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Deribit and Crypto.com added BlackRock’s $2.9B BUIDL fund as crypto trading collateral.
U.S. officials filed to seize $225M in crypto tied to global investment scam operations.
NYC dismantled a Facebook ad scam targeting Russian-speaking users, seizing over $ 440,000 in cryptocurrency.
The cryptocurrency market has witnessed significant events, including trading platform developments, regulatory actions, and fraud investigations. Deribit and Crypto.com listed the tokenized BlackRock plan of the U.S. Treasury fund as trading assets, increasing institutions' access to yield-bearing digital assets.
Meanwhile, the US federal government acted to appropriate a $225 million-worth cryptocurrency connected to international fraud. Following the New York-based law enforcement coalition of state officials and the FBI, authorities shut down the fraud ring orchestrated via Facebook and aimed at Russian-speaking New York residents.
Crypto derivatives exchange Deribit and spot exchange Crypto.com have begun accepting BlackRock’s tokenized U.S. Treasury fund, BUIDL, as collateral for trading. The move, reported by Forbes, allows institutional and professional traders to use the low-volatility, yield-bearing asset to support margin requirements.
BUIDL, BlackRock’s Institutional Digital Liquidity Fund, currently holds around $2.9 billion in tokenized U.S. Treasurys and represents nearly 40% of the market, according to data from RWA.XYZ. The fund is primarily built on Ethereum, which hosts $5.7 billion of the $7.3 billion in total tokenized U.S. government securities. This merge has the potential to enhance the presence of BUIDL within the digital asset economy and widen its usage in both centralized and decentralized finance platforms.
Coinbase, which revealed a $2.9 billion purchase of Deribit in May 2025, may likewise benefit from BUIDL’s expanding presence. Moreover, earlier this year, BlackRock announced its intention to list BUIDL on leading cryptocurrency exchanges, including OKX and Binance. Earlier this year, Frax Finance decided to include BUIDL as collateral for its stablecoin frxUSD, noting the token’s liquidity depth and diminished counterparty risk.
The U.S. Secret Service, in collaboration with the FBI and the U.S. Attorney’s Office, announced a civil forfeiture complaint to seize over $225 million in cryptocurrency tied to fraudulent investment schemes. Authorities labeled it the largest crypto seizure in the history of the U.S. Secret Service.
Investigators traced the funds through blockchain analysis, revealing a network of transactions connected to “cryptocurrency confidence scams.” These schemes are said to have tricked investors into buying fraudulent investment schemes, causing mass losses. According to federal sources, the wallets held crypto linked to money laundering, fraud, and theft.
Jeanine Pirro, currently serving as interim U.S. Attorney for the District of Columbia, stated that the initiative aimed to recover funds and restore financial justice for victims. The Internet Crime Complaint Center of the FBI recorded losses to crypto scams of $5.8 billion in 2024, indicating the extent of active fraud.
New York state authorities disrupted a crypto scam operation targeting Russian-speaking residents in Brooklyn through deceptive Facebook ads. According to the New York State Department of Financial Services, the scam promoted fake crypto investment sites by impersonating regulatory approval, including fraudulent BitLicense certificates.
The scam directed victims to WhatsApp and Telegram channels, where they were persuaded to invest more funds under false promises of high returns. Victims later faced fictitious withdrawal fees and ultimately lost access to their assets. Officials reported that over 300 individuals were affected and estimated losses to exceed $1 million.
The scam’s operators used black hat advertising techniques to pay Meta and domain registrars. Meta has since deactivated over 700 accounts linked to the fraudulent campaign. Authorities seized $140,000 and froze an additional $300,000 in stolen cryptocurrency as part of the takedown.
Also Read: Crypto Prices Today: Bitcoin Drops to $105K, XRP Falls 3.25%, HYPE Slides Nearly 5%
