Enforcement Actions

Terraform Labs bankruptcy trustee sues Wall Street quantitative trading firm Jane Street, accusing it of using insider information to sell 85 million UST before the UST depeg, becoming a key player in the incident. Jane Street responded to the allegations as "baseless" and blamed Terraform's management failures. This case reflects that the aftermath of the Terra collapse is still ongoing and will further trigger legal battles.

Onchain investigator ZachXBT announced a major investigation regarding insider trading within a crypto company, set to be revealed on February 26. Market speculation centers around the Meteora protocol on Solana, currently deemed the highest suspect.

The High Court of the United Kingdom held an asset disposal hearing on February 16 to 17 regarding the Blue Sky Grey Money Laundering Case involving over 60,000 Bitcoins. More than 11,300 Chinese victims plan to submit claims for recovery, accounting for only about 8.8% of the total 128,409 victims. According to the UK's Proceeds of Crime Act, all victims can register evidence and assert their recovery rights at the High Court before May 22, 2026.

The Aftermath of the Terra collapse of 2022 is not finished yet. In the present case, Terraform Labs has sued Jane Street based on insider trading in connection to the dramatic collapse of TerraUSD and LUNA. As per the filing, a wallet associated with Jane Street had effected a huge sell-off of

An investment company in Tsim Sha Tsui, Hong Kong, that provides cryptocurrency settlement services, has approximately 20 clients who have reported their USDT accounts being hacked starting from January 2026. The total loss amounts to 2.67 million USDT, equivalent to about 20.87 million HKD. After an investigation, the police arrested 34-year-old network engineer Cai on February 23 on suspicion of theft. He is suspected of unauthorized access to the company's database and viewing customer account information.

The Third Branch of the Thai Immigration Bureau recently arrested a Chinese man (alias Mr. Duan) in a luxury residential area in Bang Phli, Samut Prakan Province. He is suspected of leading the BHE Exchange cryptocurrency platform scam, which affected over 20,000 victims and resulted in estimated losses of more than $128 million (approximately 900 million RMB). The suspect fled China in 2024 and has been hiding in Thailand. Chinese authorities have issued an arrest warrant for him on charges of fraud.

PANews February 24 News, according to Sing Tao Daily, a Hong Kong investment company providing cryptocurrency settlement platforms has about 20 clients reporting the loss of 2.67 million USDT, with a total loss of approximately HKD 20.87 million. After an investigation, police arrested a 34-year-old network engineer surnamed Cai yesterday. The individual is suspected of using his position to access the company's database without authorization, query client account information, and is suspected of stealing digital assets. This case is now handled by the Ninth Team of the Criminal Investigation Division of Yau Tsim Police District in Hong Kong, and several officers have visited the company to collect evidence.

The High Court of the United Kingdom held a hearing on Bitcoin money laundering cases from February 16 to 17. Over 11,300 Chinese victims plan to apply to the court for compensation, with a deadline of May 22. Under the Proceeds of Crime Act, victims can apply to establish their connection to the assets involved.

A Chinese man was arrested in Thailand for allegedly being involved in a scam related to the BHE Exchange cryptocurrency trading platform, affecting approximately 20,000 victims with losses exceeding $128 million. The man promised high returns, then the platform shut down. He has now been handed over to the investigation authorities and is awaiting deportation back to China for trial.

Bitcoin (BTC) continues its decline from the beginning of the week, currently around $63,500 as of February 24. The Ethereum Foundation has established a DeFi team to promote the development of the "DeFipunk" protocol. Jane Street was sued by Terraform Liquidation Party, accused of using insider trading to accelerate the crash.

Australian police have charged a 42-year-old man in connection with a crypto investment scam, defrauding over 190 vulnerable seniors of AUD 5 million. The suspect will appear in court on March 17, with another 36-year-old also under investigation.

On February 23, the stablecoin USD1 under the DeFi project World Liberty Financial (WLFI), associated with the Trump family, temporarily lost its dollar peg, dropping to a low of 0.994 USD before quickly rebounding. WLFI characterized the incident as a hacker-led "coordinated attack," but rumors of Eric Trump deleting posts and an undisclosed insider trading investigation suggest that this storm is far from over.

Gate News bot message, according to WSJ, Jane Street has been accused of insider trading that contributed to the collapse of Terraform. The trading firm faces allegations of engaging in improper trading activities connected to the Terraform incident.

On-chain investigator ZachXBT announced that on February 26th, he will reveal an insider trading scandal involving one of the most profitable companies in the crypto industry, drawing significant market attention. If the investigation proves true, it will impact overall trust and industry governance and could trigger regulatory pressure. The community is widely speculating about the involved company, and the market is highly sensitive to this event.

Odaily Planet Daily reports that on the X platform, on February 26, ZachXBT, an on-chain detective, announced the release of a major investigative report targeting a highly profitable company in the crypto industry. The report reveals that several employees of the company have been abusing internal data for insider trading over an extended period.

A 42-year-old man from Sydney has been charged over his alleged involvement in a $3.5 million (A$5 million) crypto investment scam that reportedly targeted more than 190 elderly and vulnerable Australians. The case comes as authorities across the country intensify efforts to combat the growing

In brief NSW Police have charged a 42-year-old man over an alleged $3.3 million crypto investment scam targeting 190 elderly Australians. Victims were directed to a platform called “NEXOpayment,” where funds were allegedly funneled through multiple crypto wallets in suspected laundering

John Deaton, a prominent crypto lawyer and U.S. Senate candidate, strongly opposes any leniency for former FTX CEO Sam Bankman-Fried, dismissing claims that FTX could have a net worth of $78 billion by 2025. Deaton emphasizes that court rulings and real creditor losses outweigh speculative recovery scenarios.

JPMorgan Chase admits to terminating its banking relationship with Trump after the 2021 Capitol riot, prompting his family to enter the cryptocurrency space. The former CEO confirmed in court that the related accounts were frozen, and Trump filed a lawsuit for political reasons, claiming $5 billion in damages.