Enforcement Actions

DOJ asks court to retry Roman Storm on money laundering and sanctions conspiracy charges after 2025 jury deadlock. Storm already convicted of running an unlicensed money-transmitting business; Rule 29 motion seeks to

TRON founder Justin Sun says his companies maintains zero tolerance against illegal activities like embezzlement, unauthorised computer access and bribery. He threatened legal action against those who spread false rumors online and ‘smear judicial organs’ just days after two of his companies

Polymarket is hiring Palantir Technologies and TWG AI to strengthen oversight of its sports contract trading, aiming to identify and prevent suspicious activities. This move comes amid increased regulation of prediction markets, with a focus on screening participants and cross-referencing banned lists.

Three suspects posing as police officers attacked a couple in Versailles, forcing them to transfer approximately €900,000 in Bitcoin. French authorities confirm the theft and are investigating the growing trend of violent robberies targeting crypto holders.

The IRS has introduced a new investigation form requiring taxpayers to disclose all cryptocurrency exchanges and wallet histories used. The form covers over 100 platforms and must be signed by the taxpayer to prevent underreporting and audits. It is recommended to consult a tax attorney. The audit focus will be on underreporters and high-frequency traders.

The U.S. Department of Justice plans to re-indict Tornado Cash co-founder Roman Storm, with a new trial scheduled for October 2026. He faces two unresolved charges, with prosecutors stating these charges involve money laundering and violations of international sanctions. Storm emphasizes that he is only facing serious charges for writing open-source code and vows to fight for freedom.

Gwangju District Prosecutors Office in South Korea recently sold 320.8 Bitcoin seized, cashing out 31.6 billion Korean Won. This batch of Bitcoin originally came from investigations into illegal gambling platforms from 2018 to 2021. Although there was an incident where Bitcoin was stolen by hackers due to a public official's mistake, the hackers later returned the Bitcoin. Authorities have conducted investigations and also discovered other cases of seized Bitcoin going missing.

Gate News Announcement, March 10th, Hunan Financial Office confirmed that Yuzhi Financial Co., Ltd., under the name of "Virtual Asset Copy Trading," has completely "run away." Currently, police in various regions have opened channels for rights protection registration, and affected users can register through official channels.

Gate News Report, March 10 — Hong Kong Securities and Futures Commission CEO Lisa Leung stated that in 2025, the organization received nearly 900 investment scam complaints, with a quarter related to virtual currencies. The Hong Kong Securities and Futures Commission will collaborate with the police, Customs, the Hong Kong Monetary Authority, licensed brokers, and virtual asset service providers to establish communication channels with licensed institutions and actively cooperate with the police anti-scam coordination center's "24/7 Stop Payment Mechanism" to freeze transactions involving scams or high risks immediately.

The U.S. House of Representatives is investigating several Wall Street underwriters, focusing on their market manipulation related to IPOs of Chinese companies. Among them, Dominari Securities is linked to the Trump family, and lawmakers are requesting relevant information, pointing out that these companies coordinated trades to inflate stock prices, which were then followed by sharp declines.

Gate News reports that on March 10th, Procurator-General Yin Yong of the Supreme People's Procuratorate delivered a work report to the Fourth Session of the 14th National People's Congress. The report states that by 2025, prosecutorial agencies will intensify efforts against money laundering, prosecuting 3,259 individuals for crimes involving virtual currencies, underground banks, and other methods. Additionally, efforts will be made to lawfully punish telecommunications and online fraud crimes, with 69,000 people prosecuted.

Federal prosecutors seek a retrial for Roman Storm on unresolved conspiracy charges linked to Tornado Cash, a crypto mixing service. The case raises questions about liability for developers of decentralized tools amid significant attention from the crypto community.

The Thai cryptocurrency platform has frozen over 10,000 accounts suspected of money laundering to strengthen efforts against money laundering activities. This move is the result of joint efforts by the Securities and Exchange Commission of Thailand and related agencies, aiming to curb money laundering and investment scams related to digital assets.

Gate News: On March 10, the Gwangju District Prosecutor's Office in South Korea sold 320.8 Bitcoins, with the proceeds of 31.6 billion Korean Won (approximately $21.5 million) remitted to the national treasury. The Bitcoins were originally confiscated after a crackdown on an illegal gambling platform, stolen in August 2025 due to a phishing attack on an official, and voluntarily returned by the hacker in February this year. The prosecution then sold the assets in batches over 11 days (from February 24 to March 6). The hacker remains at large, and the investigation is ongoing. (The Block)

Chairman Michael Selig of the U.S. Commodity Futures Trading Commission announced a new regulatory approach to position the U.S. as a global crypto hub. The "Project Crypto Initiative" aims to enhance coordination with the SEC and clarify crypto asset classification while ensuring transparency in digital markets.

The US Treasury Department has sent a new crypto report to Congress under the GENIUS Act. The document is about 32 pages long. It focuses on ways to track and stop illegal activity that uses digital assets. Officials prepared the report as part of a rule included in the law passed in July 2025

The U.S. DOJ seeks to retry Roman Storm, co-founder of Tornado Cash, after a divided jury found him guilty on one count while deadlocking on money laundering and sanctions charges. This case raises significant implications for crypto development, privacy tools, and the responsibility of software creators.

On March 10th, crypto journalist Eleanor Terrett pointed out that U.S. Judge Failla showed a different attitude when presiding over cases involving Tornado Cash and Uniswap developers, considering Uniswap as neutral infrastructure, while viewing Tornado Cash as involved in illegal financial activities, which could influence the future liability determination for DeFi project developers.

Manhattan prosecutors in the United States have requested a re-examination of the money laundering and sanctions violation charges against Tornado Cash founder Roman Storm, despite the jury failing to reach a consensus. Storm responded by stating he faces the risk of 40 years in prison and criticized the Department of Justice for double standards. The crypto community also expressed disappointment with the prosecutors' approach.