虚拟货币交易 · 751

Scammers have been chatting about setting up virtual currency “mining” scams for more than a month, and more than 30 people have been defrauded of more than 3 million yuan

Comparative news, according to the Qilu Evening News, a new type of virtual currency “pledge mining” scam has recently appeared. The crooks use long-term dating platforms to create perfect personalities, chat with victims for a month or two, and then guide victims to overseas private communication software such as WhatsApp and Discord to induce them to download false mining platforms and sign contract authorizations, and use the contract's asset transfer authority to silently transfer account funds in the background. The crooks did not mention sensitive terms such as “investment” and “financial management” throughout the process, packaging the scam as “idle computing power pledge mining,” claiming zero risk and stable income, and inducing victims to increase their investment through small rebates. Currently, most of the victims are young people in need of side jobs. It is known that the amount of money defrauded exceeds 3 million yuan, and the maximum loss per person exceeds 300,000 yuan. The victims are spread all over the country. Lawyers cautioned that virtual currency transactions are not protected by law. Anyone on a social networking platform that induces a stranger to switch to overseas software or asks the wallet to authorize an unknown contract is considered fraud, and never transfer money twice.

11d ago

Central Bank Shanghai Headquarters: Continuously Prevent and Deal with the Risk of Cryptocurrency Trading Hype

Comparatively, the Shanghai headquarters of the People's Bank of China held a working meeting for the second half of 2026, which stated that it is necessary to firmly adhere to the bottom line that systemic financial risks do not occur. Continue to step up the evaluation and verification of banking institutions' ratings. Strengthen the monitoring and analysis of systemically important financial institutions. Continuously prevent and dispose of the risk of virtual currency trading hype. Actively promote agencies under the jurisdiction to regulate online marketing practices for financial products. Continuously improve systemic risk prevention and mitigation mechanisms. Strengthen the fight against illegal financial activities. Continue to improve the macroprudential management mechanism framework. Comprehensively improve the level of monitoring cross-border financial risks.

15d ago

China's Zhanjiang police smashed a virtual currency launderer gang; 16 people were tortured

According to comparative news, the public security authorities at the Zhanjiang and Leizhou levels in Guangdong, China recently launched a centralized network collection operation to successfully destroy a criminal gang that uses virtual currency transactions to transfer stolen money through telecommunication networks. The 16 members were taken into criminal detention in accordance with the law. The gang, headed by He and Zhang, have relied on the virtual currency transaction model to launder and transfer stolen money since the end of 2025, illegally profiteed by earning transaction price differences, and built up a money laundering chain in large numbers by collecting payment accounts such as personal bank cards, WeChat, and Alipay. In the early morning of July 24, the police accurately collected the network across regions and destroyed the gang throughout the chain. Zhanjiang Public Security solemnly warned that laundered money laundering is an important accomplice in telecommunication network fraud. Depending on the seriousness of the circumstances, the people involved will be suspected of aiding criminal activities, concealing, and concealing criminal proceeds and proceeds of crime. The general public must not rent, lend, or sell personal bank cards and various payment accounts because they are greedy for small commissions, resolutely prevent participation in illegal activities such as virtual currency fund transfers, money laundering, etc., consciously protect personal credit information and property safety, and actively stay away from all kinds of illegal and criminal activities involving fraud.

22d ago

Aunt 6 Xun impersonated a 20-year-old girl online dating guy to defraud him of investing more than 200,000 virtual currency to no avail

Comparative news. According to a report by the Beijing Evening News, the Haidian court recently handed down a verdict on a fraud case. Because he is addicted to virtual currency transactions and is unwilling to use his own pension, the retired man formed an online dating relationship with a young man by disguising himself as Xiaohong, a staff member of the Central Ministry and Government in his 20s on a short video platform. Meng defrauded the man of a total of more than 200,000 yuan, citing reasons such as his family's illness and urgent need for surgery and going abroad to prepare for the exam. Meng invested all of the more than 200,000 yuan he had defrauded into virtual currency transactions and opened a tenfold leverage. Afterwards, his position was burnt out due to a decline in the market, and all of his funds were lost. The Haidian Procuratorate previously prosecuted Meng for fraud. In the end, the Haidian court sentenced Meng to 4 years in prison and a fine, while also ordering him to refund the victim's financial losses.

73d ago

Stole 107 bitcoins without forgetting to remember the mnemonic words. A Chinese man was sentenced to 10 years and 9 months for the crime of theft

Comparative news. According to Knews, the Supreme Prosecution revealed a new type of virtual currency theft case on June 7. Zhang, a man from Shandong, helped his friend Feng handle virtual currency transactions for a long time. After gaining the trust of the other party, he took the initiative to suggest that Feng replace a digital wallet that is more convenient to operate. The asset mnemonic word (key) for this type of wallet is generated by the system randomly extracting 12 combinations from 2048 commonly used English words, and is the core password for storing virtual currency. While Feng was transcribing mnemonic words, Zhang memorized 11 complete words with only his naked eye and excellent memory, and also wrote down the first letter of the last word. On the same night, they relied on repeated testing and combined cracking of fragmented memory to successfully unlock Feng's digital wallet, transfer 107 bitcoins to the other party, and subsequently illegally profiteed 660,000 yuan. The court eventually sentenced him to 10 years and 9 months in prison and a fine of 100,000 yuan for theft.

75d ago

An online USDT purchase was scammed. China's Hunan police helped recover and return all the funds involved in the case

Comparative news, according to the “Hunan Daily” report, at around 20:00 on February 9, the Baojing Public Security Bureau in Hunan Province of China received police reports that Mr. Liu, a victim from another province, had been scammed and claimed that he had been scammed when purchasing the virtual currency USDT through the Internet. The total amount of funds defrauded was 100,000 yuan. After receiving the report, the Baojing County Public Security Bureau drew up a competent police force to set up a special task force to investigate the case overnight. The police handling the case combined various investigation methods to eventually lock down the suspect on Shi. After investigation, the suspect, Shi, had no fixed income or virtual currency trading qualifications. In order to defraud him of money, he collected screenshots of others trading coins through the Internet, falsified false profit records, and impersonated a senior “coin dealer” to defraud him of his trust. The victim, Mr. Liu, believed it and transferred 100,000 yuan to Shi's designated account. After Shi received the payment, he did not deliver virtual currency. Instead, he used some of the funds for gambling and squandering, and the remaining funds were split, transferred and hidden. The police handling the case quickly locked down Shi's identity and activity trajectory by accurately investigating the flow of funds and comprehensively fixing the evidence involved in the case. They made a decisive attack on the night of the report, successfully arrested Shi and brought him to justice. The case was opened and investigated in accordance with the law the next day. After the investigation of the case, the police always insisted on “putting equal emphasis on solving the case and recovering stolen goods”, patiently publicized laws and policies, actively mobilized the suspect's family to cooperate in the refund of the claim, and eventually recovered the full amount of 100,000 yuan of funds involved in the case. On the morning of May 14, the full amount of the defrauded funds of 100,000 yuan recovered according to law was returned to the victim, Mr. Liu. Currently, criminal suspect Shi has been subject to criminal coercive measures in accordance with the law on suspicion of fraud, and the case is being further investigated.

94d ago

HK Web3 Feastival Roundtable: Balancing Regulation and Innovation to Build a Sustainable Asian Digital Finance Ecosystem

Comparing news, it was reported live that Lee Kwok-kuen, Director of the Global Fintech Academy, Qiu Dagen, Hong Kong Legislative Council member (science and technology innovation community), Chen Siyuan, Chief Public Mission Officer of Hong Kong Cyberport Management Co., Ltd., and Masashi Yuki, Executive Director of the Japan Virtual Currency Exchange Association (JVCEA) & Japan Crypto Asset Business Association, attended the HK Web3 Feastional Roundtable to discuss “Balancing Regulation and Innovation to Build a Sustainable Digital Finance Ecosystem in Asia”. Qiu Dagan said that the legislative process is fully advanced, and the next step is to see innovation-driven ways to improve the regulatory framework while leaving room for new products and new business models. Using the startup exemption mechanism in the US Act as an example, he emphasized that the soil for innovation is also important. He also pointed out that the Hong Kong stock market does not currently allow a market maker system, and the rules for providing liquidity in virtual asset transactions will be addressed in legislative discussions within this year. As for predicting the market, he personally believes that Hong Kong currently does not have the conditions to open up. Chen Siyuan explained that Cyberport launched a blockchain and digital asset pilot subsidy program last year. Nine projects participated, more than half of which involved RWA tokenization, with the goal of moving the project from proof of concept to commercialization. He said that Cyberport has brought together more than 300 Web3 companies from 19 countries and regions, and emphasized that trusted digital identities (KYC/AML compliance) are the foundation for scaling up RWA and payment projects, while secondary market liquidity determines whether tokenized assets can become real market products. Masashi Yukimasa revealed that Japan's Financial Services Agency (FSA) submitted a new bill to the Diet on April 10 to move the regulation of crypto assets from the Financial Services Act to the Financial Instruments and Exchange Act, which means that the government officially recognizes the investment properties of crypto assets, which is a major shift. At the same time, he pointed out that Japan previously moved more than 200 companies to Singapore and other places due to strict regulations. Recently, through measures such as adjusting the institutional tax system and discussing personal encryption tax reform, companies are gradually returning. Moderator Li Guoquan concluded that Asian jurisdictions are not competitive relationships but parts of the same ecosystem. Too high compliance costs may push high-quality institutions into a grey area. How to lower the compliance threshold and promote responsible innovation in regulatory dialogues is a common issue facing the Asian digital finance ecosystem.

124d ago

The Chinese People's Daily published an article criticizing 100 times the currency and the like using false profit information to induce popularity

Comparing news, the China People's Daily published an article “Disrupting the Capital Market, Financial Self-Media Accounts Should Be Wary of”, which names some accounts by posting false income information such as trading 100 times the coin to earn one million a month, leading to virtual currency transactions. The article once again quoted previous notices from eight departments including the central bank, stressing that virtual currency-related business activities are illegal financial activities, and pointing out that accounts and platforms that provide drainage and technical services for illegal virtual currency transactions are suspected of breaking the law and may threaten financial security and anti-money laundering efforts.

130d ago

Take advantage from all over the world, and the whole agenda is revealed for the first time! 2026 Hong Kong Web3 Carnival, all stars shine in the Hong Kong River

From April 20 to 23, the 2026 Hong Kong Web3 Carnival will kick off at the Hong Kong Convention and Exhibition Center. This year's carnival will be held in Hong Kong for the fourth year in a row since the first Web3 Carnival in 2023. Using “Mountain, Wind, Cloud, and Sea” as the context, the conference set up four major themed stages over a four-day period to conduct in-depth discussions and sharing, and jointly write the chapter “Wind the Xiangjiang River and Connect to All Seas”. Hong Kong Financial Secretary Chen Maobo, Ethereum Co-Founder Vitalik Buterin, University of Maryland Finance Professor Michael Faulkender, Binance Co-CEO He Yi, Quantum Solutions CEO Francis B. Zhou, Sharplink CEO Joseph Chalom, and hundreds of other major guests from the fields of regulators, crypto ecology, traditional finance and technology frontiers will attend the event and share their insights, from tradition The confluence of the financial and cryptographic worlds, to the collision of AI and Web3, to the actual dismantling of RWA from concept to scale, the three core topics run through the four-day agenda and jointly define the direction of the next generation of digital world evolution. Main venue on April 20 · Mountain At 9 a.m. on April 20, the opening ceremony of the 2026 Hong Kong Web3 Carnival will be held at the main venue · Mountain. Representative to the National People's Congress, Vice Chairman of the All-China Federation of Industry and Commerce, Chairman and CEO of Wanxiang Group; Chen Maobo, Hong Kong Financial Secretary; Chen Haolian, Deputy Secretary for Financial Affairs and the Treasury; Ye Zhiheng, Executive Director of the Hong Kong Securities Regulatory Commission's Intermediaries Department; Michael Faulkender, former Vice Minister of the US Treasury and Professor of Finance at the University of Maryland; Li Guoquan, Director of the Global Financial Technology Institute; Chen Siyuan, Chief Public Mission Officer of Hong Kong Cyberport Management Co., Ltd. (JVCEA) & Yuki Masashi, Executive Director of the Japan Crypto Asset Business Association, Fan Wenzhong, Executive Director of the China Finance Association and former Chairman of the Beijing Financial Holdings Group, Chen Long, Secretary General of Luo Han Tang and Director of the Shanghai Smart Chain Finance Research Institute (Planning), and other guests (speakers were introduced in order of appearance) will all attend to share their opinions on hot topics in their respective fields and jointly kick off the 2026 Hong Kong Web3 Carnival. On the afternoon of April 20, there will be one of the most popular topics of this year's carnival, “Traditional Finance x Crypto Finance: Confluence”. Du Yu, Head of Wanxiang Blockchain Lab; He Yi, Co-CEO of the HashKey Group Exchange Business Group; Ru Haiyang; OKX Global Chief Commercial Officer Lennix Lai; Rita Liu, CEO of RD Technologies; Bugra Celik, Director of Digital Assets at HSBC; Deng Chao, CEO of HashKey Capital; Francis, CEO of Quantum Solutions B. Zhou, Sharplink CEO Joseph Chalom, KGA Managing Partner Kevin M. Goldstein, Binance Co-CEO Richard Teng, Stable CEO Brian Mehler, J.P. Morgan Asia Pacific (Payment Business) Fintech Industry Leader Akhil Devmurari, Bitstamp by Robinhood President Leonard Hoh, and many other industry leaders ( (Speakers will be introduced in order of appearance) will gather to discuss topics such as Hong Kong's stablecoin development, cross-border payments, and asset digitization. ▍ Session 1 · Are Wind AI's autonomous decisions and Web3's decentralized trust natural allies or genetic clash? When AI agents begin to manage assets and invoke contracts, who will endorse AI's actions? On the afternoon of April 20, a forum on the theme of “Web3xAI: Value Reconstruction in the Intelligent Era” will be held at the venue. Byteplus HK Technical Director Sophia Jin, Silicon Valley AI blogger Lang Hanwei (online), Ant Math CTO Yan Ying, Gen Labs Limited CEO He Xiaoyang, Google Cloud Strategy Advisor Michael Yung, Slow Mist Technology Partner and Product Leader Keywolf, TON Foundation Asia Pacific Head John and Qtum joined forces...

131d agoLuxurytracy

Caixin: Hu Xiaowei, an affiliate of the Cambodian Prince Group, was sanctioned by the United Kingdom

Comparatively, after Chen Zhi, the founder of the Cambodian Prince Group, was taken into custody for more than two months, Britain further imposed sanctions on Southeast Asian fraud networks, including Hu Xiaowei, who is closely linked to Chen Zhi. The sanctions document issued by the British side refers to Hu Xiaowei as “Wu Anming,” saying that he is linked to Chen Zhi and the Prince Group, is “Chen Zhi's long-term partner,” and provides financial services, economic resources, and technical support. According to reports, the virtual currency trading platform “SGD” has also been sanctioned. SGD is considered to be one of the largest illegal markets in Southeast Asia, providing cryptocurrency services to fraud centers, including selling stolen personal data and satellite internet devices to contact victims. (Caixin)

146d ago