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According to Fortune, California cryptocurrency executive Adam Iza admitted on Monday to orchestrating a failed kidnapping attempt against the parents of Veer Chetal.The case is related to the $245 million Bitcoin theft that Veer Chetal was previously involved in. 25-year-old Adam Iza, also known as Ahmed Faiq, previously ran the cryptocurrency trading company Zort and referred to himself as the "Godfather." Veer Chetal and two others involved impersonated Google and cryptocurrency exchange technical support personnel to steal 4,100 Bitcoins from a Washington resident, which was worth approximately $245 million at the time.Adam Iza and his accomplices attempted to obtain part of the stolen funds by kidnapping Veer Chetal's parents. Additionally, Adam Iza admitted to stealing over $37 million by fraudulently accessing Meta's business manager accounts and credit lines between 2020 and 2022. Federal prosecutors are seeking at least 14 years of imprisonment during his sentencing.

According to Shandong Legal News, a Bitcoin theft case prosecuted by the Li Cang District Prosecutor's Office in Qingdao has been sentenced. The defendant, Zhang, was sentenced to 10 years and 9 months in prison for theft and fined 100,000 yuan.In the early hours of a certain day in 2024, the virtual currency wallet of the victim, Feng, was quietly accessed, and 107 Bitcoins were transferred, equivalent to over 22.54 million yuan at the market price on that day. It was found that Feng had entrusted an acquaintance, Zhang, to assist with the operation. During the process of registering the wallet on behalf of Feng, Zhang obtained the mnemonic phrase, and after multiple attempts in the early morning, he cracked the wallet and transferred the Bitcoins. After being apprehended, Zhang claimed that his actions were a "protective takeover" to prevent the Bitcoins from being stolen by others. The prosecution traced the funds and found that the stolen Bitcoins were transferred multiple times and exchanged for over 660,000 yuan, exposing his lies.The prosecution determined that Bitcoin has economic value and exclusive control, meeting the core characteristics of "property" in criminal law, and can be the object of theft. The actual proceeds from the sale of the stolen Bitcoins, amounting to over 660,000 yuan, were used as the basis for the theft amount. After the defendant appealed, in November 2025, the Qingdao Intermediate People's Court ruled to dismiss the appeal and upheld the original sentence. This case is a typical example of Qingdao's legal punishment of crimes in the virtual currency field, clearly conveying the judicial stance: activities related to virtual currency must be conducted within the legal framework, and stealing others' virtual property also constitutes a crime.

Galaxy stated that in March this year, the New York State Supreme Court quietly accepted a lawsuit aimed at confirming the ownership of over 3.7 million bitcoins (approximately $27.4 billion) associated with 39,069 bitcoin addresses, including addresses belonging to bitcoin founder Satoshi Nakamoto (a total of 21,744 addresses holding 1.09 million bitcoins, valued at $83.7 billion at current prices).The plaintiffs are Noah Doe (a pseudonym) and two unnamed limited liability companies from Wyoming. Noah Doe requests the New York State Supreme Court to declare their ownership of these dormant addresses through a declaratory judgment action under New York State's lost property law (Section 7-B of the Personal Property Law) as per the New York Civil Practice Law and Rules Section 3001.In short, they are trying to have the New York court rule that the bitcoins of bitcoin founder Satoshi Nakamoto (and many other lost address bitcoins) belong to lost property, and they claim the right to legally own them because they "found" these cryptocurrencies. From June 30 to July 10, 2025, they sent "abandonment notices" via OP_RETURN to each found address. However, even if they win completely, they will only receive a court statement; they will not obtain any private keys and will not be able to transfer any bitcoins from these addresses.But Galaxy indicated that the real value of the New York ruling lies in its potential to serve as a "title defect." If these bitcoins appear in any regulated venue, the plaintiff Noah Doe can use this document to raise objections with exchanges or custodians.

The French newspaper "Le Monde" revealed that there has been new progress in the investigation of a cryptocurrency-related kidnapping case that occurred in 2023. French law enforcement discovered a transnational money laundering network involving multiple countries and cryptocurrency wallets while tracing the flow of a €1.7 million cryptocurrency ransom. The victim was the father of the well-known crypto influencer "TeufeurS." The kidnappers threatened the victim's family via text messages and demanded ransom payment in cryptocurrency. Ultimately, TeufeurS transferred a total of €1.7 million to the kidnappers' designated wallet in two installments, after which his father was released.The investigation showed that part of the ransom flowed into wallet accounts controlled by foreign nationals after multiple transfers. One transfer of $131,000 was successfully traced by the French gendarmerie, with leads ultimately pointing to a cryptocurrency wallet controlled by Venezuelan nationals. The case further revealed the complex chain of money laundering utilized by criminal organizations through cross-border cryptocurrency transfers, anonymous wallets, and overseas platforms. The report stated that this case is considered one of the significant examples of kidnapping and extortion cases in the European cryptocurrency industry and may serve as an early template for multiple kidnapping cases targeting cryptocurrency practitioners in France and Europe in 2025.

Recently, the U.S. Department of Justice sued Google software engineer Michele Spagnuolo, accusing him of using confidential internal information from Google to engage in prediction market trading on Polymarket, illegally profiting approximately $1.2 million.Polymarket stated on the X platform that Michele Spagnuolo's insider trading behavior had long been flagged by its market integrity system, and Polymarket proactively reported the case to law enforcement, ultimately leading to Michele Spagnuolo's successful arrest. Polymarket claimed that the two insider trading cases involving arrests in the prediction market currently stem from the platform's criminal reports.Another individual arrested by the U.S. Department of Justice for insider trading in the prediction market is Gannon Ken Van Dyke, who, as a participant in the Maduro capture operation, relied on insider information to profit over $409,000 in the prediction market, and he was arrested on April 23.

Crypto journalist Eleanor Terrett posted on the X platform that, according to private messages made public last year by Brian Quintenz, a former CFTC chair nominee appointed by Trump, he previously refused to comment on enforcement actions related to Gemini before formally confirming the chair position.Eleanor Terrett stated that, at present, current CFTC chair Caroline Pham has aligned her position with the Winklevoss brothers, believing that the CFTC should not have sued Gemini from the beginning.She further indicated that whether to revoke the relevant consent order will be decided by a judge in the Southern District of New York. A legal expert stated that this move constitutes a "highly unusual step."

The Southern District Prosecutors' Office of Seoul, South Korea, has detained and prosecuted 2 individuals and prosecuted 3 individuals without detention in relation to the Rug Pull case of the Solana meme coin CATFI on decentralized exchanges (DEX). The prosecution stated that this is the first case applying the unfair trading provisions of the Virtual Asset User Protection Act and also the first case to detain and prosecute the main perpetrator of a DEX Rug Pull case.

The State Council Information Office held a series of themed press conferences titled "Starting Off the 14th Five-Year Plan," introducing the situation regarding "Promoting Comprehensive Rule of Law." Liu Guixiang, a deputy-level full-time member of the Judicial Committee of the Supreme People's Court and a second-level chief judge, stated that the Supreme Court will conduct in-depth research on the adjudication rules for new types of cases such as virtual currencies and cross-border finance, and will formulate judicial interpretations on civil compensation related to insider trading and market manipulation as soon as possible, to ensure the stable operation of the capital market and protect the legitimate rights and interests of small and medium-sized investors.In addition, he also mentioned that in response to the new business models of the digital economy, the Supreme Court will study and formulate normative documents regarding judicial protection of artificial intelligence cases and data property rights, improving the adjudication rules concerning data ownership, data transactions, and AI generation.

According to Bitcoin.com, the High Court of Windhoek, Namibia, revoked the bail of 8 absent defendants in a cryptocurrency fraud and human trafficking case and confiscated approximately $29,800 in bail money. The prosecution stated that the 8 individuals include 6 Chinese nationals, 1 Vanuatu national, and 1 Singaporean national, with 6 Chinese suspects tracked down to China. Namibian authorities have requested assistance from Interpol to locate them.The criminal group operated under a front company called Raylon Investments from December 2022 to October 2023. The group is suspected of recruiting unemployed Namibians and forcing them into labor. The state government stated that these employees were compelled to create fake social media accounts impersonating women from Europe and the United States to lure international victims into romantic relationships. Once trust was established, victims were manipulated into transferring money to cryptocurrency accounts controlled by the criminal group. Investigators estimate that the group stole approximately $267,800 from victims worldwide.

According to Blue Whale News, the China Securities Regulatory Commission previously announced that it has initiated an investigation and issued a prior notice of administrative penalties against Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited for illegal securities business operations within the country and related entities.Tiger responded by stating: "The company has noted the relevant notification and will strictly comply with regulatory requirements to actively cooperate with related work. Currently, all of the company's business operations are normal. Tiger always prioritizes compliance and maintains close communication with regulatory agencies."

According to Zhejiang Daily, recently, the Ningbo Customs Anti-Smuggling Bureau successfully dismantled multiple criminal gangs smuggling virtual currency "mining machines" through in-depth operations and meticulous investigations, effectively cutting off an illegal industrial chain.Previously, during a routine inspection of a batch of imported express shipments declared as "industrial blockers," Ningbo Customs discovered that the actual goods did not match the declaration and were, in fact, virtual currency "mining machines." Customs officers quickly transferred this lead to the anti-smuggling department. After receiving the report, the Ningbo Customs Anti-Smuggling Bureau immediately assembled a task force by drawing on elite personnel, and through data analysis and clue investigation, gradually clarified the organizational structure and operational model of the criminal network. When the timing was right, they decisively struck, simultaneously conducting net-seizing operations in Dongguan, Shenzhen, and other locations, successfully dismantling multiple smuggling gangs of mining machines.Upon investigation, it was confirmed that this series of cases seized over 400 illegal entry mining machines of brands such as Ant L9 and Ice River KS3. The investigation revealed that the smuggling gang led by Liao, in order to make illegal profits, procured "mining machines" from overseas suppliers, disassembled the whole machines, and misreported the product names to smuggle them into the country through international express channels from ports in Ningbo, Guangzhou, and other places. After the goods entered the country, the gang reassembled them, either selling them directly domestically or transporting them to hidden "mining sites" in Xinjiang, Hunan, and other places to engage in illegal virtual currency "mining" activities. At the same time, they utilized virtual currencies like USDT for cross-border payment settlements to evade financial supervision.

Bernstein analysts stated last week that Figure Technology Solutions' first-quarter financial report shows the company is rapidly becoming a unique presence in the blockchain market platform. The performance released by Figure on May 11 significantly exceeded Wall Street expectations in both revenue and EBITDA, with its core business transforming real-world credit assets into blockchain-native tools that can be traded and financed on-chain.Analysts believe Figure is building a blockchain-native capital market ecosystem, fundamentally differentiating itself from traditional balance sheet-based fintech lending platforms, and expect its stock FIGR to become a real-time reflection of blockchain loan volumes. Bernstein pointed out in a research report on May 15 that on-chain real-time data indicates Figure is about to welcome a record-breaking second quarter.Co-founder Mike Cagney introduced that the company's Forge platform can convert entire loans into small single-dollar liquidity participation units, addressing the liquidity challenges of RWA in DeFi. Bernstein previously estimated that the potential market size for annual credit issuance that could migrate on-chain could reach $4 trillion, while the current tokenized credit market is approximately $5.14 billion.

According to the Zhejiang Daily, the Ningbo Customs Anti-Smuggling Bureau in Zhejiang, China, recently cracked multiple cases of smuggling virtual currency mining machines, dismantling several criminal gangs and seizing over 400 mining machines of models such as Ant L9 and Ice River KS3.The report states that the involved gangs misrepresented the mining machines as "industrial block devices" and smuggled them into the country through international express channels from ports in Ningbo, Guangzhou, and other locations. They then reassembled the machines and sold them domestically or transported them to mining sites in Xinjiang, Hunan, and other areas for hosting and mining.Investigators stated that the relevant gangs also used USDT for cross-border payment settlements to evade financial regulation.

"On-chain detective" ZachXBT stated that the hacker "Dritan Kapplani Jr" transferred approximately $2.59 million in assets, including 1.99 million DAI and 259 ETH. The related funds were transferred from address 0x4487...bba6 to address 0x67ec...125d, and the stolen funds are currently in a stagnant state.ZachXBT indicated that it released an investigation report on May 12, detailing the connections between Dritan Kapplani Jr and Trenton (Trent) Johnson in a social engineering theft case involving 185 bitcoins (approximately $13 million).

According to Reuters, the Polish parliament has passed a cryptocurrency regulation bill to implement the EU's Markets in Crypto-Assets Regulation (MiCA), with Poland required to complete the implementation of related rules by July. The legislative backdrop is the alleged large-scale fraud involving the Polish cryptocurrency exchange Zondacrypto. Polish prosecutors have launched a multi-million dollar fraud investigation, with expected user losses exceeding 350 million zlotys (approximately 95.93 million USD), and thousands of users are currently unable to withdraw their funds.Polish Prime Minister Donald Tusk previously stated that "Russian funds" and foreign political influence issues may be involved behind Zondacrypto. The exchange's founder Sylwester Suszek went missing in 2022, and the current head Przemyslaw Kral reportedly has gone to Israel. Polish President Karol Nawrocki had previously vetoed the related MiCA implementation bill twice, believing that the regulatory requirements were too burdensome and could lead to the loss of cryptocurrency businesses.

According to CoinDesk, the U.S. law firm Charles Gerstein has filed a petition in the Manhattan federal court, requesting an order for Tether to transfer over $344 million of frozen USDT to victims holding judgments against Iran for unpaid terrorism claims. These USDT were previously frozen by Tether after the U.S. Treasury Department's Office of Foreign Assets Control identified the related Tron wallets as belonging to the Islamic Revolutionary Guard Corps of Iran.The plaintiffs argue that since OFAC has designated the relevant wallets as owned by the Iranian Revolutionary Guard Corps, and Tether has frozen the related tokens, Tether can fully reissue an equivalent amount of USDT to a wallet controlled by the victims' attorney. This case is part of a broader legal strategy by Charles Gerstein aimed at leveraging the ability of crypto platforms to freeze and transfer digital assets to enforce terrorism-related judgments. Unlike the Arbitrum case involving North Korean-linked hacker funds, in this case, OFAC has clearly designated the relevant wallets as owned

According to Cointelegraph, the Commodity Futures Trading Commission (CFTC) submitted an amicus brief to the U.S. Court of Appeals for the Sixth Circuit in support of Kalshi's appeal in its lawsuit against Ohio, arguing that prediction markets should be under the jurisdiction of the CFTC.The CFTC pointed out that Ohio's previous request for Kalshi to cease offering sports event contracts constitutes "jurisdictional overreach." The CFTC stated that if state governments can restrict sports event contracts traded on designated contract markets (DCM), their long-term regulatory authority over event contracts, swaps, and binary options markets could be affected. The outcome of this case will also impact prediction market platforms such as Kalshi and Polymarket.

The U.S. Court of Appeals is hearing the appeal case of Roman Sterlingov, focusing on the key discussion of whether cryptocurrency services are subject to U.S. law. The case centers on: whether a small number of transactions conducted by law enforcement in Washington is sufficient to establish jurisdiction; and the reliability of evidence identifying the defendant through "IP overlap analysis" by the FBI. The U.S. Department of Justice argues that Bitcoin Fog, as a global money transfer service aimed at U.S. users, should be bound by U.S. law; while the defense questions the law enforcement's "artificial creation of jurisdiction."

Bitget officially launched a new educational series called "Panoramic Trading Room UEX Roundtable." This series focuses on advanced traders, with the core concept of "Beyond the Chart," covering professional topics such as advanced technical analysis, cross-asset allocation strategies, order flow interpretation, and risk control system construction. The series invites industry veteran analysts to deeply analyze real trading cases, helping traders overcome the critical threshold from "reading charts" to "execution," gradually establishing a more systematic trading framework.The product manager of Bitget UEX stated: The crypto market is never short of information; what is truly scarce is a mature trading system. Most traders are overwhelmed by a vast amount of market signals daily, making it difficult to efficiently identify and apply them. The "UEX Roundtable" adheres to a theme for each session, relying on practical case analysis methodology to ensure that the content is understandable, reusable, and applicable.The first episode of "Panoramic Trading Room UEX Roundtable" premiered on YouTube and is simultaneously covered on community channels such as X platform and Telegram. At the same time, a topic voting mechanism for the audience is open, encouraging content co-creation and continuously delivering professional content that aligns with market dynamics and focuses on practical application, empowering advanced traders continuously.

The People's Court of Haidian District, Beijing, disclosed a case involving virtual currency "box opening." The defendant illegally obtained citizens' personal information through encrypted communication tools and other channels, unlawfully acquiring over 900 million pieces of information data, building a "social engineering database" website storing over 170 million pieces of citizens' personal information, and profiting by selling it in exchange for virtual currency. Additionally, they used encrypted communication tools to establish a "box opening hang person" group to publish illegal information that infringes on privacy.The court sentenced the principal offender, Lin, to 7 years in prison for the crime of infringing on citizens' personal information and the crime of illegally using information networks, and imposed a fine of 70,000 yuan.