Gate News reports that on March 28, U.S. Senator Elizabeth Warren sent a letter to Secretary of Commerce Howard Lutnick, requesting information on potential national security risks associated with Bitmain, while also focusing on its business dealings with the Trump family. The letter calls for the disclosure of communication records between Bitmain and Eric Trump and Donald Trump Jr. According to reports, the FBI is conducting an investigation called “Operation Red Sun” to assess whether there are risks of the related mining equipment being remotely controlled. Previously, U.S. regulators had repeatedly raised concerns about the safety of Bitmain’s products. In response, Bitmain stated that the related allegations are untrue, and American Bitcoin Corp indicated that its safety tests found no issues.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Kalshi appeals Nevada event contract ban; CFTC jurisdiction dispute may reach the Supreme Court
Prediction market platform Kalshi has appealed a ruling by the state of Nevada banning its event contracts, and the U.S. Ninth Circuit Court of Appeals held oral arguments on April 17, but did not issue an immediate decision after the hearing. The core dispute in the case is whether Kalshi’s event contracts are “swap agreements” that fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC), or whether they must be regulated by state-level activity under gambling licensing regimes. Multiple legal experts predict that the case may ultimately be appealed to the U.S. Supreme Court.
MarketWhisper11m ago
Circle faces a class action lawsuit from Drift; USDC freeze obligations spark legal debate
Representing more than 100 members, Joshua McCollum, a Drift Protocol investor, filed a lawsuit against Circle on Wednesday in the U.S. District Court for the District of Massachusetts. The lawsuit alleges that in the April 1 theft incident involving approximately $280 million worth of Drift Protocol, Circle allowed the attacker to transfer roughly $230 million USDC to Ethereum via a cross-chain transfer protocol.
MarketWhisper30m ago
Tether Freezes 3.29M USDT in Rhea Finance Hacker Address
Tether CEO Paolo Ardoino announced the freezing of 3.29 million USDT connected to a hacker linked to Rhea Finance's $7.6 million theft due to a fake token contract attack.
GateNews1h ago
Circle Faces Class Action Lawsuit Over $230M Unblocked USDC in Drift Protocol Attack
Circle faces a class action lawsuit for failing to freeze $230 million in stolen USDC after the Drift Protocol attack. Plaintiffs argue that Circle's protocols allowed attackers to move and convert the stolen funds without intervention, raising concerns about the company's responsibilities in monitoring cross-chain transfers.
GateNews1h ago
CFTC Chairman Selig: Prediction-market fraudsters will face harsh legal penalties; will not pause rulemaking
In a House hearing, U.S. CFTC Chairman Selig emphasized a “zero-tolerance policy” toward market fraud and manipulation. He responded to questions regarding a $500 million oil futures transaction and said the CFTC is drafting rules to regulate prediction markets. Selig also mentioned a cooperation memorandum of understanding with the SEC to strengthen oversight of digital assets. Given that the CFTC currently has only one commissioner—himself—Selig emphasized operational efficiency and will hire new staff to enhance regulatory capacity.
MarketWhisper2h ago
Texas Man Sentenced to 23 Years for $20M Cryptocurrency Fraud Scheme
Robert Dunlap has been sentenced to 23 years in federal prison for a $20 million cryptocurrency fraud scheme involving the sale of a fictitious coin, falsely backed by valuable assets. He was convicted of mail fraud and must pay restitution to nearly 1,000 victims.
GateNews2h ago