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A man was sentenced to 40 months in prison in the U.S. for participating in a cryptocurrency scam, involving amounts of several million dollars

According to the official website of the U.S. Department of Justice, the United States Attorney's Office for the Eastern District of Texas announced that a Chinese national, Fei Liao, has been sentenced to federal prison for participating in the laundering of funds obtained from a cryptocurrency investment scam. He pleaded guilty to conspiracy to commit money laundering and was sentenced to 40 months in prison by U.S. District Judge J. Campbell Barker in 2026.Liao was also ordered to forfeit over $2.3 million in seized funds and to pay more than $2.8 million in restitution to victims. The case was announced by U.S. Attorney Jay R. Combs for the Eastern District of Texas and was investigated by the Tyler branch of the United States Secret Service, with federal prosecutor Robert Austin Wells handling the prosecution. Court documents show that Liao assisted in laundering funds from "Pig Butchering" and other cryptocurrency investment scams by setting up shell companies and bank accounts with others.Such scams typically contact victims through social media, dating platforms, or unsolicited phone calls, establishing a trust relationship before inducing them to invest in cryptocurrency. After victims transfer funds to accounts controlled by the scammers, the fraudulent platform displays high returns, encouraging further investment, ultimately leading to victims being unable to withdraw funds and suffering significant losses.Law enforcement agencies remind individuals that if they encounter similar scams, they can report them to the Internet Crime Complaint Center (IC3) and provide as much information as possible, including the name of the investment platform, cryptocurrency addresses, transaction hashes, bank account information, and contact details of the suspects, while also retaining communications and transfer records with the scammers.

Ark Invest invested $6.9 million to replenish its Coinbase holdings, ending the reduction operation at the beginning of the month

According to The Block, the latest disclosed documents show that Ark Invest, led by Cathie Wood, purchased 41,453 shares of Coinbase (COIN) stock on Tuesday, totaling approximately $6.9 million, reversing a trend of selling earlier this month.Specifically, three ETFs under Ark made the following purchases:ARKK bought 29,689 shares (approximately $4.9 million);ARKW bought 7,525 shares (approximately $1.2 million);ARKF bought 4,239 shares (approximately $704,000).Previously, from February 5 to 6, Ark had sold a total of 119,236 shares of Coinbase stock, valued at approximately $17.4 million, during a general pullback in crypto-related stocks. During this period, Ark reallocated some funds to the crypto trading platform Bullish and increased its position for more than ten consecutive trading days.According to the disclosures, as of February 18, Coinbase was the seventh largest holding in ARKK and ARKW, with weights of 4% and 3.7%, respectively; it was also the third largest holding in ARKF, with a weight of 5.6%.On the fundamentals, Coinbase's revenue for the fourth quarter of 2025 is projected to be $1.8 billion, a decrease of 5% quarter-over-quarter, with a net loss of $667 million, primarily due to an unrealized loss of $718 million from its crypto asset portfolio and a strategic investment loss of $395 million.In terms of stock price, Coinbase closed up 1% on Tuesday at $166.02, with a cumulative increase of 8.4% over the past five trading days, but it is still down 28% year-to-date, having retraced about 56% from its historical peak.
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