Law and Order

In brief Under the Biden administration, the Department of Labor discouraged workplace 401(k) digital asset investing. With Trump now in office, the Department has rescinded that guidance, calling it a Biden-era “overreach.” The Department said it would adopt a “neutral stance” toward this type of investing. The U.S. Department of Labor on Wednesday rescinded 2022 […]

In brief Vietnamese police have arrested a gang accused of being behind Matrix Chain, a crypto scam that defrauded investors of almost $400 million. The operation saw “many elite officers and soldiers” working around the clock for 200 days. The alleged pyramid scheme had over 185,000 registered accounts, funneling 394.2 million USDT through crypto wallets.

In brief ASIC has filed civil charges against former Blockchain Global director Liang Guo over alleged misuse of ACX customer funds totaling over $20 million. The regulator’s investigation began in January 2024 after years of red flags, including a 2017 IPO stop order and an October 2023 liquidator report detailing misappropriated assets. The firm’s co-director,

In brief Blockstream CEO Adam Back says Trump’s presidency is accelerating government interest in Bitcoin by decades. Back, a veteran cypherpunk, views the shift as a departure from Bitcoin’s anti-government roots. While welcoming the momentum, Back warns the political embrace of crypto complicates investor confidence. Although U.S. President Donald Trump isn’t slated to attend this

In brief Bilal Bin Saqib was appointed special assistant to Pakistan’s prime minister on blockchain and crypto. The country will also allocate 2,000 MW of surplus electricity to bitcoin mining and AI centers. Bin Saqib is also an advisor to World Liberty Financial. The Pakistani government has appointed a special assistant to the prime minister

In brief A hacker exploited Solana-based decentralized exchange Mango Markets back in 2022. Crypto trader Avraham Eisenberg was convicted last year. But a judge has vacated Eisenberg’s fraud and manipulation charges. A trader who was convicted of manipulating Solana-based decentralized exchange Mango Markets to pinch $110 million in crypto had his conviction overturned on Friday. 

In brief Coinbase is fielding a lawsuit from an investor that claims to have suffered “significant losses and damages” due to the company’s alleged “misleading” statements. The investor took issue with Coinbase’s revelation in mid-May that it had suffered a data breach, several months after the leak of the company’s user data began. Coinbase stock

In brief A crypto investor was arrested in NYC for kidnapping and torturing a man for access to his Bitcoin wallet. The victim escaped after weeks of captivity in an upscale Manhattan apartment. It comes amid a growing trend in violent ‘wrench attacks’ worldwide. A crypto investor has been arrested and charged with kidnapping and

In brief Operation RapTor resulted in 270 arrests across 10 countries and the seizure of $200 million in cash and crypto, making it the largest enforcement action under the DOJ’s JCODE initiative. Authorities confiscated over two metric tons of drugs, including 144 kilograms of fentanyl-laced substances, much of it trafficked through crypto-linked darknet markets. U.S.

In brief CFTC Commissioner Summer Mersinger said Thursday crypto perpetual futures could come to market in the U.S. “very soon.” The approval of those derivatives contracts comes as several commissioners are preparing to leave the federal agency. Perpetual markets generally boast greater trading volume than their spot counterparts. Outgoing CFTC Commissioner Summer Mersinger signaled Thursday