**Crypto Watchdog Eyes Offshore Betting Platforms**

- The CFTC is keeping a close eye on Polymarket and other offshore crypto betting platforms. 🎯

- Chair Rostin Behnam emphasized the need for these platforms to operate legally and within US laws.

- Enforcement actions will follow if significant US exposure is detected without proper registration.

**SEC Targets “Pig Butchering” Scams**

- The SEC has taken its first action against crypto “pig butchering” scams, suing five entities and three individuals.

- Fake exchanges CoinW6 and NanoBit allegedly stole $3.2 million by gaining investors' trust through social media.

**Germany Shuts Down 47 Crypto Exchanges**

- Germany has seized 47 crypto exchanges linked to an “underground economy.”

- The exchanges allegedly helped cybercriminals launder money by concealing the origin of funds.

**Feds Bust Bitcoin Bandits**

- US federal agents arrested two men for a $230 million Bitcoin scam.

- The suspects allegedly used stolen funds for a lavish lifestyle, including nightclubs and luxury vehicles.

Stay tuned for more crypto updates!