Tsim Sha Tsui Cryptocurrency Company Employee Arrested for Stealing 2.67 Million USDT

80-Year-Old Scam Victim Lost $285,000 to Telecom Fraud, Files Lawsuit Against Charles Schwab After Funds Converted to Cryptocurrency

80-year-old investor George Chryssanthou fell victim to a telecom scam in January 2025, losing approximately $285,000. The scammers impersonated Microsoft technical support and induced him to transfer funds to a CEX account, which were subsequently converted to Bitcoin. He has filed a complaint with FINRA against Charles Schwab for failing to prevent the suspicious transfer.

IPO Dreams Shattered! Gemini Hit with Class Action Lawsuit for "Misleading Investors," Stock Price Plummets 80% with 25% Layoffs and Exit from Multiple Countries

Gemini cryptocurrency exchange is facing its biggest crisis since its IPO, as it has been accused of providing false information in its listing documents, causing its stock price to plummet 80% and significant losses. The company has announced a 25% workforce reduction and withdrawal from multiple international markets, sparking serious market concerns about its operations. This incident may also impact the listing process of future crypto enterprises.

Guizhou Police Crack Down on Virtual Currency Trading Fraud Case, Scammer Uses "Read-Only Wallet" to Steal 7118 USDT

Police in Wanshan District, Tongren City, Guizhou Province, China have cracked a virtual currency trading fraud case. The victim was defrauded of 7118 USDT, equivalent to over 50,000 yuan. The scammers used read-only wallets and cash displays to gain trust before quickly transferring assets. Police remind the public that virtual currency trading carries high risks and requires careful verification of wallet address authenticity.

UK Shuts Down Zedxion Over False Registration Claims

Companies House has shut down crypto firm Zedxion for submitting misleading information during its incorporation. This action highlights increasing regulatory scrutiny in the digital asset sector and emphasizes the need for compliance and transparency in company registrations.

Hunan Cracks Down on Novel Cryptocurrency Money Laundering Case, Using Moutai Liquor Transactions to Conceal 6.84 Million Yuan, 8 People Sentenced

The Procuratorate of Yuetang District, Xiangtan City, Hunan Province announced a verdict in a money laundering case. Eight defendants were sentenced for concealing telecom fraud proceeds through virtual currency and counterfeit Moutai liquor transactions, with the case involving more than 6.84 million yuan. The criminal group used sophisticated methods to disguise illegal proceeds as legitimate income. They were ultimately discovered by police and subjected to a full-chain crackdown.

Husband accuses wife of stealing over 2,000 bitcoins! Judge: The plaintiff has a very high chance of winning.

The UK High Court recently heard a Bitcoin theft case in which plaintiff Ping Fai Yuen accused his separated wife Fun Yung Li of stealing Bitcoin from his hardware wallet through secret surveillance, valued at approximately $176 million. Audio recordings and search warrant evidence supported the plaintiff's claims. The court maintained the asset freeze order but rejected certain claims. The judge found the plaintiff had an extremely high likelihood of success and recommended expediting the trial date.