ChainCatcher news, Accolade Partners, based in Washington D.C., announced that it has raised $202 million for its latest "fund of funds," which will focus on blockchain and cryptocurrency investments. The fund is named Accolade Partners Blockchain III and completed its fundraising in October of this year, but the company only announced the news recently.It is reported that Accolade's portfolio includes 1kx, Archetype, Framework Ventures, Parafi, Portal, Reverie, and Varrock.

ChainCatcher news, the police in Busan, South Korea, have arrested a group of scammers who operated a fraudulent investment group under the guise of cryptocurrency futures investment, promising high returns. On November 21, the police detained the main suspect A and 23 others on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes and the Act on the Prohibition of Similar Fundraising Activities.According to police investigations, from October last year to May this year, A and others set up fake investment websites, impersonated investment experts, and lured 134 victims into participating in the so-called "investment guidance group" through social media ads and text messages, promising capital protection and high returns, defrauding a total of about 6.5 billion won (approximately 4.65 million USD).

ChainCatcher news, the US-listed company Unitronix Corp. (OTC: UTRX) recently announced a cryptocurrency portfolio strategy aimed at combining fundamental crypto assets like Bitcoin with dynamically selected high-growth assets, including DeFi tokens and stablecoins, primarily consisting of:Strategic investment in Bitcoin: Plans to allocate most of the funds to Bitcoin;Diversified cryptocurrency assets: Holding assets including ETH, Solana, as well as DeFi tokens and meme coins;Dynamic leverage management: Under favorable market conditions, the portfolio's leverage can reach up to 10 times, adapting to changing market dynamics while controlling risk and achieving growth;AI-driven management and rebalancing: Actively managing the portfolio using AI algorithms.Unitronix Corp CEO Kenneth Williams stated: "We are committed to making it easy for shareholders at all levels to access cryptocurrency directly. Our portfolio strategy fully leverages the high growth potential of cryptocurrencies while maintaining strong risk control. This is an unprecedented way to access digital assets through a regulated investment structure." (PR Newswire)

ChainCatcher news, South Korean police have arrested 215 people in an investigation into a cryptocurrency investment fraud case involving 325.6 billion won (232 million USD).The Anti-Corruption and Economic Crime Investigation Department of the Gyeonggi Southern Provincial Police Agency stated that the arrested suspects include staff from a fake investment consulting company and an unidentified YouTuber with 620,000 subscribers. From December 2021 to March last year, the scheme allegedly defrauded more than 15,000 people by promising high returns on investments in virtual assets. The scheme primarily targeted middle-aged and elderly individuals, promising 20 times returns and encouraging people to sell apartments and take out loans to fund their investments.The investments themselves included 28 different tokens, of which 6 were created by the gang. The remaining 22 had low trading volumes and were considered to have little value. Among those arrested, 12 are still in custody, including the YouTuber, who is also the head of the consulting company. He initially fled from South Korea to Australia via Hong Kong and Singapore.It is reported that the names of the individuals involved have not been disclosed.

ChainCatcher news, according to The Block, CoinShares stated that crypto investment products attracted a net inflow of $2.18 billion globally last week, bringing the total net inflow for the year to a record $29.2 billion.CoinShares' Head of Research, James Butterfill, indicated that the inflow of crypto funds may be driven by the "election excitement" brought about by a Republican victory in the United States.

ChainCatcher news, according to ThebBock, Florida Chief Financial Officer Jimmy Patronis stated during an interview with CNBC on Thursday that the state's portfolio holds approximately $800 million in crypto-related investments. He would not be surprised by an increase in this number if former President Trump is re-elected next month.Earlier this week, Patronis mentioned in a letter that Florida should invest a portion of the state pension fund into cryptocurrency.

ChainCatcher news, Dubai's cryptocurrency regulator has updated the marketing guidelines for virtual assets, requiring companies to include disclaimers that clearly state investment risks when marketing.Starting from October 1, companies wishing to promote virtual assets in the UAE must include a "prominent" disclaimer stating that "virtual assets may partially or completely lose their value and are subject to extreme volatility," the Dubai Virtual Assets Regulatory Authority (VARA) announced on Thursday.VARA CEO Matthew White stated, "We believe that by providing clear and actionable guidance, we can help Virtual Asset Service Providers (VASPs) offer services responsibly while fostering trust and transparency in the market."

ChainCatcher news, according to Bitcoinist, Yang Bin, who was once the second richest person on the Chinese rich list, has been sentenced to six years in prison in Singapore for running a Ponzi scheme disguised as a cryptocurrency investment business, involving millions of dollars.On August 26, the 61-year-old Dutch national of Chinese descent admitted to eight charges, including conspiracy to participate in a fraudulent scheme and operating without a valid work permit, and was fined 16,000 Singapore dollars (12,200 USD).According to local media reports, Yang Bin conducted fraudulent activities under the name A&A Blockchain Innovation, attracting over 700 investors who invested 6.7 million Singapore dollars between May 2021 and February 2022, but lost about 1.1 million Singapore dollars.The company claimed to own 300,000 cryptocurrency mining machines, generating a daily return of 0.5% for investors. However, such machines did not actually exist. Instead, Yang Bin used funds from new investors to pay returns to earlier investors, a hallmark of a Ponzi scheme.It is reported that in 2001, Yang Bin was ranked as the second richest person on the Chinese rich list by Forbes magazine and was regarded as a pioneer in China's economic boom and a model of rapid wealth accumulation. In 2003, he was sentenced to 18 years in prison by a Chinese court for tax evasion and was released in 2016 after serving his sentence.

ChainCatcher message, the encrypted investment strategy protocol Doubler has released a series of updates on X.Specific information:Doubler Lite V2 will launch on August 10 at 6:00 (UTC) on Arbitrum One, supporting $ETH and $PEPE;Doubler Lite will continue to launch more tokens;Doubler Pro is coming soon;Apart from the portion reserved for Doubler Eyes, the $DBR tokens withheld by the Sybil review rules will be quickly allocated as instant liquidity rewards in the Doubler Pro and Doubler Lite versions, ensuring a more efficient distribution of $DBR.

ChainCatcher news, the Bangko Sentral ng Pilipinas (BSP) reminds the public to be vigilant against video and audio scams involving artificial intelligence manipulation, which promote false information related to cryptocurrency investments.The BSP emphasizes that Governor Eli M. Remolona Jr. does not endorse the so-called cryptocurrency project "Tesler Code" or any other cryptocurrency investments. Distorting the BSP or its officials is a punishable offense. To avoid becoming a victim of these scams, the BSP advises the public to exercise caution, refrain from sharing personal information with unverified entities, and verify the legitimacy of communications claiming to represent the BSP.

ChainCatcher news, according to Cointelegraph, the crypto investment platform Yield App has announced that it will immediately cease all operations on its platform.Previously, Yield App's assets were held by third-party hedge fund managers on the now-defunct cryptocurrency exchange FTX, and suffered portfolio losses, with related lawsuits still ongoing. Although Yield App had previously assured that its exposure to FTX was not significant, this announcement has raised questions about its transparency.Currently, Yield App has suspended community channels, but will remain open to the public through the support channels on its official website.

ChainCatcher news, according to Forbes, billionaire Steve Cohen's venture capital arm Point72 Ventures is shifting its investment focus towards artificial intelligence and defense technology startups after laying off five investors who specialized in fintech and cryptocurrency. Sources revealed that this move is part of the company's strategic adjustment aimed at optimizing resource allocation and seizing the biggest market opportunities.Among those laid off are three fintech experts and two members of the Point72 Ventures digital assets team. Insiders indicated that partners Tripp Shriner and Sugam Sarin may also leave, but there are reports that they might continue to support the existing portfolio companies.Since its establishment in 2016, Point72 Ventures has invested in over 100 startups across various sectors, including fintech, artificial intelligence, consumer, enterprise, and defense technology. Notably, fintech startups hold a significant position, including MX Technologies and Vestwell, which are on Forbes' list of the top 50 fintech companies. However, with the significant decline in valuations within the fintech sector and a sharp reduction in venture capital, Point72 Ventures is adjusting its investment strategy.

ChainCatcher news, the UK's Financial Conduct Authority (FCA) has issued a warning against a cryptocurrency investment company named Digital Assets Nest, stating that the company is promoting financial services without proper authorization, posing risks to investors.

ChainCatcher message, according to Scam Sniffer monitoring, 5 hours ago, a user lost 2.41 million dollars in a cryptocurrency investment scam.

ChainCatcher news, according to Bitcoinist, Lilian Nurieva, the former head of the Russian cryptocurrency investment fund Finiko, has been sentenced to three years in prison for defrauding private investors and participating in an organized crime group. The Federal Foundation for the Protection of Investors' and Shareholders' Rights considers this $55 million pyramid scheme to be the second-largest financial fraud in post-Soviet Russian history.In 2021, Russian authorities began investigating the "cryptocurrency investment fund" Finiko for suspected fraud and organized crime. According to the investigation, the fund was a cryptocurrency scheme based on a pyramid scheme that attracted funds from millions of investors.The Kazan Vakhitovsky District Court ruled that Lilian Nurieva, one of the executives of Finiko, was guilty of defrauding investors. Nurieva was a key participant in the scheme and received a "light" sentence for cooperating with prosecutors.

ChainCatcher news, according to Cointelegraph, the Federal Bureau of Investigation (FBI) and a New York court recently arrested and charged Idin Dalpour with fraudulent activities, including providing deceptive investment opportunities in the following areas: a Las Vegas hotel business and a cryptocurrency trading business.It is alleged that Dalpour attracted unsuspecting investors with promises of huge returns, which were merely a facade for a massive Ponzi scheme.As part of the cryptocurrency trading scheme, he claimed to have bulk purchased cryptocurrencies and sold them to retail investors for profit.