Gate News message, April 23 — Tether froze two large whale wallets on the Tron blockchain holding a combined $344 million in USDT on Wednesday in coordination with the U.S. Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement. The two addresses held approximately $131.3 millio

Gate News message, April 23 — Tether froze two large wallets on the Tron blockchain holding a combined $344 million in USDT on Wednesday morning, in coordination with the U.S. Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement. The two addresses held approximately $131.3 mil

Gate News message, April 23 — Tether announced it has supported the U.S. government in freezing over $344 million in USDT across two wallet addresses. The action was coordinated by the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies to prevent

Gate News message, April 23 — Sullivan & Cromwell, a major Wall Street law firm, apologized to a federal judge after submitting a court filing containing approximately 40 incorrect citations and other errors caused by AI hallucinations. Andrew Dietderich, co-head of the firm's global restructuring t

Gate News message, April 23 — Japan's Financial Services Agency (FSA) has submitted legislation to Parliament proposing to reclassify crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act, according to remarks by Shigeru Shimizu, director of the FSA's Risk

Gate News message, April 22 — North Carolina has officially introduced House Bill 1029, the Digital Asset and Stablecoin Act, marking the state's entry into crypto regulation. The bill, developed following recommendations from a dedicated blockchain committee, aims to integrate digital assets into t

New York State filed lawsuits against two major crypto exchanges, alleging violations of its administrative law and noncompliance with the regulatory framework for digital asset trading platforms. Abstract: New York State filed lawsuits against two major crypto exchanges, alleging violations of its administrative law and noncompliance with the regulatory framework for digital asset trading platforms. The action signals intensified state oversight of crypto markets.

Gate News message, April 21 — Burwick Law has filed a federal class action lawsuit in the U.S. District Court for the Southern District of New York (SDNY) against the creators of AI16Z and ELIZAOS, including Walters, alleging violations of consumer protection laws, false advertising, and unjust

Russia proposes a law criminalizing unregistered crypto activity and bypassing the central bank, with up to seven years' forced labor; fines for individuals and operators; most transactions to run through banks, effective July 1, 2027.

Arbitrum froze 30,766 ETH from the KelpDAO hack, worked with law enforcement, and recovered about a quarter of assets, while locking funds pending governance amid decentralization versus security debates. Abstract: This article reports that the Arbitrum Security Council froze 30,766 ETH (about $70 million) tied to the KelpDAO exploit, with nine of twelve votes, and moved funds to a secure wallet in coordination with law enforcement. The operation targeted only affected assets to minimize network disruption. The exploiter is suspected to be DPRK-associated. The breach began April 18 via a LayerZero-powered bridge, draining 116,500 rsETH (~$292 million). About a quarter of stolen assets have been recovered. The frozen funds will remain locked until governance and legal authorities decide the next steps, prompting debate over decentralization versus security.