**Crypto Watchdog Eyes Offshore Betting Platforms**
- The CFTC is keeping a close eye on Polymarket and other offshore crypto betting platforms. đŻ
- 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 âPig Butcheringâ Scams**
- The SEC has taken its first action against crypto âpig butcheringâ 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 âunderground economy.â
- 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!