Enforcement Actions

Binance faces sanctions risks due to exposure to $6.43 billion in stolen cryptoassets, according to a report from blockchain analytics firm Elliptic. The exposure stems from connections to TraderTraitor, an entity linked to North Korean state actors. While TraderTraitor is not officially designated

According to Arbitrum's governance forum, the Arbitrum Security Council froze 74,559,805.2 ARB and approximately 8,426 ETH from an address on October 30 without holding the address's private key. The council's emergency notice identified the address as linked to a Binance security incident that occu

According to blockchain analytics firm Elliptic, North Korean hackers moved $6.43 billion in stolen cryptocurrency from the Binance breach through more than 40,000 transactions and approximately 12,000 wallets in less than four days, but no evidence of autonomous AI decision-making was detected. Tra

According to BTCPay Server, the Bitcoin payment processor urged operators to shut down their instances on Sunday (November 1) after reports that attackers were sweeping hot wallets on servers running the software. The project tweeted at 5:25 p.m. ET: "We are receiving reports of hot wallets on BTCPa

South Korea's Financial Services Commission (FSC) pre-notified Beacon Fintech, formerly known as Blockchain Company, of a 100 million won fine on the 29th of last month for refusing to submit inspection materials to the Financial Supervisory Service (FSS). The company obstructed the inspection by fa

According to the Financial Supervisory Commission, Beacon Fintech (formerly Blockchain Company) was notified on October 29 of a 10 million won fine for refusing to submit inspection materials and obstructing financial supervision. The company had rejected multiple written requests from the Financial

According to Lookonchain, Gate has frozen two accounts recently found to be engaged in spoofing, a trading tactic used to create misleading market signals. The action follows Gate's due diligence process to assess suspicious trading activities and reflects the platform's commitment to maintaining ma

According to CFTC Chairman Michael Selig speaking to CNBC on Friday, the $6.4 billion Binance hack demonstrates the case for U.S. regulatory oversight of offshore crypto exchanges. Selig said the breach "proves our exact point" behind crypto-market regulations the CFTC proposed earlier this month, a