ChainCatcher news, according to Dahe Opinion reports, the People's Court of the Economic Development Zone in Heze City, Shandong Province, has heard a telecom network fraud case involving Indian nationals as victims, related to virtual currency "Killing Foreigners" scams. It is reported that the criminals used high returns as bait to attract Indians to invest money, and then purchased 'USDT' virtual currency through a third-party payment platform with the invested funds, converting the virtual currency into RMB or USD and extracting a 15% profit.The court found that from June 1, 2023, to January 13, 2024, within just over 7 months, 66,800 Indians were defrauded, with a total fraud amount reaching 517 million Indian Rupees (approximately over 40 million RMB). Nine fraudsters were sentenced to fixed-term imprisonment ranging from five years to fourteen years and nine months, along with fines.

ChainCatcher message, Fuzzland co-founder Chaofan Shou posted on the X platform that the front-end component Bundler3 of the lending protocol Morpho has a security vulnerability, advising users to avoid interacting through the front end.Shou emphasized that only the "Multicall" function is affected, and the other functions are safe. If users need to withdraw funds, it is recommended to execute the Withdraw function directly through the contract. Currently, user funds themselves are not affected.

According to ChainCatcher, as reported by Cryptopolitan, the Busan District Court in South Korea sentenced three cryptocurrency investment fraudsters to prison for violating the Specific Economic Crimes Aggravated Punishment Act. The main perpetrator was sentenced to four and a half years in prison, while the two accomplices received sentences of three and a half years and two and a half years, respectively. The three conducted illegal cryptocurrency investment activities in a building in Busan in June 2019, claiming to possess an algorithm capable of trading from approximately 1,000 high-quality cryptocurrencies worldwide, promising investors a 30% monthly return on investment. In reality, they had no trading algorithm, and the funds raised, approximately 610 million won (about $416,000), were used for personal consumption.

According to the ChainCatcher news and the official WeChat account of the Intermediate People's Court of Ezhou City, the Ezhou Court has recently successfully concluded two cases of virtual currency online fraud. A fraud gang consisting of 34 defendants meticulously planned and executed the scams using a new type of virtual currency trading platform, resulting in nearly 30,000 victims in just one year, with a total amount involved of 460 million yuan.It is reported that the fraud gang established the "OURBIT Digital Currency Trading Platform," claiming to be "registered in Singapore" and other gimmicks. They fabricated trading K-line charts based on the trading prices of the Bitcoin market and created the illusion of trading nine types of virtual currencies.After hearing the case, the court determined that the amount involved was particularly huge, and the defendants' actions constituted fraud. The court sentenced the 34 defendants to fixed-term imprisonment ranging from three to twelve years and imposed fines. Given the large number of people involved and the complexity of the case, the court is handling the cases separately, and the judgments have all taken effect.

ChainCatcher message, Slow Mist Yu Xian forwarded a security case about hardware wallet usage on platform X: "A user stored BTC in a hardware wallet thinking it was safe, but after a few years, when they took it out, they found the battery had swollen and it was unusable. They found the same model wallet and went to Huaqiangbei to replace the battery, only to discover that the wallet had been initialized and there was no backup, resulting in a permanent loss. This serves as a reminder that if you use a hardware wallet, you must also ensure proper backups. If you need to repair a hardware wallet, make sure to find a professional hardware team."Yu Xian commented on this: "After a few years, the battery has swollen and the wallet has been initialized? Which hardware wallet is this? We need to avoid it... If there is a mnemonic backup, it can be tolerated... But without a backup, it's really..."

ChainCatcher message, Scam Sniffer has issued a phishing alert on the X platform stating that a counterfeit Microsoft Teams website is spreading malware. Risks include data leaks, credential theft, session hijacking, and wallet theft. Please verify the source before installation.

ChainCatcher news, according to Decrypt, the director of the movie "47 Ronin," Carl Rinsch, has been arrested for allegedly embezzling $11 million from Netflix and is facing charges of telecommunications fraud and money laundering.Prosecutors allege that Rinsch applied for additional funds from Netflix in 2020 under the pretext of completing the sci-fi series "White Horse," but actually transferred the money into his personal account for investment trading.According to the indictment, Rinsch had lost more than half of the funds by the end of April 2020, using them for highly speculative options and cryptocurrency trading. Reports indicate that if convicted on all charges, Rinsch could face up to 90 years in prison.