5-28
South Korea indicts five in first DEX rug-pull case tied to CATFI on Solana
South Korean prosecutors say they have arrested and indicted five people in what they describe as the country’s first criminal case targeting a rug pull conducted on a decentralized exchange. Authorities allege the CATFI token scheme on a Solana-based DEX left 256 investors with about 900 million won (roughly $600,000) in losses, while organizers took around 400 million won in illicit profits.
SOL
SOL-5.51%
5-28
5-28
CFTC Sues Google Engineer Over Polymarket Trades, Citing $1.2M Profit
On May 27, 2026, the CFTC filed a civil enforcement action against Google software engineer Michele Spagnuolo, alleging he used nonpublic Google search-trend data to trade Polymarket event contracts. The complaint says he earned about $1.2 million and that the agency is seeking restitution, disgorgement, monetary penalties, bans, and a permanent injunction. The filing also describes how Polymarket runs on Polygon and settles outcomes via the UMA Oracle, with winning positions redeemable for USDC.e.
UMA
UMA-3.23%
5-28
5-28
UK Unveils May 26 Sanctions Targeting Russia-Linked Crypto Networks and A7
On May 26, the U.K. announced a sanctions package aimed at crypto-linked routes allegedly used to move funds into Russia, with measures taking effect immediately. The list includes 18 named exchanges, payment providers, banks, companies, and individuals, and separately highlights targets tied to the A7 network. The action also increases scrutiny on stablecoin infrastructure, including references to A7A5 and USDKG and their related entities.
BTC
BTC-4.11%
5-28
5-28
Grayscale Research: Hyperliquid May Scale Into a Major DeFi Trading Platform
Grayscale Research said in a May 27 report that Hyperliquid is an example of DeFi expanding into exchange-scale trading, centered on its perpetual futures venue, its custom layer 1, and the HYPE token. The report highlighted about $1.16 billion routed into HYPE buybacks and pointed to market attention around ETF debut interest, large-holder activity, and trading growth as factors shaping how the token is priced.
HYPE
HYPE-0.09%
5-28