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

Warren probes China-based Bitmain over US security concerns: Report

Senator Elizabeth Warren has reportedly asked the US Commerce Department to explain how it is handling potential national security risks tied to Chinese crypto mining giant Bitmain, following previous reports that the firm has been under federal scrutiny. In a letter sent Thursday to Commerce

The police in Chenzhou, Hunan, have cracked a virtual currency investment fraud case and seized 310 grams of gold.

Gate News reports that on March 29, the police in Chenzhou, Hunan province, uncovered a new type of investment fraud case involving virtual currency called "two golds for cash." They intercepted 7 packages of gold related to the fraud and seized 310 grams of gold. The police investigation revealed that the criminals lured victims under the guise of investment and financial management, encouraging them to purchase gold offline and send it to designated addresses. The illicit funds were then repeatedly circulated through virtual currency exchanges and overseas account transfers. The involved gold is currently being gradually returned to the victims, and the case is still under further investigation.

AI Giants' Secret Past: Nvidia's Old Case Reexamined, Accused of Concealing $1 Billion in "Mining GPU" Revenue

NVIDIA has recently faced a class-action lawsuit from investors for concealing over $1 billion in cryptocurrency mining revenue, which has been officially approved to proceed by a U.S. federal judge. Investors allege that NVIDIA failed to adequately disclose its business's reliance on cryptocurrency demand during the period from 2017 to 2018, which affected its stock price. Although NVIDIA claims that cryptocurrency mining only accounts for a small portion of its business, the company benefited significantly during the crypto boom, and subsequently, its business performance was impacted by fluctuations in demand.

Singapore cracks down on cryptocurrency asset theft case, involving an amount of 8.83 million Singapore dollars.

On March 29, Singapore cracked a case of internal employee conflict involving the theft of cryptocurrency assets, with an amount of 8.83 million Singapore dollars at stake. Three defendants, dissatisfied with their dismissal, illegally hacked into their former employer SafeX's account, stole cryptocurrency, and laundered money. Zhang Xinghua has pleaded guilty and received a two-year sentence, while one of the other two has fled.

UK sanctions individuals associated with Cambodia’s Crown Prince Group, including Hu Xiaowei, and the virtual currency platform “New Coin”

The UK has imposed new sanctions on Southeast Asian scam networks, naming Chen Zhi and his long-time collaborator Hu Xiaowei, and sanctioning the cryptocurrency exchange "New Coin," alleging that it supports fraudulent activities.

Warren requested the provision of records on Bitmain due to concerns about security issues.

Senator Elizabeth Warren requested the U.S. Department of Commerce to provide records on Bitmain Technologies amid concerns of national security risks related to its bitcoin mining equipment. This inquiry is part of the ongoing "Operation Red Sunset" investigation into potential espionage and power grid disruptions. Warren also expressed worries about possible political influences due to business ties between the Trump family and Bitmain.