
Kalder CEO Gökçe Güven indicted in U.S. over alleged fundraising and visa fraud
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Investors Sue Cere Network Founders, Alleging $41M Token Sell-Off and Seeking $100M
A San Francisco federal complaint accuses Cere Network’s co-founder and board of secretly liquidating millions of dollars in tokens and diverting funds, while a separate Delaware suit alleges broader corporate asset misappropriation. Plaintiffs seek $100 million in damages and point to trading activity and transfers to exchange accounts as core evidence of the alleged fraud.

Google engineers indicted over alleged SoC and cryptography files sent to Iran
Three San Jose-based engineers have been charged in a federal indictment accusing them of taking confidential processor and security-related materials from U.S. tech firms and transmitting them to Iran; arrests and court appearances occurred the same day. If convicted, defendants face significant prison terms, monetary penalties, and heightened scrutiny of access controls at chip and cloud companies.

CJNG-linked Kovay Gardens hit with U.S. Treasury sanctions over timeshare fraud
The U.S. Treasury designated Kovay Gardens and affiliated entities, alleging the resort fed a cartel-run fraud network that targeted American tourists. Authorities say financial intelligence and law-enforcement filings point to hundreds of suspicious reports and hundreds of millions of dollars in suspected losses tied to the scheme.

Meta Faces High-Stakes Trials Over Alleged Failures to Protect Children
Meta is defending separate, high‑profile proceedings in New Mexico and California that together probe whether product design choices across Facebook and Instagram exposed minors to predation and addictive use patterns. Plaintiffs plan to rely on thousands of internal documents and behavioral‑science experts while a bipartisan group of U.S. senators is pressing Meta for records after filings suggested safety changes were discussed earlier than their implementation.

Sam Bankman‑Fried asks U.S. court for a new FTX fraud trial
Sam Bankman‑Fried has a new motion seeking a retrial in the FTX fraud case, filed on his behalf by his mother who argues fresh evidence and missing testimony warrant reopening the matter. The plea faces an uphill climb after prior appellate skepticism, limited clemency prospects, and entrenched prosecutorial findings about misused customer funds.
Founder of Incognito Market Sentenced to 30 Years over Crypto-Facilitated Drug Trade
A federal court handed a 24-year-old operator a 30-year prison term and ordered forfeiture of roughly $105 million for running a crypto-enabled darknet marketplace that moved large quantities of illicit drugs. The platform’s internal crypto ledger, broad user base and millions in takings underscore continuing law-enforcement pressure on cryptocurrency-facilitated illicit markets.

South Korea jails crypto asset manager CEO for token-price manipulation
A Seoul court sentenced a crypto asset management CEO to three years in prison after finding he rigged trading to extract roughly 7.1 billion won, marking the first criminal enforcement under the new Virtual Asset User Protection Act. The verdict arrives as domestic regulators accelerate machine-driven surveillance and customs authorities step up anti‑money‑laundering actions, underscoring a broader enforcement push across crypto markets.
Kalshi Opens Washington D.C. Office, Hires Lobbying Leads as Regulatory Battles Intensify
Prediction market operator Kalshi has opened a Washington office and appointed seasoned policy veterans to lead federal and state engagement as it navigates mounting state-level legal challenges. The move accompanies a surge in trading volume and positions the company to press for clearer national rules while appealing adverse state court rulings.