**CFTC Eyes Offshore Crypto Betting Platforms**

The US Commodity Futures Trading Commission (CFTC) is keeping a close watch on Polymarket and other offshore crypto betting platforms. During a July 17 discussion, CFTC Chair Rostin Behnam emphasized the need for these platforms to operate legally and within US laws. Behnam warned that significant unregistered activities targeting US customers could trigger enforcement actions.

**SEC Cracks Down on Crypto 'Pig Butchering' Scams**

On Sept. 17, the SEC launched its first action against crypto "pig butchering" scams, suing five entities and three individuals linked to fake exchanges CoinW6 and NanoBit. The accused allegedly stole $3.2 million by gaining investors' trust via social media and showing false information.

**Germany Seizes 47 Crypto Exchanges**

On Sept. 19, Germany shut down 47 crypto exchanges accused of facilitating an "underground economy." The exchanges allegedly helped cybercriminals launder money by concealing the origins of illicit funds, benefiting botnet operators, ransomware attackers, and black market traders.

**Feds Nab Bitcoin Bandits Behind $230M Scam**

US federal agents arrested two men on Sept. 19 for stealing $230 million in Bitcoin from a Washington, D.C. resident. Jeandiel Serrano and Malone Lam allegedly used multiple aliases and complex methods to transfer and launder the stolen funds, funding a lavish lifestyle with luxury goods and international travel.