Enforcement Actions

Trading firm Jane Street filed a motion to dismiss in Manhattan federal court on Thursday, seeking dismissal of the insider trading lawsuit brought by Terraform Labs’ bankruptcy administrator, and asking the court to close the case with prejudice and bar Terraform from bringing the same lawsuit again. In its motion, Jane Street argued that the Terraform fraud scheme has already been tried in court and penalized, and that the complaint is internally inconsistent.

Tether froze over US$344 million in USDt across two Tron network wallets on April 23, 2026, in coordination with US law enforcement and the Office of Foreign Assets Control (OFAC), according to an announcement by the company. The action targeted addresses holding approximately US$213 million and US$

Gate News message, April 24 — Spanish police in Almería seized two cryptocurrency cold wallets containing approximately €400,000 during a raid on the country's largest illegal manga distribution platform. Three individuals were arrested in connection with the operation, which was initiated

OFAC Sanctions Cambodian Senator Over Crypto Scam Network The U.S. Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Cambodian senator Kok An, who is accused of controlling "scam compounds" throughout Cambodia that have defrauded Americans. OFAC designated An and 28 other

Gate News message, April 24 — U.S. Democratic Senator Elizabeth Warren raised questions about the regulatory approval process for cryptocurrency bank Erebor, citing concerns that the institution obtained a banking license within months. According to a fundraising document obtained by Warren's

The U.S. Treasury Department and the Department of Justice have recently launched a joint law enforcement action targeting “pig butchering” romance scams involving cryptocurrencies that have become increasingly rampant in Southeast Asia. In an official announcement, the government has imposed sanctions on Cambodian Senator Kok An and 28 individuals and entities within his criminal network, accusing them of using political influence and their network of casino compounds to shelter large-scale fraud and human trafficking activities. Estimates indicate that these scam operations have led to losses for U.S. residents of as much as $10 billion in a single year. In conjunction with this crackdown, the stablecoin issuer Rether has also frozen more than $344 million in digital assets involved in the case. Romance “Pig Butchering” scams: U.S. residents lose over $10 billion in a single year In recent years, multinational criminal organizations based in Southeast Asia have made extensive use of the scam method known as “Pig Butchering.” Scammers will, through social media or messaging apps, spend months

Gate News message, April 24 — The U.S. Department of Justice has arrested active-duty Army soldier Gannon Ken Van Dyke, 38, on charges of using confidential information to place bets on Polymarket, a prediction market, regarding former Venezuelan President Nicolás Maduro's capture. Van Dyke particip

Gate News message, April 24 — A North Korean state-sponsored APT group dubbed HexagonalRodent has stolen over $12 million in cryptocurrency and NFTs from Web3 developers in the first quarter of 2026, according to cybersecurity firm Expel. The group compromised 2,726 developer devices and gained acce

Bitcoin (BTC) rebound momentum is weakening, with a temporary quote around $78,030 as of April 24. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned a Cambodian politician linked to a crypto “pig butchering” scam center. Tether issued another 1 billion USDT on the Ethereum network; over the past 5 days, it has issued a total of 3 billion USDT on the Ethereum network.

Gate News message, April 24 — The U.S. Department of Justice announced a coordinated enforcement action against Southeast Asian criminal organizations today. Federal authorities indicted two Chinese nationals, Huang Xingshan and Jiang Wenjie, who managed operations at the Shun Da fraud center in Mya

The U.S. Department of Justice arrested a U.S. military servicemember on April 23, accusing him of using classified information to place bets on the prediction market Polymarket that Venezuelan President Nicolás Maduro would be arrested, resulting in profits of more than $400k from an initial wager of more than $33k. On Thursday, U.S. President Trump said he will investigate whether federal employees have been placing bets on sports betting platforms, criticizing, “the world has become a casino.”

Gate News message, April 24 — Arbitrum's Security Council froze approximately 30,000 ETH (roughly $71 million) in associated funds from the KelpDAO attack on April 24, triggering renewed discussion across the crypto industry about the true meaning of

Gate News message, April 24 — Jane Street and several individual defendants have filed a motion with the U.S. District Court for the Southern District of New York seeking to dismiss the insider trading lawsuit brought by Terraform Labs' bankruptcy estate. The quant firm argues that Terraform is atte

## Overview The U.S. Treasury Department sanctioned Cambodian Senator Kok An and 28 entities associated with him on Thursday, according to the Treasury's Office of Foreign Assets Control (OFAC). The action targets what officials describe as a massive crypto scam operation in Southeast Asia. ## The

According to a Decrypt 4/23 report, stablecoin issuer Tether froze two wallets on the Tron chain that day, totaling $344 million USDT—one of the largest single-instance freezing actions in Tether’s history. The entity coordinating the action did so in conjunction with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies. The two addresses were marked as allegedly involved in sanctions evasion, criminal networks, or other illegal activities. Two Tron addresses total $344 million USDT frozen Decrypt cites Tether data, saying that this freeze was concentrated on the Tron network, broken down into the following two transactions: Address (prefix) Frozen amount Chain TNiq9…QZH81 About $213 million USDT Tron

Gate News message, April 23 — The Consumer Federation of America (CFA) has filed a class-action lawsuit against Meta Platforms in Washington, D.C. Superior Court, accusing the social media giant of knowingly generating billions in revenue from scam advertisements while failing to protect

Gate News message, April 23 — Spanish authorities in Almería dismantled one of the country's largest Spanish-language piracy platforms and seized two crypto cold wallets containing approximately €400,000 (roughly $467,000) in assets.