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Hunan Public Security in China cracks down on virtual currency pig-butchering scams: 2 suspects have been criminally detained according to the law

According to a report from the Public Security Bureau of Linwu County, Hunan Province, on August 19, 2026, the Public Security Bureau of Linwu County, Chenzhou City, Hunan Province discovered fraud clues during routine inspections and successfully cracked a virtual currency investment fraud case, arresting two criminal suspects.Upon investigation, on May 1, 2026, the suspect Li met the victim, Ms. Yue, through private messages on a social platform, falsely claiming to teach virtual currency investment skills with guaranteed profits. He induced her to download a certain app to purchase Tether (USDT) and then exchange it for a newly issued virtual currency manipulated by his "superior." Li, in collusion with his "superior," created the illusion of rising prices to lure the victim into increasing her investment; once the funds were in place, they quickly crashed the market, causing the virtual currency's value to drop to zero. Ms. Yue lost approximately 30,000 yuan, while Li illegally profited tens of thousands of yuan, which was collected by his friend Lei and squandered.On August 19, the investigating police arrested Li; on September 17, Lei, who was suspected of collecting the stolen funds, was also apprehended. Both have been criminally detained according to the law. The police remind: virtual currency is not legal tender, and there are no "guaranteed profit" projects. Recommendations for high returns made through private messages online are all fraud traps. Do not easily trust investment recommendations from strangers or transfer money to unfamiliar platforms.

Aster launches VERONA perpetual contracts, introducing a trading reward program of $30,000 in ASTER and VERONA

Aster announced the launch of the VERONA ($VERONA) perpetual contract, with the trading pair VERONAUSDT. The launch time for the perpetual contract is September 21, 2026, at 12:00 UTC. To coincide with the launch, Aster is also launching the Trade Arena trading competition, which will run from September 21, 2026, at 12:00 UTC to September 26, 2026, at 14:00 UTC, with a prize pool of $30,000 in ASTER, along with additional VERONA rewards.Rewards will be distributed based on the user's trading volume as a proportion of the total trading volume of all eligible participants, with a maximum reward cap of 3% of the total prize pool for a single user, and a minimum distribution threshold of no less than 1 VERONA and 1 ASTER. The event is open to all new and existing users, excluding market makers; only trades completed through the Aster perpetual contract during the event period for VERONAUSDT will be counted, including trades via supported channels such as Binance Wallet, Trust Wallet, SafePal, etc. Abusive behaviors such as wash trading, self-trading, and splitting wallets will result in disqualification.Verona (@verona_dev) is building a decentralized fact verification engine that can transform any internet data into verifiable facts and store them on-chain for reuse, allowing verified facts to be used across applications without exposing underlying data. The official claims that its technology has been used by brands such as Uber, Amazon, Nike, and millions of users. For complete rules, please refer to the official announcement.

first_img Bitcoin VIX perpetual contracts launched on Hyperliquid, supporting direct long or short volatility

According to CoinDesk, the Bitcoin Volatility Index BVIV's perpetual contract was launched on Hyperliquid on Monday, allowing traders to bet on the magnitude of Bitcoin price fluctuations rather than the direction directly on the on-chain exchange. The BVIV index is often referred to as the "Bitcoin VIX," which tracks the expected implied volatility of the cryptocurrency over the next 30 days in real-time, similar to the Chicago Board Options Exchange VIX index that tracks the implied volatility of the S&P 500 index.The newly launched perpetual market allows traders to directly go long or short on the volatility index without needing to express their volatility views indirectly through costly options tools that require derivative expertise. The perpetual contract uses USDC as collateral and pricing asset, initially supporting up to 5x leverage. The Seda oracle infrastructure is responsible for connecting the Volmex index to the Markets exchange on-chain.Cole Kennelly, founder and CEO of Volmex Labs, stated that the launch of the BVIV index perpetual contract on Hyperliquid provides crypto traders with a convenient tool for volatility hedging and speculation. This launch is led by the on-chain perpetual contract platform Markets by Kinetiq based on Hyperliquid, in collaboration with Volmex and Perps.inc, marking the first joint deployment of the three parties and the first time the Volmex Bitcoin Volatility Index has gained access to an on-chain perpetual contract market. Hyperliquid is the world's largest decentralized perpetual contract exchange, with an average daily trading volume of several billion dollars and a fully diluted valuation of over $90 billion.

first_img French cryptocurrency practitioners' entire family was kidnapped, approximately $46,000 worth of cryptocurrency was transferred away

A family in the northern French town of Vendin-le-Vieil was invaded and taken hostage by four masked men early Sunday morning. According to BFMTV, the suspects entered the house around 4 AM, binding the couple and their two children with tape, and held them for over three hours. The 40-year-old father, an IT expert in the local cryptocurrency industry, was taken to another room, beaten, and forced to give up access codes, resulting in approximately 40,000 euros (about 46,000 dollars) worth of cryptocurrency being transferred away.According to the Béthune prosecutor's office, the four suspects fled the scene by car and are still at large. The 12-year-old daughter was struck in the face with a car key during the incident, and the victims are in a state of shock; they have been sent for forensic examination and are receiving support from the victims' assistance association. The case has been filed under organized gang kidnapping and extortion and is being jointly investigated by the regional judicial police and the French Cybercrime Office.France is the country most severely affected by such "ransom attacks" globally. Records from the national prosecutor's office for organized crime show that over 70 kidnapping and illegal detention incidents related to cryptocurrency have occurred in the first eight months of 2026, with 88 people already prosecuted in earlier crackdowns this year. Previous similar cases often targeted wealthy individuals, including the father of a cryptocurrency millionaire, the wife of a co-founder of The Sandbox, and the CEO of Binance France, while the victim in this case is merely an ordinary IT professional. Chainalysis reported that global ransom attacks in 2026 resulted in approximately 30 million dollars in losses, while CertiK stated that losses over six months reached 124 million dollars, a 12-fold increase.
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