SBF seeks a retrial and has filed an appeal.

UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties

The UK government is cracking down on a $20 billion Chinese-language crypto guarantee marketplace, with sweeping sanctions aimed at cutting the platform off from crypto access. The UK’s Foreign, Commonwealth & Development Office said in a statement Thursday that Xinbi provides crypto-based

Nvidia is accused of concealing $1 billion in cryptocurrency mining revenue, with Jensen Huang listed as a co-defendant.

A U.S. court has allowed the class action lawsuit against NVIDIA to proceed, with plaintiffs accusing NVIDIA of concealing over $1 billion in GPU mining sales as gaming revenue from 2017 to 2018, impacting investor decisions. This case reveals legal risks associated with revenue classification and may have far-reaching implications for technology companies' future disclosures.

Democratic Party lawmakers sent a letter to the Kansas City Federal Reserve, requesting details on the approval of a certain CEX's access to Federal Reserve services.

Maxine Waters, Chair of the U.S. House Financial Services Committee, sent a letter to the Federal Reserve Bank of Kansas City’s president, asking for a detailed explanation of the approval process for Payward Financial—an “account with limited purpose”—opened for cryptocurrency exchanges, and focusing on the scope of the relevant services, risk management requirements, and regulatory review, while expressing concerns about the account’s policies and consumer protection issues.

Ko Wen-je was sentenced to 17 years in his first trial, and the indictment document refuted the rumor about a Bitcoin “cold wallet.”

On March 26, the Taipei District Court sentenced Ko Wen-je to 17 years in prison for offenses including corruption, bribery, public interest misappropriation, and breach of trust, along with a 6-year deprivation of public rights. The court stated that the bribes he received were not related to Bitcoin, and the indictment did not involve virtual currencies. This ruling has attracted public attention and revealed the media's confusion in reporting on issues related to crypto assets.

UK sanctions Xinbi’s new-dollar guarantees! Money laundering of $19.9 billion over five years, fueling the rampant operation of scam enclaves across Southeast Asia

The UK government has imposed sanctions on the cryptocurrency platform Xinbi, accusing it of handling $19.9 billion in illegal transactions between 2021 and 2025, related to Cambodian scam parks and transnational money laundering networks. This move marks the first global sanctions of its kind, aimed at cutting off the flow of criminal funds and protecting citizens from fraud. At the same time, assets of the related criminals in London have been frozen, demonstrating the determination of countries like the US and UK to strengthen their crackdown on crypto crime.

Hong Kong mandates unlocking phones and Bitcoin wallets; those who refuse face criminal charges.

Hong Kong authorities reaffirm their law enforcement powers under the National Security Law, requiring all individuals to unlock their devices during investigations, including foreign travelers. This regulation poses specific risks to cryptocurrency holders, as exposure of related data could lead to asset loss. Experts recommend traveling with "clean devices" and avoiding storing sensitive information to protect crypto assets.