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"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.

According to a report from the British police, former world athletics championships 4×100 meter relay gold medalist, British sprinter CJ Ujah, along with nine others, has been charged with "conspiracy to defraud" in connection with a cryptocurrency scam.The police stated that the criminal gang impersonated police and cryptocurrency company personnel to carry out phone scams against multiple victims, inducing them to disclose key wallet security information, including seed phrases. They then transferred the victims' cryptocurrency assets, with one victim losing over £300,000. This case was cracked by the Eastern Region Special Operations Unit (ERSOU) after a joint investigation across Kent, Essex, and London. Ten suspects have appeared in court, with Ujah granted bail until a further hearing on May 28.The 32-year-old Ujah won the world championship 4×100 meter relay gold medal representing the British team in 2017 and also claimed the Diamond League title that same year. He was banned for 22 months in 2022 due to a doping issue, later determined to be a result of supplement contamination leading to a false positive. In addition to Ujah, another British sprinter, Brandon Mingeli, is also on the arrest list and is currently in custody awaiting trial.

The U.S. Securities and Exchange Commission (SEC) announced that it has filed lawsuits against 21 individuals, accusing them of participating in a nearly decade-long cross-border insider trading scheme, allegedly profiting millions of dollars illegally by using undisclosed material information leaked by several international law firms.The SEC pointed out that Los Angeles mergers and acquisitions lawyer Nicolo Nourafchan and his partner Robert Yadgarov organized and operated this insider trading network. Nourafchan is accused of stealing significant non-public information related to more than 12 corporate merger transactions from his law firm clients and leaking it to other participants, who then profited from the trades and returned a portion of the earnings. The SEC also stated that the two recruited another corporate lawyer to continue obtaining and disseminating more merger insider information for trading.The SEC stated that this enforcement action reflects its determination to "combat large-scale insider trading networks and hold the entire leak chain accountable." Meanwhile, the Massachusetts Attorney General's Office has filed criminal charges against all individuals involved. Regulatory agencies from multiple countries, including the FBI, the UK's FCA, and Switzerland's FINMA, are also assisting in the investigation.

According to official news, Gate will launch the Crazy Wednesday Enjoy Life special event from May 6 at 14:00 to May 10 at 16:00 (UTC+8). During the event, users can sign up to receive a 50 USDT dual currency experience fund (limited to 10,000 copies). By completing multiple tasks such as flash exchanges, spot trading, contracts, deposits, invitations, residual coin treasure, and on-chain earning, users can get a chance to open blind boxes and win luxurious gifts such as FOGO, lucky bags, Louis Vuitton adventure game hard cases, chess hard cases, and playing card boxes, with a 100% winning rate.In addition, this period will temporarily launch a 14-day fixed-term financial product for USDT, with an annualized return of 6%. Both new and existing users can also participate in residual coin treasure financial products for ETH, USDD, ES, AIA, SWCH, 0G, APT, enjoying up to 200% annualized returns. At the same time, users who sign up to participate in on-chain earning BTC, ETH, and SOL mining can enjoy increased annualized interest rates during the event, with staking annualized returns of up to 16%.

According to Cryptopolitan, a court in Barcelona is investigating six former Sevilla FC players for their alleged involvement in a fraud case related to the Shirtum crypto project.Newly submitted criminal complaints indicate that the project is accused of selling fake NFTs and manipulated tokens to investors, resulting in losses of over 24 million euros, approximately 28 million dollars. The players named in the complaint include Papu Gómez, Lucas Ocampos, Ivan Rakitić, Nico Pareja, Alberto Moreno, and Javier Saviola. Additionally, El Correo de Andalucía reports that Diego Perotti and Marcelo Guedes were also involved in promoting the project. Thirteen Spanish investors have filed a lawsuit with the Barcelona Investigative Court No. 5, claiming they lost all their funds.It is reported that Shirtum was promoted as a digital collectibles trading platform for football and sold "cinematic NFTs" containing player photos and recordings, priced at around 450 euros each. However, the complainants claim that these NFTs were never minted on any blockchain and cannot be transferred or resold. Furthermore, Shirtum's promoters previously obtained about 3 million euros in BNB from investors for the development of iOS and Android mobile applications, but the app was never launched, and the related funds were neither refunded nor accounted for.

MegaETH executive PaperImperium disclosed on platform X that documents from the U.S. District Court for the Southern District of New York show that the U.S. court has issued an injunction to Arbitrum DAO, prohibiting it from transferring approximately $71 million in ETH assets that were frozen during the KelpDAO hacking incident. The plaintiffs are attempting to use these funds to enforce unpaid judgment compensation related to North Korea's involvement in terrorism, kidnapping, and other cases over the years, and have applied to issue legal notice to Arbitrum DAO through alternative service, treating it as a "partnership organization" that can be held accountable.The court documents also indicate that Arbitrum DAO has a Security Council governed by ARB holders, which has the ability to take action in emergencies. Therefore, if relevant members refuse to cooperate, they may face legal liabilities such as contempt of court. The market believes that this case may become an important precedent for the U.S. judicial system directly constraining DAO governance structures and further highlights the compliance pressure on DeFi protocols within the real legal framework.

MegaETH supervisor PaperImperium disclosed on platform X that documents from the U.S. District Court for the Southern District of New York show that the U.S. court has issued a restraining order to Arbitrum DAO, prohibiting it from transferring approximately $71 million in ETH assets that were frozen during the KelpDAO hacking incident.The plaintiffs are attempting to use these funds to enforce unpaid judgment compensations related to North Korea's involvement in terrorism, kidnapping, and other cases over the years, and have applied to serve legal notice to Arbitrum DAO by alternative means, treating it as a "partnership organization" that can be held accountable. The court documents also indicate that Arbitrum DAO has a Security Council governed by ARB holders, which has the ability to take action in emergencies; therefore, if relevant members refuse to cooperate, they may face legal liabilities such as contempt of court. The market believes that this case may become an important precedent for the U.S. judicial system directly constraining DAO governance structures and further highlight the compliance pressures DeFi protocols face within real legal frameworks.

Multiple independent sources have confirmed to Caixin that the founding partner and director of a law firm in Chongqing has recently been taken away by relevant authorities. This lawyer is Peng Jing, the founding partner and director of Chongqing Jingsheng Law Firm. There is speculation that she has numerous connections with the officials who have recently fallen from grace.According to analysts, lawyers from law firms are usually not taken away by the Central Commission for Discipline Inspection, "but Peng Jing has a very large network, and her case involves too many people." On March 20, 2026, Chongqing Mayor Hu Henghua was reported to be under investigation, and on April 17, Luo Lin, a member of the Chongqing Municipal Committee and secretary of the Liangjiang New Area Committee, was also announced to have fallen. Reports from the local political and business circles in Chongqing suggest that the downfall of Hu Henghua and Luo Lin is related to bribery and money laundering through stablecoins, and "Peng Jing may be a key figure, helping others launder money under the guise of collecting legal fees." Sources indicate that in the Hu Henghua case, Lin Kechuang, the son-in-law of Lin Xiucheng, gave Hu Henghua 30.8 million USDT (approximately 210 million yuan, of which 10 million was for exchange fees). After Hu Henghua was investigated, the cold wallet was controlled, and authorities traced the funds from six other cold wallets held by Lin Kechuang; among them, a transfer of 15.5 million USDT that occurred simultaneously with Hu Henghua's was claimed by Lin Kechuang to have been sent to Luo Lin. Luo Lin was taken away by relevant authorities on April 14, 2026, and his home was searched on the evening of April 15, but this cold wallet was not found. Subsequently, authorities found Luo Lin's cold wallet at a third party's home.

According to CCTV News, the Office of the Foreign Investment Security Review Mechanism has legally made a decision to prohibit the foreign acquisition of the Manus project, requiring the parties involved to withdraw the acquisition transaction. Manus was initially developed by the Chinese company Butterfly Effect and became an overnight sensation after its release in March 2025. In June of the same year, it moved its headquarters to Singapore and ceased domestic operations, and in December 2025, it was announced by the American company Meta that it would acquire it for approximately $2 billion.Zhou Mi, a researcher at the Ministry of Commerce's Academy, stated that Manus moved the project to Singapore through funding and corporate transfer before selling it to an American company, which raises suspicions of intentionally evading regulation. If such practices are not controlled, more companies will follow suit, harming national development interests and security.Zhou Mi emphasized that China has consistently maintained an open attitude towards foreign investment but takes a cautious stance on sensitive investments involving key technologies and data security, stating that "evading regulation in a malicious manner will ultimately not achieve the intended purpose."

Police officer Guo Tingyu from the Cybersecurity Division of the Qingshan Branch of the Wuhan Public Security Bureau participated in the investigation of Hubei's first virtual currency theft case. By tracking the flow of funds and analyzing the code of fake wallets, he identified and dismantled a cryptocurrency theft gang involved in over 100 million yuan in illicit funds, with all five suspects arrested.The gang induced users to download a counterfeit virtual currency wallet app to steal coins, with a total download count of over ten thousand. Guo Tingyu also participated in the investigation of multiple virtual currency-related criminal cases.

According to The Block, Ciarán Fitzpatrick, the global head of ETF products at JPMorgan Securities Services, stated: "We believe that tokenization will definitely drive changes in the market, not only for ETFs but for the entire fund industry as well."Ciarán Fitzpatrick pointed out that given the many benefits that tokenization may bring, such as more convenient subscription and redemption, "almost instant settlement," and uninterrupted access, experiments with ETF tokenization are still ongoing. He added: "I think tokenization will become part of the ETF ecosystem, but it will be a few years before we see some really good use cases."

According to the Hong Kong Wen Wei Po, the Hong Kong police have disclosed the resolution of a cross-border phone scam case, where a criminal group impersonated mainland officials, specifically targeting mainland students studying in the UK and Australia.The scammers falsely claimed that the victims were involved in criminal cases such as money laundering and demanded their "cooperation in the investigation." They instructed the victims to travel to Hong Kong to purchase gold grains in multiple transactions at jewelry stores as "collateral," with each transaction not exceeding HKD 120,000 to evade the registration system of gold shops. The group members then collected and transferred the stolen goods. The gold grains were subsequently melted down into gold bars or exchanged for cash and virtual currency. The police have currently received a total of 7 related cases, involving approximately HKD 7 million, with the highest single case loss reaching HKD 1.6 million.

The French National Anti-Organized Crime Prosecutor's Office (Pnaco) has stated that cases of kidnapping and illegal detention involving cryptocurrency are continuing to surge. Among the 12 related cases currently under investigation, 88 people have been prosecuted, including more than 10 minors, and another 75 are in custody awaiting trial.Prosecutor's data shows that since 2023, French law enforcement has recorded 135 such cases, with 18 in 2024, rising to 67 in 2025, and reaching 47 so far in 2026. Many of these cases involve violent kidnappings, ransom extortion, and forcing victims to transfer cryptocurrency assets. The prosecution pointed out that some suspects have appeared multiple times in different cases, indicating the formation of a structured criminal network behind it. The previous kidnapping incident involving Ledger co-founder David Balland is also seen as an important sign of the escalating security risks in the French cryptocurrency industry.