FTX Liquidation Trust to Distribute Approximately $2.2 Billion to Creditors on March 31

Sun Yuchen sues Trump’s family World Liberty Financial: alleges it froze $1 billion in tokens, applying pressure to inject USD1

Justin Sun sued the Trump family’s WLF in the United States, alleging that it unlawfully froze WLFI and pressured investors to inject USD 1 stablecoins, involving tokens with a potential value of up to one billion dollars. The complaint states that WLF secretly modified the contract and introduced a blacklist, without going through any governance process. WLF says there is no basis, and the case is still in its early stages; later evidence may reveal that it could reshape the governance and business landscape of the crypto industry.

Hong Kong SFC Strengthens Global Regulatory Cooperation to Combat Illegal Activities by Financial Influencers

Gate News message, April 24 — Hong Kong's Securities and Futures Commission (SFC) announced it is working with securities regulators worldwide to combat illegal activities by financial influencers. Over the past year, the SFC has made progress through enforcement actions and collaboration with

Jane Street Files Motion to Dismiss Terraform Labs' Insider Trading Lawsuit

Gate News message, April 24 — Jane Street has filed a motion to dismiss the lawsuit brought by Terraform Labs' bankruptcy estate, which accuses the quant trading firm of precipitating the collapse of the UST/LUNA algorithmic stablecoin. The motion was filed at the Southern New York District

Wisconsin Sues Kalshi, Polymarket, Robinhood, Crypto.com, Coinbase Over Sports Contracts

The Wisconsin Department of Justice filed three complaints in Dane County on Thursday targeting Kalshi, Robinhood, Coinbase, Polymarket, and Crypto.com, along with their affiliates, alleging they offered sports-related event contracts that function as illegal gambling under state law. Wisconsin Atto

U.S. Special Operations Forces Chief Warrant Officer Arrested: Used Classified Intelligence to Bet on Maduro on Polymarket, Profited $400k

The U.S. Department of Justice in the Southern District of New York has indicted U.S. Army Special Forces officer chief Gannon Ken Van Dyke, alleging that he used classified information to bet on Polymarket on the outcome of Maduro’s arrest, earning approximately $409,881 (13 transactions, 2025-12-27 to 2026-1-26). The charges include illegal use of confidential information, theft of nonpublic information, commodity transaction fraud, wire fraud, and illegal money transactions, among others. It is described as the first federal prosecution centered on insider trading and arbitrage with a prediction market, which may affect future regulatory directions.

A former Huobi executive was acquitted by a Hong Kong High Court ruling that found the charges to be unsubstantiated; allegations of Tether dark-pool trading were not substantiated

On April 24, the Hong Kong High Court’s seven-member jury, by a majority vote, found not guilty of allegations against Chen Bo-liang, a former senior manager of cryptocurrency exchange Huobi (now renamed HTX), concerning accusations that he used a pseudonymous personal account in 2020 to trade on Huobi’s platform dark pool. The court also ruled not guilty on all charges, including six counts of accessing a computer with criminal or dishonest intent and one count of money laundering. The amount involved relates to 5 million Tether (USDT) tokens.