Legal
Fined $422M, Coupang Sparks US-Korea Clash
Seoul's record $422 million fine on Coupang draws Washington pushback, as lawmakers question whether Korea is treating the company fairly.
Masthead · Legal Affairs Writer
James Okafor
Washington, D.C. · Joined January 2026
Georgetown Law '18. Chose journalism over practice. Covers DOJ fraud cases, patent wars, and qui tam whistleblower suits. Washington, D.C.
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Stories by James
Legal
AliExpress Fined $625M Over Unsafe Toys, Cosmetics
The EU's largest Digital Services Act fine yet accuses AliExpress of giving moderators mere seconds to catch banned toys and cosmetics.
Legal
Orders French ISPs to Block Polymarket
France ordered its internet providers to cut off Polymarket, citing hacked weather sensors and zero identity checks on French bettors.
Legal
Coca-Cola's Fairlife Halts Output in 17th US Breach of 2026
Coca-Cola's Fairlife brand just became the 17th US cyberattack of 2026, and the SEC's four-day disclosure clock is already running.
Legal
20 AGs Ask OCC to Block OppFi's $130M Bank Buy
20 state AGs told the OCC, FDIC and Fed to kill OppFi's and Enova's bank buys, calling the deals a blueprint for evading rate caps.
Legal
2 Teens Jailed 5.5 Years in £29M TfL Hack
Two teens got 5.5 years for a £29M TfL hack, the UK's first conviction under a law meant for critical-infrastructure sabotage, prosecutors say.
Legal
3 Russians Indicted in $62M Bulletproof Hosting Case
DOJ charges a St. Petersburg trio who allegedly rented server space to ransomware gangs, no arrests, just a $10M bounty.
Legal
Push Fed to Shelve 2023 Debit Interchange Rule
A credit union trade group wants the Fed's own 2023 debit-fee rewrite scrapped, not paused, amid ongoing litigation over the rule.
Legal
Ordered: iSun Execs to Pay SEC $463,000
Three former iSun officers quietly put their spouses on payroll using PPP loan funds, and the SEC made all three pay six figures for it.
Legal
Oregon Sued Over 36% Cap as NAIB Seeks Injunction
Bank trade groups say Oregon's new 36% interest rate cap breaks federal preemption law, and a Colorado court already ruled their way once.
Legal
Apple Sues OpenAI in N.D. Cal., Musk Piles On
Apple's trade-secret suit against OpenAI hit courts months after Musk's own case collapsed, and the two feuds are now colliding in public.
Legal
Sentenced Martino to 70 Months for BlackCat Betrayal
A ransomware negotiator sold out five clients to BlackCat hackers for a payoff. He got 70 months and a $10M asset seizure.
Legal
Sentenced: Negotiator Martino Gets 70 Months for BlackCat
DigitalMint hired him to negotiate ransoms. He fed victims' insurance limits to BlackCat hackers and pocketed a cut of every payout.
Legal
Pleads Guilty to $15M Ryuk Ransomware Scheme
An Armenian hacker living in Ukraine and Russia now faces 15 years after admitting his role in a $15 million Ryuk ransomware extortion ring.
Legal
Caught Hiding 78M Chat Logs, OpenAI Faces Sanctions
OpenAI sat on 78 million searchable ChatGPT logs for two years while telling a federal judge the searches were impossible, NYT says.
Legal
Accused: xAI Buried 7,000-Image Grok CSAM Probe
A stepfather's suicide, 7,000 images, and weeks of stonewalling: an amended suit says xAI hid evidence from cops investigating its own AI.
Legal
FCC Kills Rule Forcing ISPs to List Fees
Comcast complained the rule was burdensome. Now the FCC agrees, and ISPs can bury fees in one "up to" price.
Legal
FTC Warns 8 Firms Over Fake 'Made in USA' Tags
Eight companies got FTC warning letters over questionable 'Made in USA' claims, the same playbook that cost TouchTunes $625,000 in April.
Legal
Texas Probes StubHub Over World Cup Ticket Cancellations
Texas AG Ken Paxton is investigating StubHub for cancelling World Cup tickets hours before kickoff, calling it possible ghost ticketing.
Legal
Cut $240M From Chemical Safety Rule, EPA Proposes
EPA wants to slash the chemical-accident rule a federal judge forced it to write in 2019, as weekly plant explosions and leaks keep piling up.
Legal
Charged: Stokes, 19, Tied to $100M Spider Case
He flaunted diamond chains and Paris hotels online while still a minor. Now, at 19, the Scattered Spider hacker faces federal charges in Chicago.
Legal
EagleBank Pays $9.7M Over BSA Failures
EagleBank's compliance team flagged a check-kiting scheme in 2008. Executives overrode them anyway, and it cost $9.7M to make the DOJ go away.
Legal
JPMorgan Files to Vacate $4.2M Bodner Award
JPMorgan wants a federal judge to erase the $4.2 million award a FINRA panel gave a broker fired over a $642 deli platter ordered for absent clients.
Legal
Filed: SAFE Banking Act, House 7 Wins, Senate 0
The SAFE Banking Act has cleared the House seven times without a Senate vote. Cannabis reclassification may finally change that math.
Legal
SCOTUS Ruled 5-4: Trump Can't Fire Fed's Cook
Roberts held Trump's Cook firing violated the for-cause bar and denied her due process, while the same court backed his FTC firing.
Legal
EU Directive Targets €11B VAT Fraud, Forces AR Overhaul
EU Directive 2025/516 targets up to €11B in annual VAT fraud, and CFOs who treat it as an IT project will solve compliance and nothing else.
Legal
CISA Orders Cisco UCM Patch by June 28, Attackers Inside
Two critical CVEs hit the KEV catalog this week with June 28 deadlines: Cisco UCM is actively exploited, PTC's PLM suite is under attack.
Legal
Polymarket Loses $3M in Frontend Supply-Chain Attack
Hackers drain $3M from under 15 Polymarket accounts via a compromised frontend vendor, prompting a full reimbursement pledge from the $9B platform.
Legal
Trump Threatens 100% Tariff on Digital Services Tax
Trump's 100% tariff threat explicitly supersedes existing trade deals, with France, Denmark, and Portugal already in the crosshairs.
Legal
Named: Russian Hackers Behind $2.5B JLR Attack
Nine months after Russian hackers halted production at one of Britain's biggest employers, the £1.5B government bailout bill has a name attached.
Legal
CBZC Busts 4-Member SIM-Swap Crypto Ring
Polish CBZC and FBI arrested four in a SIM-swap crypto theft ring facing 25 years; FBI involvement suggests U.S. victims and federal proceedings.
Legal
Sued: 400 Papers Allege OpenAI Copyright Theft
Former NJ AG's new firm just sued OpenAI and Microsoft on behalf of nearly 400 newspapers, and the DMCA claim may be the sharper weapon.
Legal
EU Flags AWS, Azure as Cloud Gatekeepers
For the first time, EU cloud rules could bind AWS and Azure, even though neither company cleared the DMA's standard numeric thresholds.
Legal
Filed Under RICO, Microsoft Cuts 326 Cybercrime Servers
Microsoft's RICO filing merged two separate malware families into one conspiracy; the takedown hit 326 servers and froze $47M in criminal crypto.
Legal
Alibaba Sues Pentagon Over 188-Entity Military Blacklist
Alibaba sued the Pentagon in San Jose on June 23, claiming its Section 1260H designation violates due process, with a DoD contract ban due June 30.
Legal
OCC Brings Stablecoin Issuers Under Bank Secrecy Act
OCC's Bank Secrecy Act rule for stablecoin issuers arrived the same week five agencies jointly proposed mandatory KYC for the same companies.
Legal
CISA Orders Splunk Patch by Sunday Under BOD 26-04
With 1,400+ Splunk instances exposed online, CISA just gave federal agencies three days to patch a 9.8-severity flaw attackers are already hitting.
Legal
CISA Orders Splunk Patch by June 21 for Active RCE
CISA's hard patch deadline for an actively exploited Splunk RCE hits agencies that use the same platform to detect intrusions in the first place.
Legal
Vendor Breach Exposes 3M Texas Hunting Licenses
Three million Texas hunters and anglers had their driver's licenses and passport numbers exposed — and TPWD still won't name the vendor.
Legal
Leaked: Nintendo Employee Files After $2M Demand
Shadowbyt3$ leaked Nintendo employee W-9s and bank statements after the company refused a $2M ransom demand routed through a WebMD subsidiary.
Legal
FTC Orders Aurobindo to Shed 4 Drugs in $250M Lannett Deal
FTC's proposed consent order forces Aurobindo to sell four generics to rival Quagen Pharmaceuticals before its $250M Lannett acquisition can close.
Legal
UK Bans TikTok, Instagram for Under-16s in 2027
Keir Starmer orders six platforms including TikTok and YouTube to block all under-16s by spring 2027, with AI chatbot age gates on top.
Legal
Jailed 21 Months for Sabotaging Iowa School District
An Iowa IT worker kept Saydel School District's credentials after quitting, then spent 21 months deleting accounts and disrupting classrooms.
Legal
Stole $1.9B via AI, Outsider Enterprise Hit With RICO Suit
Google's own Gemini was the weapon of choice for a China-based phishing ring that caused $1.9B in losses. Now Google is the plaintiff.
Legal
ShinyHunters Extorts 100+ Orgs via Oracle Zero-Day
Oracle's PeopleSoft had no patch for two weeks while ShinyHunters breached 100+ organizations, with 454,600 student records already leaked.
Legal
Breached: Oracle PeopleSoft Zero-Day Hits 100 Orgs
Oracle's PeopleSoft zero-day hit 100+ organizations, 68% of them universities, with student finance records now on a hacking group's leak site.
Legal
ShinyHunters Breached 300 Oracle PeopleSoft Servers
ShinyHunters confirms breaching 300 Oracle PeopleSoft instances at 100+ organizations, with zero-days in play and universities hit first.
Legal
CFTC Proposes Bar on War, Terror Prediction Bets
CFTC's prediction market rule proposes a categorical bar on war and terrorism bets, citing assassination-plot conflicts of interest.
Legal
CISA Orders Agencies to Patch Check Point VPN in 3 Days
Qilin ransomware hit a few dozen organizations through a CVSS 9.3 Check Point VPN flaw before a patch existed. Agencies have until June 11.
Legal
Filed: Banks, FDIC, 21 AGs Challenge Colorado Rate Law
Colorado's DIDMCA opt-out drew an amicus coalition of FDIC, OCC, 21 state AGs, and the U.S. Chamber against it in the Tenth Circuit.
Legal
Sued Over DOGE Breach; Tens of Thousands of Stryker Devices Wiped
House Democrats say DOGE's Social Security grab may be the largest breach in U.S. history, and Iran and China had a very bad quarter too.
Legal
FCA Freezes Euro Exchange Securities Over Crime Gaps
The FCA froze a payments firm operating in the UK, US, and Spain over money-laundering gaps and appointed court managers; hearing is June 11.
Legal
Hijacked Polyfill.io Spoofs Logins at Toshiba, Muji
Polyfill.io reactivated in late May, hitting Toshiba, Muji, and five others with rogue login prompts two years after a Chinese entity hijacked the CDN.
Legal
Sentenced 26 Years for Nemesis Market Drug Sales
Darren Hughes offered free meth samples on Nemesis Market, then sold fentanyl to undercover agents five times in 2023. He got 26 years.
Legal
Sued: IBM Hid 56,000 Foreign Hacks, VP Alleges
Barlow's qui tam suit alleges IBM concealed 56,000 APT 10 breaches from federal clients and didn't keep the logs to know what was taken.
Legal
Columbia Sued Over 1.8M SSN Breach, Including Non-Students
Columbia's 2025 breach exposed 1.8M SSNs, and an undisclosed number of victims had no connection to the university or any warning it held their data.
Legal
Cleared Senate: Champerty Fix Puts 50% of Bonds in Play
New York's Champerty Fix Act cleared the Senate and faces an Assembly deadline this week, with hundreds of billions in sovereign debt at stake.
Legal
Signed: Louisiana's 22nd Consumer Privacy Law
Louisiana is the 22nd state with a comprehensive privacy law, but CCPA-style thresholds and a narrower sensitive-data scope create compliance gaps.
Legal
FDIC hits Farmers and Mechanics after 2-year losses
After three years in the red, Indiana's $116M Farmers and Mechanics Federal Savings Bank now needs FDIC sign-off on every exec hire.
Legal
Exploited Palo Alto Flaw Flips to Critical
A PAN-OS authentication bypass rated medium on May 13 is now critical and actively exploited, with federal agencies ordered to patch by June 19.
Legal
Rejected: DFPI's True Lender Claim Against OppFi
LA Superior Court handed OppFi a clean win over DFPI's true lender attack on its FinWise Bank partnership, but DFPI has 60 days to appeal.
Legal
Paid No Ransom; ShinyHunters Leaked 4.9M Charter Accounts
Charter turned down ShinyHunters' ransom on 42 million Salesforce records, and the gang posted 4.9 million customer accounts on the dark web.
Legal
Carnival Breach Exposes 6M Holland America Records
One phished Carnival employee exposed 6 million records to ShinyHunters, who listed Carnival on a pay-or-leak portal weeks before disclosure.
Legal
DOJ Charged Google Engineer Over $1.2M Polymarket Bets
A Google engineer bet $2.7M on Polymarket using confidential search rankings and won $1.2M, until Discord figured out who AlphaRaccoon was.
Legal
Denied: Tesla Race Bias Case Goes to Trial July 20
Tesla submitted 228 sworn declarations to defeat the case. Ninety-nine of them confirmed the n-word was heard at Fremont. Trial starts July 20.
Legal
Leaked 100K Passports, UK Visa Portal Sent Lawyers
A non-government UK visa portal exposed 100K passports on a public S3 bucket, then sent BakerHostetler instead of patching the server.
Legal
FIOD Arrests 2 MIRhosting Operators for Sanctions Violations
Dutch FIOD arrested two men who kept 800 servers running for Russia's cyber network even after EU sanctions targeted the infrastructure.
Legal
Moolenaar Targets $15.2B BMS Deal in China Crackdown
If Treasury acts on Moolenaar's COINS Act request, deals like BMS's $15.2B Hengrui partnership would need federal clearance before closing.
Legal
FDIC Files Third GENIUS Act Rule: BSA for Stablecoins
FDIC's third GENIUS Act NPRM adds AML/CFT rules to stablecoin issuers, completing a compliance stack that changes who can enter the market.
Legal
Trump Mobile Exposed Customer Data, Stalls on Notification
Trump Mobile confirmed a customer data exposure linked to a third-party provider, then said it's still weighing whether to notify those affected.
Legal
Seized: First VPN, 25 Ransomware Gangs Exposed
When Europol obtained First VPN's user database, it told every client they'd been identified. Now 25 ransomware gangs know their cover is gone.
Legal
Breached: 3,800 GitHub Repos Stolen via 18-Min Extension
TeamPCP stole 3,800 GitHub internal repos via a poisoned VS Code extension live for just 18 minutes, now demanding at least $50K for the data.
Legal
Fined $1M, Yotta Customers Still Out Millions
California's first-ever Yotta penalty is $1M, but the 18,000 California customers still waiting for Synapse restitution call it a rounding error.
Legal
TeamPCP Stole 3,800 GitHub Repos Via Poisoned Extension
TeamPCP breached GitHub via a poisoned VS Code extension, pulling approximately 3,800 internal repos now listed on criminal forums.
Legal
OCC Preempts Escrow-Interest Laws in 14 Jurisdictions
OCC's May 15 final rules preempt interest-on-escrow laws across 14 jurisdictions, but circuit splits with the First and Ninth keep the fight open.
Legal
Cut Ring-Fence Rules: UK Treasury Frees £80B
UK Treasury plans to ease ringfencing rules, freeing £80 billion in lending capacity for banks that argued the post-2008 rules cost too much.
Legal
CISA Contractor Leaked GovCloud Keys on GitHub
A CISA contractor disabled GitHub's secret scanning before publishing AWS GovCloud admin keys and plaintext passwords to a public repository.
Legal
Stole 1.8M Fingerprints in NYC Hospital Breach
NYC's largest public health system had fingerprints and palm prints stolen, covering 1.8M people, with no explanation for why it stored biometrics.
Legal
Judge Fines Cliq $6.5M Over 2015 FTC Order
Federal judge fines Cliq $6.5M for violating its 2015 FTC consent order, far below the $52.9M sought, but no receiver and no industry ban.
Legal
Sued: Adani Executives Over $750M Bond Fraud
Adani Green sold $750M in bonds while its founder personally orchestrated bribe payments to Indian officials, the SEC alleged in late 2024.
Legal
Polis Cuts Peters' 9-Year Election Data Sentence
Judge Barrett called Peters a 'charlatan' who'd do it again. Colorado's governor cut her 9-year sentence anyway, after just 18 months.
Legal
Defies EO 14281: NYDFS Keeps NY Disparate Impact Rule
NYDFS is telling NY lenders that disparate impact still applies, directly contradicting Trump's EO 14281 and the CFPB's Regulation B rewrite.
Legal
Ruled: Jules Seals Section 3 FAA Stay Jurisdiction
Jules v. Balazs locks federal courts onto post-arbitration jurisdiction for stayed FAA cases, closing the Badgerow gap businesses feared.
Legal
Poisoned node-ipc Steals 690K Devs' Credentials
Three malicious node-ipc versions drain cloud keys, SSH creds, and CI/CD tokens via DNS; attacker hijacked an inactive npm maintainer's account.
Legal
Reqrea Exposed 1M Hotel Passports Without Password
Japanese startup Reqrea left 1 million hotel passports in a public S3 bucket anyone could read. Its investigation has no published timeline.
AI
Robbed $600M: AI Suspected in Drift, Kelp DAO Hacks
Drift and Kelp DAO lost nearly $600M in April. Cybersecurity experts now say the speed of those attacks is consistent with AI assistance.
Legal
Cleared: CLARITY Act Advances, Coinbase Shares Surge
Senate committee cleared the CLARITY Act; banks are already lobbying to gut the stablecoin yield provisions before the floor vote.
Legal
Fined $53K Per Deepfake: FTC Enforcement Starts May 19
The FTC's $53,088-per-violation deepfake rule starts May 19, and compliance attorneys already know which way platforms will lean on this.
Legal
Clarity Act Cleared 15-9, Senate Floor Fight Next
Crypto's first federal rulebook passed committee 15-9, but needs 60 Senate floor votes and must clear a Trump family conflict-of-interest fight.
Legal
Disputes DOJ: Block Reserves $240M for Settlement
Block reserved $240M for a DOJ settlement it actively disputes, having already paid $295M to state and federal regulators for Cash App.
Legal
DOJ Indicts Dream Market's 'Speedstepper' on 12 Counts
The alleged 'Speedstepper' bought $1.7M in gold bars with Dream Market crypto proceeds. Now he faces 12 federal counts at up to 20 years each.
Legal
Jho Low, Still Fugitive, Files 1MDB Pardon Bid
Jho Low, the 1MDB fugitive charged in the largest-ever FCPA case, petitioned DOJ for a pardon while his co-defendants serve prison time.
Legal
Foxconn Confirms Nitrogen Stole 8TB, 11M Files
Nitrogen ransomware claims 8TB and 11M documents stolen from Foxconn, with Apple, Nvidia, and Intel design files allegedly in the haul.
Legal
Filed: SECURE Data Act Sets $25M Privacy Threshold
The SECURE Data Act would replace the state privacy patchwork with one federal standard for businesses above $25M revenue and 200,000 consumers.
Legal
ICO Fines South Staffordshire Water £963,900
ICO cut South Staffordshire's £963,900 fine by 40%, yet the breach ran undetected for 20 months while Cl0p ransomware exfiltrated 664k records.
Legal
Instructure Cut Deal With ShinyHunters, 275M Records Gone
Instructure settled with ShinyHunters after a 275-million-record breach, but security researchers warn ransoms don't guarantee deleted data.
Legal
DOJ Appeals Rovirosa Acquittal After Sixth Amendment Loss
Judge Hoyt granted acquittal after DOJ left translators off the witness stand. Now the government takes its Sixth Amendment loss to the Fifth Circuit.
Legal
Kraken Filed for OCC National Trust Charter
Payward already holds a Fed master account; an OCC trust charter would complete the picture, but BPI may sue to shut the whole pipeline down.
Legal
Arrested: Crimenetwork Reboot Admin After €3.6M
A German suspect rebuilt Crimenetwork within days of its 2024 shutdown, attracted 22,000 users and €3.6M, then got arrested in Mallorca.
Legal
Sold L3Harris Hacking Tools to Russia, Owes $10M
Peter Williams, who ran L3Harris's hacking-tools unit, got a $10M restitution order Wednesday. Russian spies later used the stolen tools in Ukraine.
Legal
France Opens Criminal Case Against Musk, X Corp
France has escalated its X content probe to a criminal case against Musk and Yaccarino, who could face indictment if they don't appear.
Legal
Finalized: OCC, Fed, FDIC Revise Community Bank Capital
The CBLR's revised eligibility rules and recalibrated leverage ratio mean every community bank must decide by July 1 if it still qualifies.
Legal
Splits Pharma: 100% Tariff Leaves Small Firms Exposed
Trump's 100% drug tariff has a two-tier problem: big pharma cut deals, small- and mid-sized drugmakers are still in the line of fire.
Legal
DOJ Jails Two Americans for $1.2M DPRK IT Scheme
When U.S. companies thought they were hiring domestic IT workers, the paychecks landed in Pyongyang. Two Americans just learned the price.
Legal
Sued 3 Times, Chime Denies Iran-Linked Hack
Four Chime customers allege Iran-linked Team 313 stole Social Security numbers and account credentials; Chime says no member data was compromised.
Legal
Conti Affiliate Gets 102 Months for $16M Ransom Scheme
A Latvian national drew 102 months for his role in a Conti offshoot's $16M ransomware spree, including leaking children's health data.
Legal
Jailed 102 Months: Conti Operator Extorted 54 Firms
The Conti operator who threatened to leak stolen children's health records to extort payment just drew 102 months from DOJ's Criminal Division.
Legal
Leaks Plaintext Passwords in RAM: Microsoft Edge
Edge's autofill keeps plaintext passwords in process memory, creating a dump-and-steal path that sidesteps both Windows Hello and DPAPI.
Legal
Exposed: USB Drive Test Beats Phishing Programs in 2026
A USB drop test went viral in 2026 because employees plugged in the drives within hours, exposing a gap in phishing-focused security programs.
Legal
Passed: Virginia SB229 Adds Class Actions to State Courts
Virginia's class action bill looks like a consumer win, until you see where the $424 million goes. Mississippi would then stand alone.
Legal
FEMITBOT Spoofs Apple, NVIDIA in Telegram Fraud Ring
A Telegram fraud ring called FEMITBOT is spoofing Apple, NVIDIA, and six other major brands to harvest deposits from fake crypto dashboards.
Legal
ShinyHunters Steals 275M Instructure Canvas Records
ShinyHunters claims 275 million student and teacher records stolen from Instructure's Canvas platform, hitting nearly 9,000 schools worldwide.
Legal
Defender Pulls DigiCert Root Certs in False-Positive Hit
Microsoft's Defender antivirus flagged legitimate DigiCert root certificates as Trojan:Win32/Cerdigent.
Legal
Instructure Hit by Second Breach in Eight Months
A criminal threat actor hit Instructure, the company behind the Canvas learning management system, in a cyberattack disclosed this week.
Legal
SFO Secures Ultra Electronics DPA, £4.8M in Probe Costs
The UK Serious Fraud Office secured a court-approved Deferred Prosecution Agreement with Ultra Electronics Holdings Ltd, a British manufacturer of…
Legal
Tightens KYC, FCC Cuts 1999 Foreign Carrier Loophole
The FCC voted unanimously Wednesday to tighten Know Your Customer rules for U.S. telecoms, closing a loophole dating to 1999 that let foreign companies…
Legal
Cybersecurity Insiders Sentenced 4 Years for BlackCat Scheme
A federal court sentenced Ryan Clifford Goldberg, 40, a former Sygnia incident response manager, and Kevin Tyler Martin, 36, a former DigitalMint ransomware…
Legal
Jailed 4 Years: Sygnia, DigitalMint Ransomware Pair
DOJ sentenced two former cybersecurity professionals to four years each in federal prison Thursday for ransomware attacks they ran against U.S. companies in…
Legal
Sentenced 4 Years for Leading 75+-Target Swatting Ring
The Department of Justice sentenced Romanian national Thomasz Szabo, 27, to four years in federal prison Wednesday after he pleaded guilty to one count of…
Legal
OCC Preempts Illinois Interchange Law Before June 30
On April 24, 2026, the Office of the Comptroller of the Currency issued an interim final rule and a companion order expressly preempting the Illinois…
Legal
Ukraine Arrests Three Over 610K Roblox Account Theft
Ukrainian cyber police, Lviv regional prosecutors, and the Security Service of Ukraine arrested three men on charges under Ukraine's Criminal Code Article…
Legal
Canada Moves to Ban Crypto ATMs After $704M Fraud Year
Canada's 2026 Spring Economic Update, released Tuesday, proposes banning crypto ATMs nationwide.
Legal
Arrested in Patagonia, Stericycle Finance Chief Faces June 1 FCPA Trial
DOJ charged Abraham Cigarroa Cervantes, former finance director of Stericycle's Latin America division, with two counts of conspiracy under the Foreign…
Legal
ShinyHunters Hits Udemy with 1.4M-Record Extortion Demand
ShinyHunters claims it breached Udemy, one of the world's largest online learning platforms, and is threatening to publish 1.4 million customer and…
Legal
Breached via Anodot, Vimeo Faces ShinyHunters' April 30 Ultimatum
ShinyHunters, the extortion group behind a wave of Snowflake-linked breaches, has put Vimeo on a clock: pay up or face a public data dump by April 30.
Legal
Charged: Scattered Spider's 'Bouquet,' 19, Faces 6 Federal Counts
Federal prosecutors charged a 19-year-old dual U.S.-Estonian citizen with wire fraud, conspiracy, and computer intrusion, alleging he's a prolific member of…
Legal
Jailed 70 Months, Tangeman Helped Launder $230M Bitcoin Heist
Evan Tangeman, 22, was sentenced to 70 months in federal prison for laundering at least $3.5 million tied to a $230 million Bitcoin heist, a RICO conspiracy…
Legal
ShinyHunters Extorts ADT on 10M Records With April 27 Deadline
ADT and the ShinyHunters extortion group are at a standoff today, with attackers threatening to publish 10 million customer records unless the home security…
Legal
Wisconsin AG Sues Kalshi, Robinhood Over Illegal Betting
Wisconsin Attorney General Josh Kaul filed complaints Thursday against Kalshi, Robinhood, Coinbase, Polymarket, and Crypto.
Legal
SDNY Charges Army Sergeant in $410K Polymarket Intel Case
DOJ charged Army Master Sergeant Gannon Ken Van Dyke in the US District Court for the Southern District of New York with five counts: unlawful use of…
Legal
Filed: H.R. 8413 Could Preempt Illinois BIPA, California's Delete Act
The House Energy and Commerce Committee's Republican data privacy working group filed H.R. 8413, the SECURE Data Act, on April 22.
Legal
Fined $30.5M in 2017, SQM Now Faces Resumed SEC FCPA Probe
The SEC issued SQM a subpoena in November 2023 under the Foreign Corrupt Practices Act, covering the Chilean miner's operations, compliance program, and…
Legal
Smartmatic Fights First Corporate FCPA Indictment Since 2010
The U.S. government charged Smartmatic in October 2025 with conspiracy to violate the FCPA's anti-bribery provisions, money laundering conspiracy, and money…
Legal
ESMA Orders Unlicensed Crypto Firms Out of EU Markets by July 1
The European Securities and Markets Authority confirmed April 17 that MiCA's transitional grace period closes July 1 — any firm offering crypto-asset…
Legal
Sued Over Prediction Markets, Coinbase and Gemini Push Back
New York's Office of the Attorney General sued Coinbase and Gemini in state court Tuesday, charging both companies with operating illegal, unlicensed…
Legal
PACE Act Cuts 40-State License Requirement for Payment Fintechs
Two House members introduced the Payments Access and Consumer Efficiency (PACE) Act on April 21, giving nonbank payment service providers a federal path to…
Legal
Sued for Price-Fixing, Amazon Faces California AG at July 23 Hearing
California Attorney General Rob Bonta sued Amazon, alleging the company ran a years-long price-fixing scheme that lifted consumer prices across rival retail…
Legal
Ordered to Pay $35K, Key Tronic Executives Doctored Inventory Records
The SEC charged Key Tronic, a contract manufacturer of computer components and medical devices, along with two executives: Brett Larsen, the company's CFO…
Legal
CBP Opens $166B IEEPA Refund Portal, Full Payout Still Uncertain
CBP opened the CAPE portal today, placing 330,000-plus importers in line for a share of $166 billion in IEEPA duties, two months after the Supreme Court…
Legal
Opened: CBP's $127B Tariff Refund Portal; Walmart Owed $10.2B
Following the Supreme Court's February ruling that invalidated tariffs collected under the International Emergency Economic Powers Act, U.S. Customs and…
Legal
Zaglin Drops New Trial Motion, 8-Year FCPA Sentence Stands
Carl Zaglin, convicted of FCPA violations in the Southern District of Florida, has withdrawn his Second Motion for a New Trial — quietly collapsing a bid…
Legal
OCC Hits Federal Savings Bank With Consent Order for Deceptive VA Loan Ads
The OCC issued a consent order against The Federal Savings Bank of Chicago this month, alleging deceptive acts or practices in the bank's advertising to…
Legal
FinCEN Filed NPRM Offering 10-30% Cut to Financial Crime Whistleblowers
FinCEN published a Notice of Proposed Rulemaking under 31 U.S.C. § 5323 that would pay whistleblowers 10-30% of monetary sanctions collected in cases…
Legal
Revived: $176.5M Patent Verdict Leaves Lilly to Evaluate Options
The Court of Appeals for the Federal Circuit on Thursday reinstated the $176.5 million verdict that Teva won in 2022, reviving its claim that Eli Lilly's…
Legal
Huizenga Filed Bill to Sanction DeepSeek Under 1977 Law
If the Deterring American AI Model Theft Act passes, companies like DeepSeek, Moonshot, and MiniMax could face placement on the Commerce Department's Entity…
Legal
FTC Sues NERD Solutions for $8.8M Student Loan Scheme
The FTC sued NERD Solutions Inc., ED REF Inc., and their operators Natalie Rodriguez and Pablo Ortiz in the U.S. District Court for the Central District of…
Legal
Judge Orders Drillmec VP to Forfeit $1,019,757 in PEMEX Bribery Case
Judge David Hittner in the Southern District of Texas ordered Diego Bergonzi to forfeit $1,019,757 earlier this week, the exact proceeds Bergonzi pocketed…
Legal
Judges Dismissed 5 FCPA Cases Over DOJ Misconduct in 26 Trials
Judge Howard Matz called it "an unusual and extreme picture of a prosecution gone badly awry.
Legal
Seventh Circuit Frees 2 ComEd Execs, Orders New Trial
The Seventh Circuit Court of Appeals ordered two former Commonwealth Edison executives released from federal prison hours after oral arguments on the FCPA's…
Legal
Cleared: Judge Hoyt Acquits Rovirosa in FCPA's 4th Post-Trial Win
Judge Kenneth Hoyt of the U.S. District Court for the Southern District of Texas dismissed the FCPA indictment against Ramon Alexandro Rovirosa Martinez…
Legal
Treasury Filed First GENIUS Act Rule on $10B Stablecoin State Oversight
Treasury filed its first proposed rule under the GENIUS Act, 12 C.F.R. Parts 1520–1521, setting the standard that determines whether a stablecoin issuer…
Legal
Filed: DOJ Moves to Block Rovirosa Release Before Hoyt's Dismissal
The DOJ asked U.S. District Court Judge Kenneth Hoyt in the Southern District of Texas to stay his forthcoming dismissal order in the foreign bribery…
Legal
FDIC Proposed Stablecoin Framework; 13% of Firms Report Actual Usage
The FDIC this week released its proposed rule under the GENIUS Act, tying stablecoin issuance to reserve integrity, liquidity discipline and custodial…
Legal
CFTC Names 5-Member Task Force for AI and Crypto Rules
The CFTC named five senior advisors to its Innovation Task Force on April 10, setting up a formal rule-writing process for crypto assets, artificial…
Legal
Curb Dollar Stablecoins, Bank of France Tells EU in 3-Point Plan
Denis Beau, first deputy governor of the Bank of France, told EU policymakers at the Eurofi High Level Seminar on March 26 that the Markets in Crypto-Assets…
Legal
Blocked: Arizona Can't Enforce Gambling Laws Against Prediction Markets
A Phoenix federal judge on Friday temporarily blocked Arizona from enforcing its gambling laws against federally regulated prediction markets.
Legal
Ruled Too Late, Mallinckrodt Irish Unit Stays in State Price-Fixing Suit
A Connecticut federal judge ruled Mallinckrodt's Irish unit can't escape a state price-fixing suit after a five-year jurisdictional delay.
Legal
Targets 50-State AI Patchwork: White House Framework Recommends Preemption
The White House released its National Policy Framework for AI on March 20, 2026, calling on Congress to preempt state AI laws that "impose undue burdens.
Legal
FTC Warns PayPal, Stripe, Visa, Mastercard on Debanking
FTC Chairman Ferguson warned PayPal, Stripe, Visa, and Mastercard that debanking customers on political grounds may violate the FTC Act.
Legal
Minnesota AG Enters New Era of Data Privacy Enforcement
Minnesota's attorney general is moving into a new phase of data privacy enforcement, signaling a shift in how the state approaches compliance obligations…
Legal
FinCEN, OFAC File Joint Stablecoin AML Rule Under Genius Act
FinCEN and OFAC filed a joint proposed rule on April 8 to implement AML and sanctions compliance requirements for stablecoin issuers under the Genius Act.
Legal
FinCEN Issued AML Rules That Treat Stablecoin Issuers as Banks
FinCEN and OFAC issued a joint proposed rule on April 8 that would classify stablecoin issuers as financial institutions under the Bank Secrecy Act.
Legal
Fed Rewrites FedNow's Two-Bank Rule to Allow Cross-Border Transfers
The Fed proposed replacing FedNow's two-bank transfer cap with an intermediary model, opening the platform to cross-border payments for the first time.
Legal
Filed: CFPB Asks D.C. Circuit to Allow 68% Staff Cut to 556
Acting Director Vought's plan would cut CFPB staff from 1,174 to 556 and reduce non-depository exams to 22 a year.
Legal
Trump's 100% Pharma Tariffs Carve Out Half the Industry
Trump's 100% Section 232 pharma tariffs exempt 13 drugmakers, generics, and trade-deal nations. Mid-sized biotechs are most at risk. Exemptions expire 2029.
Legal
DOJ Backs Pharma on 340B, Leaving Safety-Net Hospitals Exposed
The DOJ reversed course to back pharma in the 340B contract pharmacy dispute, leaving safety-net hospitals without a federal ally.
Legal
Trump Signs 100% Tariff Order on Imported Drugs
Trump signed an executive order imposing 100% tariffs on drug imports from countries without U.S. trade deals, effective within months.
