Crypto Regulation and Compliance Updates

SafeMoon CEO Braden Karony was sentenced to 100 months in prison for defrauding investors in the SFM token, misappropriating funds, and ordered to forfeit $7.5 million. His actions defrauded thousands, leading to significant financial losses.

Sam Bankman-Fried, founder of FTX, has requested a new trial, claiming to have newly discovered evidence. Currently serving a 25-year sentence for fraud, he is now representing himself after firing his attorney.

_IMF reveals stablecoins bring both promise and peril to emerging economies. New research shows payment innovation meets currency substitution risks worldwide._ The International Monetary Fund just dropped some serious findings. Stablecoins aren’t just another crypto trend anymore. They’re

Gate News bot message: According to Inner City Press, SafeMoon founder Braden Karony has been sentenced to 100 months in prison.

BlockBeats News, February 11, According to Inner City Press, the Southern District of New York Federal Prosecutor's Office has just received documents from FTX founder SBF requesting a review of cryptocurrency crime cases.

Odaily Planet Daily reports that U.S. Treasury Secretary Yellen stated in an interview with Fox News that the Crypto Market Structure Bill needs to be passed this spring, adding, "We need to get the Crypto Market Structure Bill done," and also expressed optimism about passing the bill.

ChainCatcher reports that the U.S. Department of the Treasury's Office of Foreign Assets Control has imposed sanctions on gold trading company Jood SARL (headquartered in Lebanon).

YZi Labs issues a letter refuting CEA Industries' allegations of a "secret agreement," stating that the board was already aware of it and that the agreement was terminated in 2025. YZi Labs requests the board to clarify the misleading statement and protect shareholders' interests.

CertiK's "2026 Skynet Prediction Market Report" indicates that the predicted trading volume of prediction markets will reach $63.5 billion in 2025, with risks increasing accordingly. Legalized in the United States but banned in some EU countries, future efforts will need to address liquidity, security, and revenue models to achieve sustainable development.

ChainCatcher News, according to the Financial Times, the European Union has proposed a comprehensive ban on all cryptocurrency transactions with Russia to prevent sanctions evasion.

PANews February 10 News, according to Bubblemaps, the winner of the X Creator Competition with a $1 million prize, @beaverd, has been accused of profiting approximately $600,000 through a Memecoin project scam. The investigation found that their associated wallet had launched the $SIAS token, which once soared to a market cap of $6 million before rapidly dropping to zero, and all social media accounts were deleted. Additionally, @beaverd used multiple related wallets to operate, suspected of launching multiple Memecoins and ultimately cashing out.

Russia's communications regulator Roskomnadzor has implemented speed restrictions on Telegram since February 10, and has received over 13,000 user complaints about service disruptions. Although a complete ban is not currently planned, if Telegram fails to comply with legal requirements, it could impact its user experience in Russia and subsequently affect the TON blockchain ecosystem closely linked to it.

Odaily Planet Daily reports that Blockchain.com announced today that it has officially registered with the UK Financial Conduct Authority (FCA) and is authorized to operate crypto asset services, including brokerage, custody, and institutional-grade cryptocurrency services in the UK. The company obtained a MiCA (Markets in Crypto-Assets) license last year, enabling it to provide crypto services across all 30 European Economic Area (EEA) countries under a unified regulatory framework.

7 police officers and 5 men stormed a residence in Kajang, Malaysia, extorting approximately 200,000 ringgit from 8 Chinese tourists. They used threats of reporting as leverage, and the police have arrested the officers involved. The case highlights serious issues of crime and impersonation of law enforcement.

On February 10th, Sam Bankman-Fried, who has been sentenced to 25 years in prison on multiple charges of fraud and conspiracy, spoke out again through his verified X account, claiming "FTX has never gone bankrupt," and accused the company's lawyers of submitting a "false bankruptcy petition." This statement starkly contrasts with the U.S. court rulings, regulatory documents, and financial audit results, and has quickly attracted attention within the crypto community. According to judicial records, SBF was involved in embezzling over $8 billion of customer assets, leading the platform to become insolvent by the end of 2022. The massive losses of his affiliated trading firm Alameda Research were the direct cause of the collapse. Although subsequent asset recoveries and market rebounds have improved creditor expectations in some cases, prosecutors and judges both emphasized that this does not change the established facts of fraud.

PANews February 10 News, FTX founder SBF's X account posted that FTX has never filed for bankruptcy, claiming that after lawyers took over the company, a false bankruptcy petition was filed just 4 hours later, with the intention of profiting from bankruptcy proceedings.

In January, crypto users suffered significant losses due to address poisoning and signature phishing scams, with one victim losing $12.2 million. Increased attack volume may be linked to lower transaction costs after Ethereum's upgrade, prompting security warnings for users' vigilance.

French police arrested six suspects linked to the kidnapping of a magistrate and her mother, who escaped without paying a ransom. The incident highlights a rising trend of crypto-related crimes in France, prompting law enforcement action.

The CFTC revised guidelines to include national trust banks as stablecoin issuers, aligning with the FDIC framework and excluding algorithmic stablecoins. This change complies with the regulatory framework of the Genius Act@E1@, strengthens the compliance of the stablecoin market, helps establish legitimate financial models, and enhances investor confidence.

In brief Signature phishing victims jumped more than 200% in January, with $6.27 million stolen, blockchain security firm Scam Sniffer warned. Despite the spike, total phishing losses in 2025 were sharply lower than in 2024. Cheaper Ethereum fees after the Fusaka upgrade have made phishin