Coinbase, Do Kwon, Lindsay Lohan Are All Ensnared by Widening Crypto Dragnet

Last year’s crypto-market meltdown triggered a series of bankruptcies that almost completely reshaped the digital-asset industry. This year, government watchdogs appear to be arriving on the scene to finish the job.

The past week saw the industry hit with another deluge of enforcement news, from the SEC’s threat to take legal action against COINBASE Inc. and its suit against the Tron blockchain network to the apprehension of crypto fugitive Do Kwon. Even celebrity crypto promoters like actress Lindsay Lohan and rapper Soulja Boy got caught up in the crackdown.