News with the tag "Chinese Police"

The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.

Chinese police in Panshi City, Jilin arrested six people for running an “underground bank” providing illegal crypto-based operations for clients. Chinese police identified what they called an “underground bank” providing The post Chinese Police Bust Underground Bank Running Illegal Crypto-Based Curr...

Chinese police announced on their official website that they had collapsed the cryptocurrency ponzi scheme group, which had a money flow of $280 million. The Yuanbao Branch of the Chifeng The post Chinese Police Collapsed A Multi-Million Dollar Cryptocurrency Ponzi Scheme Group appeared first on Bit...

Crypto analyst Adam Cochran has released a Twitter thread alleging Huobi and Tron’s executives were arrested in China. According to Techub News, he says, credible sources have disclosed that the Chinese police have taken at least three Huobi encryption exchange executives into custody for investigat...

In an unforeseen chain of events that unfolded between May and July 2023, the CEO of Multichain, Zhaojun, was apprehended by Chinese authorities, destabilizing the blockchain project. The situation escalated when user assets began to be transferred to unknown addresses. From Seizure to Shutdown: The...

Multichain, a bridging protocol, has confirmed that it has ceased operations as CEO Zhaojun’s sister was arrested recently by the Chinese police while holding $220 million of the protocol’s funds. In a thread on its Twitter page, Multichain explained that it would be ceasing its operation due to the...