Enforcement Actions

Gate News Report, on March 28, on-chain detective ZachXBT tweeted that Circle had unfrozen ckUSDC (Dfinity bridge) and two other hot wallets with addresses starting with 0x00e a few hours ago. As of now, 5 out of the 16 hot wallets previously mentioned have been unfrozen. ZachXBT stated that once the New York civil case is unsealed, he will publicly name the plaintiffs, experts, and all other relevant parties in the case.

Senator Warren of the Democratic Party sent a letter to the Secretary of Commerce, asking for clarification on national security concerns regarding the Chinese Bitcoin mining manufacturer Bitmain, particularly concerning the Trump family's stake in American Bitcoin's purchase of mining machines. U.S. authorities have launched an investigation, worried that the related equipment could be used for espionage activities or pose a threat to the power grid's security. Bitmain and American Bitcoin deny any security issues, stating that they comply with the law. This issue reveals the tension between politics and national security.

The UK imposed sanctions on scam networks in Southeast Asia, including Hu Xiaowei, who is closely linked to the founder of the Cambodian royal prince group, Chen Zhiming, whom it refers to as "Wu Anming." It also stated that he is a long-term collaborator of Chen Zhiming and provides support. At the same time, a virtual currency trading platform was also sanctioned for offering crypto services that facilitate scams.

U.S. Senator Warren sent a letter to the Department of Commerce requesting an investigation into Bitmain's national security risks and its connections to the Trump family, as well as the disclosure of related communication records. The FBI is investigating the potential risks associated with the company's mining equipment. Bitmain responded to the allegations, stating they are unfounded, and that relevant safety tests did not reveal any issues.

The Central Bureau of Investigation in India has arrested a suspect named Sunil Nellathu Ramakrishnan, accusing him of serving as a coordinator in a trafficking network related to Southeast Asian online scams. This network lured Indian citizens to Myanmar to participate in scam activities, and the CBI has collected relevant digital evidence, with the investigation still ongoing.

The team behind the P2P.me decentralized trading platform disclosed that it opened positions on the Polymarket prediction market related to its recent capital raise. The team opened the positions 10 days before the raise went live, wagering whether the project would hit its $6 million fundraising t

Vietnam is investigating a major crypto fraud linked to Vemanti Group, which reportedly attracted billions from investors. The case reflects increasing scrutiny over online financial scams in Vietnam and the region as the crypto market expands.

In brief California public officials are banned via executive order from using inside information to make money on prediction markets. The ban extends to state officials and appointees using information to help others from profiting, as well. The order follows continued scrutiny from

Vietnam's Ministry of Public Security has detained several individuals related to the cryptocurrency platform ONUS, accusing them of embezzling investor funds through false advertising, involving billions of dollars. Investigators claim the suspects manipulated token supply and demand, with 140 people already summoned for questioning. The ONUS platform claims to have 7 million users and a market value of approximately $25 million, but has not yet responded to these allegations.

Intercontinental Exchange (ICE), the parent of the New York Stock Exchange (NYSE), said Friday it completed a new $600 million direct cash investment in Polymarket, deepening its bet on prediction markets as a new area of growth for exchange operators. The company also said it expects to

Chen Zhi, the founder of the Prince Group in Cambodia, has been detained on charges of fraud and other crimes. The UK has imposed sanctions on the group, with the sanctions list including his collaborator Hu Xiaowei. Chen Zhi had amassed a fortune through online fraud but was ultimately arrested and had his nationality revoked.

The UK High Court recently heard a case involving the theft of Bitcoin, where the plaintiff Ping Fai Yuen accused his estranged wife Fun Yung Li of secretly filming him to steal Bitcoin from his hardware wallet, worth approximately $176 million. Audio recordings and search warrant evidence support the plaintiff's claims, and the court upheld the asset freeze order, but dismissed part of the claims. The judge believes the plaintiff has a very high chance of winning and recommends that the case be heard as soon as possible.

Bit Digital has filed a lawsuit in New York, accusing Blockfusion founder Martini-Lo Manto of being involved in a $5 million cryptocurrency fraud, attempting to cover up his investment funds through a merger. Bit Digital aims to stop the merger and recover its funds through the lawsuit.

The Federal Court of Australia fined Binance's local branch A$10 million for misclassifying over 500 investors, exposing them to high-risk crypto-asset derivatives, leading to losses over A$12 million. Binance admitted to significant compliance failures in client onboarding.

The UK sanctioned Xinbi to disrupt a $20 billion crypto-enabled scam and money laundering network globally. The authorities targeted the infrastructure for fraud ecosystems, especially in financial channels, marketplaces, and interconnected illicit services. The United Kingdom has recently sancti

The Federal Court of Australia ruled that a certain CEX must pay a fine of 10 million AUD for mistakenly classifying 524 retail investors as wholesale clients, resulting in a lack of protection for consumers and losses exceeding 12 million AUD. The exchange has rectified the situation and ceased its derivatives business.

Vietnamese police have cracked a massive cryptocurrency fraud case, arresting businessman Eric Vuong and six accomplices, with the amount involved reaching several billion dollars. The gang sold counterfeit coins to users through the fake platform ONUS, and police have summoned over 140 people for investigation.

Israeli Air Force reservists are accused of using confidential information to trade on Polymarket in order to profit from the war between Israel and Iran that began last year. The two men have been charged with serious security offenses, bribery, and obstruction of justice. They had previously successfully predicted specific military operations and earned $162,663 in profits. Details of the case have been partially disclosed, but the defendants’ names have not yet been made public.

An Israeli Air Force reservist major allegedly used confidential information to trade on Polymarket, involving last year’s war between Israel and Iran. He and an accomplice were charged with serious offenses and made $162,663 in profits. Case details became public after some court gag orders were lifted, but the defendants’ names were not disclosed.

The UK Foreign Office has imposed sanctions on the Chinese cryptocurrency platform Xinbi, accusing it of playing a core role in fraud activities in Southeast Asia. The sanctions will freeze its assets in the UK and prohibit its access to the UK financial system. Chainalysis reports that Xinbi processed over $19.9 billion in transactions between 2021 and 2025, with deep connections to fraud networks. The purpose of these sanctions is to isolate Xinbi from the legitimate crypto ecosystem and will not affect ordinary compliant crypto users.