Hong Kong virtual currency trading platform AAX executive accused of embezzling over 600 million HKD, now charged with 4 counts

UK FCA Conducts Coordinated Raids on Illegal P2P Crypto Trading Sites in London

FCA raids eight London sites tied to unregistered P2P crypto trading, issuing cease-and-desist notices. Evidence points to money-laundering and terror-financing probes; no P2P platform is FCA-registered; enforcement signals a tougher AML crackdown. Abstract: The FCA, with tax authorities and police, conducted surprise raids at eight London sites linked to unregistered peer-to-peer crypto trading, issuing cease-and-desist notices. The operation underpins ongoing money-laundering and terrorist-financing probes. No P2P platform is FCA-registered in the UK. Analysts view the action as a shift from statements to enforcement, signaling potential broader crackdowns under AML and financial-promotion rules for crypto assets, which remain high-risk investments.

AI16Z, ELIZAOS Creators Sued Over $2.6B Fraud Allegations; Token Crashes 99.9% From Peak

Federal class action accuses AI16Z/ELIZAOS of a $2.6B crypto fraud via fake AI claims and deceptive marketing, alleging insider favoritism and a staged autonomous system; seeks damages under consumer protection laws. Abstract: This report covers a SDNY federal class-action filed April 21 accusing AI16Z and its rebrand ELIZAOS of a $2.6 billion crypto fraud involving fake AI claims and deceptive marketing. The suit alleges a manufactured link with Andreessen Horowitz and a non-autonomous system. It details a peak valuation in early 2025, a 99.9% crash, and about 4,000 losing wallets, with insiders receiving ~40% of new tokens. Plaintiffs seek damages and equitable relief under New York and California consumer-protection laws. Regulators in Korea and major exchanges have warned or suspended related trading.

North Korean Lazarus Group Deploys Mach-O Man Malware to Steal Crypto Wallet Credentials from macOS Users

Lazarus releases Mach-O Man for macOS to steal keychain data and wallet credentials, targeting crypto executives via ClickFix pop-ups and compromised Telegram meetings. Abstract: The article reports that the Lazarus-linked Mach-O Man malware targets macOS to exfiltrate keychain data, browser credentials, and login sessions to access cryptocurrency wallets and exchange accounts. Distribution relies on ClickFix social engineering and compromised Telegram accounts directing victims to fake meeting links. The piece ties the operation to the April 20 Kelp DAO hack and identifies TraderTraitor as Lazarus-affiliated, noting rsETH movement across blockchains via LayerZero’s OFT standard.

Ripple CEO Garlinghouse Signals 75% Confidence in Legal Resolution by End of April

Ripple CEO Garlinghouse says there is about a 75% chance of a final resolution by end of April, signaling progress in the long-running case and its broader implications for digital asset regulation.

Privacy Protocol Umbra Shuts Down Frontend to Block Attackers from Laundering Stolen Kelp Funds

Gate News message, April 22 — Privacy protocol Umbra has shut down its frontend website to prevent attackers from using the protocol to transfer stolen funds following recent attacks, including the Kelp protocol breach that resulted in losses exceeding $280 million. Approximately $800,000 in stolen

Justin Sun sues World Liberty Financial, alleging WLFI tokens were wrongfully frozen

According to a report by Bloomberg on April 22, TRON founder Justin Sun has filed a lawsuit in the federal court in California against World Liberty Financial (WLFI). WLFI is a decentralized finance (DeFi) project backed by the son of U.S. President Donald Trump. In a statement released on Wednesday, Justin Sun said he decided to pursue legal action after attempting to resolve the dispute out of court but being refused.