đš Crypto News Flash! đš
The CFTC is keeping a close eye on Polymarket and other offshore crypto betting platforms. đ§ During a recent chat at Georgetown, CFTC Chair Rostin Behnam emphasized the need for these platforms to operate within legal boundaries. If they don't, enforcement action is on the horizon!
Meanwhile, the SEC has cracked down on its first-ever "pig butchering" scam, suing five entities and three individuals for allegedly swindling $3.2 million through fake exchanges CoinW6 and NanoBit.
Germany also made headlines by seizing 47 crypto exchanges tied to an "underground economy." The government claims these platforms were a haven for cybercriminals.
Lastly, the Feds busted two men living the high life after allegedly stealing $230 million in Bitcoin. Their luxurious escapades included nightclubs, international travel, and luxury cars.
What do you think about these crackdowns? Share your thoughts in the comments! đŹ