PANews reported on May 16 that according to Red Star News, on May 15, Sichuan Public Security released 10 typical cases of economic crimes, including the "2•6" illegal operation (foreign exchange) case. In this case, since August 2021, Fan, He, Chen and others have successively set up studios and technology consulting companies in Chengdu, using social networking software to conduct targeted traffic to target customers, colluding with domestic agents of foreign exchange institutions, and providing illegal cross-border RMB exchange business through overseas gift card cashing and virtual currency counter-trading, involving a total amount of more than 3.9 billion yuan. The case successfully arrested 21 criminal suspects, and the investigation was concluded in December 2024 and transferred for review and prosecution.
Sichuan Public Security Bureau released a typical case: a gang illegally operated foreign exchange through virtual currency arbitrage and other means, involving more than 3.9 billion yuan
- 2025-05-16
Binance: Users with 186 or more Alpha Points can participate in the AGT TGE event
- 2025-05-16
12 more charged in $263M crypto theft ring that blew it on booze and cars
- 2025-05-16
Coinbase drops 7% on customer breach, SEC probe into user numbers
- 2025-05-16
Binance Alpha adds SuiNS Token (NS)
- 2025-05-16
Ethereum spot ETFs had a total net outflow of $39.7859 million yesterday, with only BlackRock ETF ETHA achieving net inflow
- 2025-05-16
Bitcoin spot ETFs had a total net inflow of $115 million yesterday, with only BlackRock ETF IBIT achieving net inflow