge has denied a