US and UK authorities are jointly investigating $20+ billion worth of crypto transfers routed through Russian exchange Garantex, raising questions about the scale and nature of these financial activities.
KikyoSouth Korean police have arrested a gang of ten individuals involved in stealing money through fraudulent USDT over-the-counter (OTC) trading in the affluent Gangnam district of Seoul. The gang lured a victim to a street in Yeouido and promised discounted prices for USDT tokens. However, during a meeting arranged online, the gang attacked the victim's group while pretending to count cash, fleeing with the money without transferring any coins. Three suspects were arrested near the crime scene, while four others were apprehended in Anseong City. Two additional suspects fled to Busan but were later arrested. The alleged mastermind was captured in Cheongyang County. The gang had plans to target Busan, and they may have additional cryptocurrency-related targets. Police seized approximately $37,000 in cash and a gold necklace worth about $4,750. The suspects have been charged and handed over to the prosecution. This incident highlights the rising crime associated with cryptocurrency OTC trading in South Korea.
BerniceIf you observe carefully, you can find that there are many crypto exchange shops scattered on the streets of Hong Kong.
JinseFinanceIf mainlanders go to Hong Kong to conduct exchange business between USDT and Hong Kong dollars or US dollars, will it constitute an illegal crime within the country, especially the "illegal foreign exchange purchase and sale" included in the crime of illegal business operations?
JinseFinanceIn recent days, there has been a lot of news circulating on the Internet about the illegal financial activities of buying and selling virtual currencies, making friends in the currency circle panic.
JinseFinanceRegarding the behavior of OTC merchants making money from the price difference by buying and selling the stable currency USDT, can these currency exchanges be charged with an "illegal business crime"?
JinseFinanceDairy Queen surprises Chengdu with an unconventional NFT collaboration with Weirdo Ghost Gang, transforming its outlet into a "ghost ski resort" pop-up, showcasing limited-edition merchandise and a unique ice cream creation, amidst broader industry trends of integrating NFTs into tangible products and strategic considerations in a fluctuating market.
JasperSouth Korean authorities have apprehended 49 individuals and frozen £12 million in assets in connection with an alleged international cryptocurrency fraud ring. The group is accused of running a fake cryptocurrency investment platform that attracted investors from abroad, resulting in losses of over £11.5 million for at least 253 victims, highlighting ongoing concerns about cryptocurrency fraud in South Korea.
JixuAn alleged SIM swap attack on the Gutter Cat Gang NFT project resulted in the illegal transfer of non-fungible tokens (NFTs) valued at more than $765,000.
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