sei

The Cosmos ecosystem decentralized exchange Osmosis has restored the reserve support for Alloyed BTC asset allBTC through a governance proposal. Previously, the Nomic cross-chain bridge minted 40.650602 nBTC on June 25 without Bitcoin reserve backing, of which 39.839746 was counted as collateral for allBTC, causing the support rate of allBTC to drop to 63.97%. After Nomic suspended operations on September 7, Osmosis validators froze 22.650608 allBTC held by the attacker through an emergency upgrade.According to the passed proposal, Osmosis will transfer the frozen attacker assets to the liquidity sub-DAO and utilize 12.4838 allBTC held in the community pool, as well as approximately 4.7 BTC released from the canceled USDC liquidity deployment, to fill a gap of about 39.84 BTC. The subsequent v32 software upgrade will mark the contaminated nBTC as invalid, withdraw it from the allBTC alloy, and destroy it, allowing allBTC holders to restore full support.The proposal indicates that approximately 18 BTC has been transferred out of Osmosis and laundered through Tornado Cash, making it impossible to recover directly. Osmosis stated that it will continue to track the remaining funds and restore the deposit and withdrawal functions of allBTC after the allBTC balance reaches zero and nBTC is removed from the alloy.

According to BeInCrypto, the U.S. government sold 4.45 million shares of Anthropic, cashing in $627 million to repay FTX creditors.According to Anthropic's S-1 filing, these shares were resold to 9 buyers. Based on the valuation before Anthropic is set to go public on Nasdaq under the ticker ANT, this batch of shares is currently valued at approximately $3.94 billion.

According to Slow Fog monitoring, Yapeswap suffered an attack, resulting in a loss of approximately $21,900. The root of the incident lies in the WorkersUnion governance mechanism, where the quorum requirement is zero, allowing a proposal that received only about 0.000055% voting support to transfer the feeToSetter authority of YapeFactory to the attacker.The attacker subsequently deployed a malicious Registry contract, causing latestVault() to return a forged vault address, while vaults() still listed the real vault. YapePair accounted for the deposits to be transferred as farm assets, but did not receive redeemable shares, ultimately leading to a loss of funds. This incident involves contracts such as YapeFactory, YapePair, and YapeWrapper.

The International Criminal Police Organization stated that Operation Serengeti III took place from June 29 to August 31, 2026, across 21 countries, resulting in the arrest of 1,462 suspects, the dismantling of 10,909 malicious networks, and the recovery of over 105 million dollars in illegal funds. The investigation also confirmed that 65,929 victims were attacked by cybercrime gangs, with related losses exceeding 385 million dollars.This operation focused on combating online fraud, ransomware, business email compromise, online scams, and digital extortion. In specific cases, the Ugandan police dismantled two transnational fraud gangs and arrested 365 foreign nationals; Angola seized two illegal cryptocurrency mining centers, arrested 9 individuals, and confiscated over 2,000 mining machines; in Nigeria, another case involved over 2.4 million dollars in suspected criminal proceeds, a significant portion of which was laundered through cryptocurrency transactions.

According to The Defiant, the UAE-led "Confrontation Ghost" operation has identified over $39 billion in funds and cryptocurrencies. The operation has arrested more than 960 people and raided 29 scam centers. The countries involved in the operation are advancing asset recovery efforts to reclaim the assets involved.

According to CryptoBriefing, the Virtual Currency Unit (VCU) led by Brooklyn Assistant District Attorney Alona Katz collaborated with the FBI's New York office to conduct a joint operation that seized or shut down 241 fraudulent domain names and 112 servers. This operation marks the conclusion of a three-year investigation into an internationally connected cryptocurrency investment fraud network.The network primarily targeted Russian-speaking communities, directing victims to fake cryptocurrency investment platforms through Russian advertisements on Facebook, and then carried out secondary fraud under the guise of "recovering funds." Investigators estimate the related losses to be in the tens of millions of dollars, with some victims losing their entire savings. The prosecution has currently recovered about $300,000 for the victims, and there have been no reports of arrests from this operation. The FBI's Internet Crime Complaint Center's 2025 Internet Crime Report indicates that cryptocurrency-related fraud losses reached $11.366 billion that year, a 22% increase from the previous year. Losses from cryptocurrency fraud accounted for more than half of all internet crime losses in 2025.

Turkish Minister of Justice Akın Gürlek confirmed on Saturday that Ethereum ecosystem token Hex and PulseChain founder Richard Heart were detained in Istanbul. Gürlek stated on the X platform that Heart, whose real name is Richard James Schueler, was detained along with his wife during an operation in the Beşiktaş district of Istanbul on Wednesday, and the police subsequently detained three individuals confirmed to be his bodyguards. The operation was carried out by the Istanbul Chief Prosecutor's Office in conjunction with the city's police intelligence and financial crimes department, with support from Turkey's intelligence agency MİT.Gürlek indicated that the police conducted searches at 15 addresses in the Beşiktaş, Üsküdar, and Sarıyer districts, seizing $7.15 million in cash, six cold wallets, 160,000 Turkish lira, 28 watches, 97 pieces of jewelry, 300 bags, and 19 graphics cards, while also confiscating four long-barreled rifles, three unlicensed handguns, and 1,400 rounds of ammunition. Gürlek stated that judicial procedures and the examination of seized items are still ongoing. Turkey's state news agency Anadolu reported separately that the police seized nine vehicles registered under Heart's wife's name. According to CoinGecko data, Hex has dropped about 14% in the past 24 hours.Gürlek linked Heart's red notice to the $1 billion cryptocurrency fraud charges involving the United States and Finland. The notice was issued in December 2024 at the request of Finnish authorities, who sought his arrest on charges of serious tax evasion and assault. In the United States, a federal judge dismissed the Securities and Exchange Commission's lawsuit against Heart in February 2025 on jurisdictional grounds, and the agency decided not to refile the lawsuit in April of that year.

According to The Defiant, the perpetual contract for Sei Network's native token SEI has been launched for trading on OG.com Markets. The exchange is operated by the North American Derivatives Exchange (Nadex) and is regulated by the U.S. Commodity Futures Trading Commission (CFTC), providing U.S. investors with a compliant channel to access SEI with leverage. Sei officially stated that this is "another compliant way to acquire SEI."The contract was self-certified by the exchange on October 8, and the CFTC product registry has listed it as a certified product, originally scheduled to be listed on October 12. Trading records from October 16 show two transactions of 100 SEI each at 4:54 PM Eastern Time on that day. The contract is settled in U.S. dollars and has no expiration date, allowing traders to maintain long or short positions without rolling over. Clients must access through a CFTC-registered futures commission merchant or an associated introducing broker.Each contract represents 1 SEI, with a minimum trading unit of 100 contracts, and trading occurs around the clock. The funding fees for both long and short positions are calculated every eight hours, with a maximum rate of 2% per period, aimed at aligning the futures price with the CF Sei-Dollar spot rate managed by CF Benchmarks. The contract is settled twice daily at noon and 5 PM Eastern Time. Traders are required to pay the initial margin based on the risk benchmark in U.S. dollars, and the exchange's notification indicates that the initial margin range for its crypto perpetual contract product line is between 15% and 30%.

The Sharjah Police in the United Arab Emirates, in conjunction with the Ministry of Interior, launched an operation codenamed "End of Battle," successfully dismantling four interconnected transnational crime networks and arresting 33 suspects from 12 nationalities, including key leaders.Investigations revealed that the crime networks were involved in illegal activities such as cyber infiltration, money laundering, digital wallet theft, fraud, extortion, and illegal data trading. During the operation, the police protected over 30 businesses and institutions worldwide, ensuring the safety of assets exceeding $17.7 billion (approximately 65 billion UAE Dirhams), confiscated assets worth over $54.4 million (approximately 200 million UAE Dirhams), and conducted in-depth examinations and evidence collection on more than 3,000 digital wallets.

According to Decrypt, the Virtual Currency Unit of the Brooklyn District Attorney's Office in New York, in collaboration with the FBI, successfully dismantled a multinational cryptocurrency investment scam network targeting the Russian-speaking community across the United States, seizing and shutting down 112 servers and 241 associated website domains. The involved servers were primarily hosted in Eastern Europe and the United States, with the core infrastructure and IP nodes distributed in places like Ukraine.Forensic evidence from the servers also indicated that the scammers would strike again weeks later, disguising themselves as "asset recovery service providers" to conduct secondary harvesting of victims, with the total amount involved reaching tens of millions of dollars. The prosecution had previously shut down 400 associated domain names, and this time directly seized the underlying servers to completely deprive the gang of the ability to quickly set up websites and contact victims. Law enforcement has currently seized approximately $300,000 in stolen funds, and the recovery efforts are ongoing.

On October 13, the U.S. Department of Justice announced the arrest of two Americans in an operation targeting North Korean IT personnel who entered U.S. companies under false identities, and the seizure of approximately 187 computer devices. Michael James Bostelle from Pennsylvania and Juan Cecilio Pena Carrillo from Texas were arrested based on an indictment from the Northern District of Ohio Federal Court. Prosecutors allege that the scheme involved over 70 U.S. employers, generating approximately $3 million in revenue for overseas IT personnel. The two are charged with conspiracy to commit wire and mail fraud, conspiracy to commit money laundering, and conspiracy to commit identity theft, with Pena additionally charged with aggravated identity theft.The device seizure operation is part of "Operation Lone Star," coordinated by federal law enforcement in the Northern District of Texas. From September 21 to 25, the FBI executed searches at over 40 suspected "laptop farm" residences in Texas, seizing devices including laptops and keyboards, video, and mouse equipment for remote access. According to the Ohio indictment, domestic accomplices received laptops issued by employers at home and then allowed overseas personnel to control them via remote access software or hardware, making it appear as if they were located in the U.S. and accessing company systems, while the accomplices received salaries and transferred funds overseas.The indictment mentions cryptocurrency as one of the means for transferring funds overseas. Trey Michael Nolte, a resident of Ohio, is listed as a co-conspirator but has not been charged in this case; the indictment states that in a conversation on July 8, 2024, he described managing transfers between bank accounts and virtual currencies using spreadsheets, subsequently transferring funds to the defendant Sun Sheng Ming;

According to reports from American media, U.S. Treasury Secretary Scott Basset stated that the Trump administration is escalating its "maximum pressure" campaign against Iran to an "absolute isolation" action. In addition to financial sanctions, it will further restrict Iran's access to international markets, transportation networks, and financial resources through maritime blockades, restrictions on air transport, and cutting off land routes.Basset revealed during an interview at the Newsmax NPolicy summit held in Washington on Thursday that the U.S. government may seize approximately $1 billion in cryptocurrency assets this week, stating that authorities have located the relevant assets and are taking measures to isolate them. Basset also mentioned that the U.S. is cooperating with the United Arab Emirates and Oman, and coordinating with Pakistan and Turkey to attempt to cut off Iran's land transportation routes. He stated that the government's goal is to completely block Iran's oil exports and restrict international travel for Iranian officials and individuals associated with the regime. Currently, reports have not disclosed the specific cryptocurrencies, wallet addresses, executing agencies, and legal basis involved in this cryptocurrency asset seizure action, and it is also unclear whether the related actions have been officially implemented.

According to the Star newspaper, police in the central region of Perak, in collaboration with the National Energy Company (TNB), launched an operation in Seri Iskandar to dismantle an illegal cryptocurrency mining site and arrested two local men.The individuals involved are suspected of illegally connecting wires to power Bitcoin mining machines. Police seized 30 Bitcoin mining machines, routers, desktop switches, and a roll of wire at the scene. The case is being investigated under Section 427 of the Penal Code and Section 37(1) of the Electricity Supply Act 1990.Police emphasized that stealing electricity for mining is not only illegal but can also cause significant losses to the power company and pose a fire risk.

Sei Network posted on platform X that REX Shares and Osprey Funds have updated their SEI staking ETF application documents with the U.S. Securities and Exchange Commission (SEC), setting October 23 as the effective date.The document states that this revision is solely to designate a new effective date for previously submitted post-effective amendments. The funds involved include REX-Osprey SEI + Staking ETF, SUI + Staking ETF, HYPE + Staking ETF, NEAR + Staking ETF, AAVE ETF, ADA + Staking ETF, ATOM + Staking ETF, AVAX + Staking ETF.

According to CoinDesk, the stablecoin issuer Tether stated that its assets held in the licensed digital bank EQIBank in Dominica account for less than 0.034% of the group's total assets. Based on Tether's disclosed total group assets of $18.775 billion in June, its related exposure is approximately $64 million, but Tether did not disclose the specific amount.It was reported that EQIBank processes customer funds through the U.S. payment processor Capstone, which utilizes accounts at Wells Fargo and JPMorgan for fund transfers. U.S. prosecutors have seized funds related to Capstone's accounts and filed a civil forfeiture lawsuit, accusing it of making false representations about its business to the bank. EQIBank stated that approximately $89 million in funds have been seized, equivalent to about 80% of its monetary assets, which may expose it to liquidation risks.Previously, EQIBank provided banking services to Tether, including processing wire transfers related to the purchase and redemption of USDT. Tether stated that it is not aware of the actions related to Capstone as alleged by the U.S. Department of Justice.

Paraguayan authorities shut down two illegal cryptocurrency mining facilities in Upper Paraná province within a week, seizing a total of 35 mining machines. One mining site, which was discovered on September 17, illegally drew electricity through a line without an installed meter, resulting in the confiscation of 10 ASIC mining machines, with related costs and fines totaling approximately $30,000.Another operation on September 12 seized 25 mining machines. The Paraguayan House of Representatives has passed a resolution requiring the National Electricity Administration to submit a report on the electricity consumption, electricity prices, and regulatory situation of the cryptocurrency mining industry.

According to Cointelegraph, Alice Liu, the research director at CoinMarketCap, stated in Cointelegraph's Trade Secrets program that Bitcoin may have reached its bottom, and it is unlikely to fall back to the low levels it hovered around for most of the year.She pointed out that Bitcoin dropped to about $59,000 in June, down approximately 53% from its historical high of $126,100 in October, while Bitcoin briefly reached $81,600 in early September, rising about 28% since mid-August, which pushed the CoinMarketCap Fear and Greed Index back into the greed zone.When discussing Hyperliquid, Liu mentioned that network activity does not necessarily translate into token prices. She observed that trading of RWA perpetual contracts, which are pegged to tokenized stocks, ETFs, and indices, had primarily taken place on Hyperliquid over the past two months, but after Binance launched RWA perpetual contracts, trading volume and liquidity quickly shifted, with Binance capturing about 50% market share; however, Hyperliquid still maintains its lead in the DEX space.HYPE recently set a historical high of $86, and Hyperliquid has spent over $400 million on token buybacks, with some price momentum supported by the buybacks. However, the price of HYPE relies on continuous inflows of network revenue to support the buybacks, which is a key observation point.

According to Reuters, Mexican authorities discovered an illegal cryptocurrency mining operation in a remote mountainous building in Tehuacán, Puebla, where 300 GPUs, 80 medium-voltage terminals, and 8 satellite antennas were found on-site. Authorities are investigating whether the operation is stealing electricity from a nearby hydroelectric power station.This is the fourth similar crypto farm discovered in the area since early last year, with three others found near a hydroelectric power station in northern Puebla last year. Local residents reported that the noise from the equipment can be heard from a kilometer away. Mexican security analyst David Saucedo stated that drug trafficking groups seem to have reached a new level of sophistication, as establishing such operations requires technical expertise and support from well-funded groups.Chainalysis Latin America expert Caio Motta pointed out that such operations are usually located in areas with extremely low electricity prices or within the reach of organized crime to steal electricity and establish large-scale mining infrastructure.