ChainCatcher news, the Tongcheng City Anti-Fraud Center received a tip-off indicating that there was a large suspicious fund transaction related to fraud in the area. It is reported that the victim, Ms. Hu, met a "rich and handsome" boyfriend named Zhang online, who claimed to be working in virtual currency investment abroad, and asked her to prepare cash to hand over to a "client manager." Fortunately, the police of Tongcheng City discovered and successfully intercepted the situation in time. Upon investigation, the so-called "client manager" was actually a "cash handler" recruited by an overseas fraud group. Currently, the suspect has been criminally detained in accordance with the law for suspected fraud, and the 730,000 yuan defrauded funds have all been returned to the victim. The case is under further investigation. (Anqing Voice WeChat Official Account)

ChainCatcher news, according to monitoring by Pie Shield, the Bunny Finance attacker marked address has transferred approximately 1,411.2 ETH (about 4.7 million USD) to Tornado Cash in the past 9 hours.

ChainCatcher message, HashKey Global has now launched the Bitcoin Cash (BCH) perpetual contract.The contract is a BCHUSDT perpetual contract, with the underlying asset being the BCH/USDT index, the settlement currency being USDT, a contract value of 0.01 BCH, a minimum price fluctuation of 0.01, a maximum leverage of 10x, and a funding fee cap of +0.75%/-0.75%, with funding fees settled every 8 hours.

ChainCatcher news, according to Ledger Insights, UBS has successfully piloted a blockchain-based payment system known as UBS Digital Cash, aimed at improving the efficiency of cross-border transactions.UBS stated in a press release that the pilot involved transactions with multinational clients and banks, including domestic transactions in Switzerland and cross-border payments in USD, CHF, EUR, and CNY. UBS plans to further expand and develop UBS Digital Cash.It is reported that the system uses a private blockchain network, accessible only to authorized clients.

ChainCatcher news, according to Onchain Lens monitoring, a certain whale cashed out a profit of $2.42 million after staking for a year. The whale withdrew 2,236 $ETH from @sparkdotfi, currently worth $5.86 million. Initially, the whale staked 2,200 $ETH, which was worth $3.47 million at the time (with an average price of $1,563 per ETH). After a year of patient waiting, this whale reaped substantial rewards.

ChainCatcher news, according to Coindesk, a judge in New York has ruled that the criminal trial of Tornado Cash co-founder Roman Storm will be postponed until April 2025 to resolve discrepancies regarding expert witness disclosures. The original trial date was set for this December.Storm's legal team has filed a motion with the U.S. Court of Appeals for the Second Circuit to overturn the order regarding expert witnesses, with a hearing scheduled for November 12.Storm faces three charges of alleged money laundering, unlicensed money transmission, and sanctions violations, which could result in a maximum sentence of 45 years in prison if convicted.

ChainCatcher news, decentralized cloud infrastructure provider Aethir has partnered with AI computing economic layer GAIB and cloud service provider GMI Cloud, which focuses on AI and AGI, to integrate the H200 Tensor Core GPU into its decentralized computing ecosystem. This marks the first production deployment of the H200 GPU in the Web3 space, providing high-performance computing technology for enterprises and developers.Through this initiative, Aethir, GAIB, and GMI Cloud will offer enterprise clients the powerful computing capabilities needed to handle demanding GPU tasks, including large language model (LLM) training and AI inference.GAIB introduces a new type of yield asset supported by real AI cash flow. GMI Cloud stakes physical H200 GPUs on the GAIB network and then re-stakes them to Aethir, making these computing resources available to anyone who needs them. In the future, GAIB will tokenize these GPUs and their yield on-chain. This will enable users to directly invest in, trade, and own GPUs as assets. By purchasing GPU NFTs, users can earn rewards and yields generated by the underlying GPUs that support Web2 and Web3 AI demands.The H200 Tensor Core GPU is the latest high-performance graphics processing unit (GPU) designed to accelerate AI and machine learning workloads. The H200 is built on the Hopper architecture and offers improvements in memory capacity, bandwidth, and computational efficiency compared to its predecessor, the H100. Additionally, this collaboration will make GPU resources more accessible and cost-effective on a global scale.

ChainCatcher news, according to Bloomberg, as concerns grow that the Bank of England's digital currency (CBDC) Britcoin will replace cash, Bank of England (BOE) Governor Andrew Bailey stated, "The evidence shows that people do indeed want cash, so we will continue to provide it."Bailey's remarks reiterated what senior Bank of England official Sarah Breeden said last year during a Treasury Committee inquiry. She stated:"We will ensure that cash is available as long as there is demand. We will ensure that the cash infrastructure in the financial system exists as long as there is demand—cash and digital currency are both options." Since the idea of CBDC was first proposed a few years ago, lawmakers and citizens have been divided over its pros and cons. Supporters of Britcoin argue that it has the potential to reduce costs and risks. However, opponents worry that it could empower the government to monitor people's spending and replace cash.The Bank of England began designing a digital version of the pound in January this year. However, the Bank of England has not yet decided whether to actually launch it. Bailey stated that he supports the issuance of wholesale CBDC but is cautious about issuing retail CBDC. He added that in terms of retail CBDC, "it's hard to see central bank money playing a anchoring role." However, wholesale CBDC could play a "special role" in "wholesale high-value payments and settlement of payment systems for central bank money."Bailey further added that the Bank of England is establishing retail CBDC for innovation purposes. He believes that CBDC innovation should be open to the private sector, which will ensure that commercial banks modernize their digital payment systems. He also pointed out that banks lack the incentive to improve efficiency in certain areas, such as cross-border payments, which "stifles innovation." Therefore, in the "cross-border payments space, modernization progress remains slow," Bailey stated, and better digital systems are needed, "there is no sufficient reason for arbitrary decision-making on this issue."

ChainCatcher news, the Public Security Bureau of Wenxian County, Luliang City, Shanxi Province successfully cracked a new type of fraud case involving virtual currency. According to the Ping An Luliang public account, this "investment and financial management + on-site cash exchange for U" scam involves an amount as high as 200,000 yuan.In the case, the suspects established a trust relationship with the victims through the "pig butchering" technique, and then arranged for "runners" to come to the victims' locations under the pretext of helping to find USDT exchange merchants for "on-site exchange." After obtaining the cash, the suspects immediately went offline. The anti-fraud center of the Wenxian County Public Security Bureau quickly launched an investigation after receiving the report. By analyzing the funds involved and collecting evidence, the police identified the suspect Chen from Jiaozuo City, Henan Province. On October 22, the investigating officers successfully arrested Chen in Jiaozuo City.Upon investigation, it was found that Chen drove from Jiaozuo, Henan to Wenxian County, met with the victim Chang, and successfully obtained 200,000 yuan in cash, which was then handed over to his superior. Currently, Chen has been subjected to criminal coercive measures in accordance with the law, and the case is under further investigation.

ChainCatcher news, according to on-chain detective ZachXBT, Chinese OTC trader Yicong Wang has helped the Lazarus Group convert tens of millions of stolen cryptocurrencies into cash via bank transfers since 2022.A few months ago, a follower contacted ZachXBT after their trading account was frozen following a P2P transaction with OTC trader Yicong Wang (using aliases such as Seawang, Greatdtrader, and BestRhea977). He then shared one of Yicong Wang's Tron wallet addresses from a WeChat conversation screenshot.When reviewing blockchain data related to Yicong Wang, a high risk of illicit funds was noted from Alex Labs, co-founder of Irys. Alex Labs was hacked by the Lazarus Group in May 2024, resulting in a loss of approximately $4.5 million. An Ethereum address, 948K, which was blacklisted by Tether in August 2024, is also directly related to Yicong. It is evident from on-chain data that he has continued to actively assist the Lazarus Group in recent weeks.

ChainCatcher news, according to Cyvers Alerts monitoring, the hacker who attacked Indexed Finance in October 2021 has transferred over 4.5 million dollars in funds through Tornado Cash since yesterday. The attacker currently holds over 5 million dollars in digital assets across different addresses.

ChainCatcher news, according to PeckShieldAlert monitoring, Kyber Network attackers transferred another 1,600 ETH (worth approximately $4.78 million) through Tornado Cash.

ChainCatcher news, according to PeckShieldAlert monitoring, the attacker of Kyber Network has transferred 600 ETH, worth approximately 1.65 million dollars, through Tornado Cash in the past two days.

ChainCatcher news, according to PeckShield monitoring, the Bunny Finance attacker has transferred 1,500 ETH to Tornado Cash in the past two days, worth approximately 4 million dollars.

ChainCatcher message, according to Cyvers Alerts monitoring, the hacking money laundering strategy of the cryptocurrency exchange BingX has changed. Previously, attackers used eXch for laundering, and recently, attackers have cross-chained the stolen assets from the OP chain to the ETH chain and deposited them into Tornado Cash.

ChainCatcher news, according to CoinDesk, as of October 15, 2024, the popularity of Bitcoin Cash margin futures contracts has reached an all-time high. Glassnode data shows that the open interest for cash margin futures has hit a record high of 384,000 Bitcoin (approximately $25.5 billion), surpassing the peak of 376,000 Bitcoin in November 2022.Currently, the total open interest for Bitcoin futures is close to its historical high, at about 478,000 Bitcoin ($31.8 billion). Among them, the futures contracts on the Chicago Mercantile Exchange (CME) account for 40% of the cash margin open interest, indicating a growing participation from institutional investors. Meanwhile, the open interest for cryptocurrency margin futures has continued to decline over the past two years, dropping from 210,000 Bitcoin to 87,000 Bitcoin, currently accounting for only 18.2% of the total open interest.

ChainCatcher news, a year ago Citibank launched two pilot models of tokenized deposit solutions. The Citi Cash Token service enables businesses and institutions to transfer funds between Citibank branches worldwide around the clock. This service is now commercially available, with Mars being one of the first customers.The second solution is the Citi Token Services for Trade, which is still in the pilot phase and is conducting new pilot transactions with shipping agents CB Fenton and GAC Panama Shipping.

According to ChainCatcher news from the Yixiang Min'an public account, the Xiamen police Xiang'an branch, in conjunction with relevant police units, dismantled an underground money laundering gang that used Sifang payment for cash withdrawal. This gang operated in multiple locations across the country, advertising through chat software to find groups in need of "money laundering." They provided illegal fund payment and settlement services to overseas criminal groups through methods such as cashing out virtual currencies and matched betting, involving a huge amount of money.Currently, 9 criminal suspects have been subjected to criminal coercive measures for suspected illegal business operations and assisting information network criminal activities, and the case is under further investigation.

ChainCatcher news, according to Hong Kong media Ming Pao, blockchain data company Kaiko's senior research analyst Dessislava Aubert pointed out that since the end of September, the world's largest stablecoin USDT, which is pegged to the US dollar, has occasionally fallen below the fundamental exchange rate of 1 dollar. Hashkey CEO Ong Hsiu Chi stated that if traders are eager to convert their funds back to fiat currency, it can be inferred that they are rushing to buy Chinese stocks.In addition to retail investors, some institutional investors are also increasing their holdings in Chinese stocks. Crypto hedge fund MNNC Group indicated that some of its institutional investor clients have also shifted their fund allocations to Chinese stocks. On the Binance platform, each USDT can be exchanged for 6.78 to 6.98 yuan, while in the traditional currency market, the offshore yuan to US dollar exchange rate is around 7.09. Due to the discount of USDT relative to the US dollar, investors may choose to buy USDT with US dollars, then exchange it for yuan for arbitrage, investing in the Chinese stock market for higher returns.Goldman Sachs upgraded its investment rating for the Chinese stock market to "overweight" over the weekend, expecting an upside potential of 15% to 18% for Chinese stocks.