
Former SafeMoon Chief Sentenced to 100 Months, Ordered to Forfeit $7.5M
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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.

Federal Court imposes A$14 million penalty on BPS Financial and bars unlicensed crypto operations for a decade
Australia’s markets regulator won a Federal Court judgment forcing BPS Financial to pay A$14 million for promoting and operating its Qoin Wallet without required authorisation and for misleading representations. The court also ordered a 10-year prohibition on running unlicensed financial services, mandated publicity steps and assigned most legal costs to BPS.
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.
Former Trenchant Executive Admitted Selling Eight Zero‑Day Exploits to Russian Broker, DOJ Says
A former Trenchant general manager pleaded guilty to selling eight stolen zero‑day exploits to a Russian exploit broker, netting about $1.3 million in cryptocurrency. U.S. prosecutors say the tools could have enabled access to millions of devices and are seeking heavy penalties, including nine years in prison and $35 million in restitution.
South Korea breaks a cross-border crypto laundering operation that moved roughly W149 billion
Customs investigators uncovered a multi-year scheme that allegedly routed about 148.9 billion won through cryptocurrency and local bank accounts; three suspects have been referred to prosecutors. The action is part of a broader enforcement push as authorities tighten oversight of foreign exchange flows and underground exchange activity.

Russian Bitcoin Mining Chief Igor Runets Detained on Tax Evasion Charges
Igor Runets, founder and CEO of Russian crypto-mining company BitRiver, was detained and has been charged with multiple counts of concealing assets to avoid taxation; a Moscow court has restricted his freedom while the case proceeds. The move escalates regulatory and legal pressure on one of Russia’s largest mining operators amid prior sanctions, client departures and civil disputes over equipment and payments.
Judge Orders Elon Musk to Answer Questions in Dogecoin Investor Lawsuit
A federal judge has cleared the way for Elon Musk to be deposed in a class-action suit alleging his public statements affected Dogecoin’s market. The decision narrows immunity or avoidance arguments and opens targeted discovery into Musk’s communications and intent around cryptocurrency commentary.