The FBI has issued a warning that North Korean threat actors may attempt to cash out stolen cryptocurrency valued at over $40 million, with recent investigations revealing that the group has moved approximately 1,580 bitcoin and is currently holding those funds in six different wallets.
A Hong Kong crypto exchange, HashKey, will begin retail trading on August 28, allowing residents to invest up to 30% of their net worth into cryptocurrencies with a warning if the limit is exceeded; meanwhile, China is cracking down on private blockchain firms, arresting crypto executives and seizing assets, and the FBI has traced down $41 million in Bitcoin stolen by North Korean hackers from various projects.
Hong Kong police have arrested six individuals involved in a fraud syndicate that used AI deepfake technology to create doctored images for loan scams, prompting authorities to remind financial institutions to upgrade their anti-fraud measures.
Five foreign nationals linked to a fraudulent cryptocurrency investment platform were arrested in Thailand after scamming local investors out of over $27 million worth of Thai bhat.
Dubai-based cryptocurrency exchange JPEX blames third-party market makers for "maliciously" freezing funds, leading to a liquidity crisis necessitating higher withdrawal fees and suspended operations.
Hong Kong cryptocurrency exchange JPEX has suspended trading following an investigation by the Hong Kong Securities and Futures Commission, resulting in the arrest of one individual, and the exchange is considering restructuring as a Decentralized Autonomous Organization (DAO) due to operational difficulties.
Hong Kong police have arrested crypto influencer Joseph Lam, also known as "jolamchok," for his connection to the crypto exchange JPEX, which is facing a liquidity crisis.
The troubled Hong Kong crypto exchange, JPEX, has applied for deregistration in Australia after allegedly soliciting over $128 million from users before being reprimanded by the Hong Kong Securities and Futures Commission.
The masterminds behind Hong Kong's JPEX crypto exchange scandal remain at large, with over 2,265 complaints from victims and an estimated $178 million in losses, despite 11 people being questioned and several arrests made.
The Hong Kong Securities and Futures Commission plans to release a public list of suspicious cryptocurrency trading platforms following the JPEX scandal, in an effort to combat unregulated platforms and maintain market confidence.
A Chinese worker was fined $144,907 for using a VPN to access restricted websites as part of his remote work routine, Hangzhou is airdropping 10 million digital yuan to incentivize food and beverage spending, 15 individuals have been detained in connection with the collapse of cryptocurrency exchange JPEX, and Hong Kong crypto exchange CoinEx will resume services after a $70 million hack by North Korea's Lazarus Group.
Four more people have been arrested in Hong Kong and Macau in connection with the JPEX crypto exchange scandal, bringing the total number of detentions to 18. One suspect was found destroying documents with paper shredders and bleach, and the incident highlights the need for strong crypto licensing laws.
Blockchain analytics investigators have identified an individual selling stolen cryptocurrency tokens from recent high-profile exchange hacks at discounted prices, with investigations pointing to a location in the European time zone.
Crypto exchange Binance, along with the US government and Thai police, has helped dismantle a multi-million-dollar crypto scam in Thailand that targeted novice traders with fake investment platforms, resulting in the arrest of five principal members and the seizure of assets worth $277 million.
The Hong Kong Police Force and Securities and Futures Commission have formed a working group to address illicit cryptocurrency exchange activities, particularly in response to the ongoing crypto scandal involving JPEX exchange, aiming to enhance monitoring, investigation, and collaboration on suspicious activities.
Hong Kong police have made another arrest in connection with the JPEX cryptocurrency trading platform scandal, bringing the total number of arrests to 28, as the alleged financial fraud case involves HK$1.56 billion and 2,538 victims.
Hong Kong police have warned users of a recent Binance phishing scam that has targeted Hong Kong-based customers, resulting in over $446,000 in combined losses over the last two weeks. Hackers gain access to users' Binance accounts by tricking them into verifying their personal details through fraudulent text messages, allowing the theft of assets from their wallets.
Crypto firms Digital Currency Group and Gemini are accused of defrauding over 230,000 investors of $1.1 billion by lying to investors, creating false financial documents, and concealing information from creditors, according to a lawsuit filed by New York state prosecutors.
