ChainCatcher news, according to Phoenix News, the Hong Kong police recently dismantled a scam group that used deepfake technology to lure others into investing in virtual currencies through social media platforms, involving approximately 34 million HKD.The Hong Kong Police Commercial Crime Bureau arrested 31 individuals, aged between 20 and 34, some of whom claimed to be students and unemployed, based on intelligence last week in two industrial buildings in Kowloon Bay, related to the same scam group, and seized their pre-written "scripts." The group would recruit young people looking to "make quick money," training them to create accounts on dating platforms with fake identities, pretending to have good looks and a luxurious lifestyle, and getting to know individuals from overseas, including Taiwan and East Asia, chatting according to the "script." After understanding the other party's background, they would cater to their interests and develop into online lovers, even using deepfake technology for video calls, subsequently luring the other party to invest in virtual currencies, claiming substantial returns, and asking them to deposit into fake platforms. Once the group received the virtual currency, they would immediately transfer it away and cut off contact with the victims.Hong Kong Police Commercial Crime Bureau Acting Chief Superintendent Kong Hing-fun stated: "They rented two scam centers located next to each other in Kowloon Bay to disperse risks and increase confidentiality. Most importantly, we noticed that these two scam centers operated in two shifts, aiming to continuously attract more victims day and night. Never think that participating in some tasks of a criminal group is just a minor issue; even if you are only assigned to meet victims online without direct contact with virtual currency investment work, it is still illegal."The police stated that this scam group has been operating for at least a year, with criminal profits exceeding 34 million HKD. The mastermind of the scam group, the center's head, and key members, a total of five individuals, have been charged with conspiracy to commit fraud and money laundering, and were brought to the Eastern Magistrates' Court on Monday.

ChainCatcher news, according to monitoring by The Data Nerd, two smart money addresses have achieved high returns by investing in RAI, among which:The address starting with 0xfAd spent $66,000 to buy 192,000 RAI, which has now appreciated to $1.92 million, yielding a return on investment of 28 times;The address starting with 0xeaa spent $8,300 to buy 84,600 RAI, which has now appreciated to $839,000, yielding a return on investment of 99 times.

ChainCatcher news, according to the announcement from WEEX exchange, the platform will launch the 50th WE-Launch project GHA Holding (GHAHG) on January 3 at 15:00 UTC+8. Users who invest WXT before January 8 at 15:00 UTC+8 can share 50,000 GHAHG tokens based on their effective investment proportion.In addition, the 48th and 49th WE-Launch projects on WEEX are currently ongoing, with airdrops of 490,000 Goku Super Saiyan (GOKU) and 333,333 Hund (HUND) respectively. Users can participate in both to gain greater rewards.It is reported that GHAHG is a utility token that combines the innovative forces of real estate, blockchain, and Altcoin.

ChainCatcher message, South Korean trader Definalist posted on social media, "We have discovered the dirty behavior of insiders suspected of investing in Vana (the wallet that made me buy VANA NFT early).Everyone who may suffer significant losses from the NFT in today's listing announcement on Upbit will be looking forward to our post. Stay tuned."

ChainCatcher news, Binance CEO Richard Teng posted on the X platform that, with the growing market interest and FOMO, many friends are asking if now is the best time to invest in cryptocurrencies. It is important to remind: DYOR (Do Your Own Research) and make sure to understand the field before participating.In the long run------the markets are still in the early stages.

ChainCatcher news, according to BusinessWire, a group of investors has recently filed a class action lawsuit against the founder of the Texas-based Bitcoin mining company Rhodium Enterprises, accusing him of fraud.The lawsuit was filed by attorneys from Iacuone McAllister Potter, claiming that the defendants (including Rhodium executives and Imperium Investments Holdings, LLC based in Fort Worth) deliberately misled the plaintiffs by concealing key information and engaging in proprietary trading, resulting in a total investment of $33 million. The case has been filed in the Tarrant County District Court. The lawsuit states, "The defendants intentionally misled and deceived the plaintiffs to secure their millions of dollars in investments so that the defendants could enrich themselves and make Imperium wealthy."The plaintiffs include a dozen investors in Rhodium, who claim that important facts regarding their investments and Rhodium's business operations were deliberately concealed. Most notably, the lawsuit alleges that the defendants failed to disclose a pending transaction to sell Rhodium's operational facilities to direct competitor Riot Blockchain, a deal that directly triggered conflicts with key power contracts.

ChainCatcher news, Eric Trump, the second son of Trump, answered questions during an interview at the Bitcoin Middle East and North Africa Conference in Abu Dhabi, "Why is Bitcoin a better investment than real estate?""The Trump family made its fortune in real estate, which is a business we love, and we know more about real estate than anyone else. But if you want to talk about the advantages of Bitcoin over real estate, I think the biggest advantage is that it can be liquidated immediately, and that's the advantage of cryptocurrency. If I want to build a hotel, it might take five years, and if I want to sell the hotel, it might take two years. Real estate lacks liquidity. If London happens to be a better market, it would be very difficult to move Trump Tower to London. Investing in Bitcoin means no bankers, no lawyers, no title companies, no middlemen, no risk of fire, no risk of floods, tornadoes, or hurricanes; that's a wonderful thing.""I believe investing in cryptocurrency is investing in the future, and I firmly believe that those who embrace it early will succeed, while those who are unwilling will fall behind."

ChainCatcher news, according to a post by SolanaFloor on the X platform, the Canadian holding company Sol Strategies, which focuses on investing in the Solana ecosystem, has applied to be listed on NASDAQ.It is reported that Sol Strategies currently holds $30 million worth of SOL.

ChainCatcher news, according to CoinDesk, Worksport is a small company listed on NASDAQ that is investing a portion of its cash reserves in Bitcoin and XRP. The company announced that it will allocate 10% of its cash reserves (up to $5 million) to cryptocurrencies, but this percentage may change in the future.Worksport CEO Steven Rossi stated in an interview that he has personally invested in XRP for some time and firmly believes in decentralization.

ChainCatcher message, Ethereum Foundation researcher Justin Drake tweeted that the Ethereum Foundation is investing tens of millions of dollars in zkVM, including zkRISC-V formal verification, Poseidon cryptanalysis, and L2beat for zkVMs.

ChainCatcher news, according to DL News, the U.S. Securities and Exchange Commission (SEC) has charged Texas fund manager Khalid Parekh with illegally investing $18.5 million of client funds in cryptocurrency without client consent.According to the SEC, from August 2021 to August 2022, Parekh raised $18.5 million from 373 investors across 40 states through his sole proprietorship Fair Invest. He primarily attracted investors from the American Muslim community through radio shows, podcasts, and media interviews, claiming that his fund complied with Islamic law.Parekh promised investors an annual return of 4%, claiming that these returns came from traditional assets such as stocks, mutual funds, commodities, and ETFs. However, the SEC's charges indicate that he actually invested client funds in two cryptocurrency lending platforms without informing investors.During the SEC investigation, Parekh returned client funds along with the promised 4% returns. Additionally, he agreed to pay a $100,000 fine and revoked his SEC registration as an investment advisor.

ChainCatcher message, the Chief Investment Officer of Goldman Sachs Private Wealth stated: "We do not recommend investing in cryptocurrencies as an asset class."

ChainCatcher message, Meme Godfather Murad posted on the X platform, stating that investing in Meme coins is essentially investing in the community. The key is to find a community with the following characteristics:People who work hard every day;More than 6 months old;Has withstood multiple significant drops;Number of holders increasing every month;Target amount exceeding $20 billion;Large distribution + diamond hands

ChainCatcher news, South Korean financial regulators have banned the issuance of cryptocurrency ETFs for spot and futures products, while also rejecting funds that invest in crypto companies, including exchanges.A head of an asset management company stated that they have been preparing to launch a fund investing in virtual asset companies since the end of last year, but have yet to receive approval from local regulators.Meanwhile, an official from the FSS acknowledged the growing demand for Bitcoin investment but stated that regulatory measures would not be relaxed unless there is a change in the government's current policies.

According to ChainCatcher news, as reported by the Guangming Daily, the Ministry of State Security announced a case on November 8: Wang XX, a former public official at a sensitive unit, was considered a good young man by his unit and family. However, due to losses in virtual currency investments, he incurred huge debts and was lured and incited by foreign espionage intelligence agencies, gradually leading him down the path of crime.Through investigations by the national security agency, it was discovered that Wang XX provided top-secret and confidential national secrets to the other party, obtaining espionage funds equivalent to over 1 million yuan through methods such as virtual currency recharge and trading. Ultimately, Wang XX was sentenced to life imprisonment for espionage by the people's court, with lifelong deprivation of political rights.The unit where Wang XX worked did not strictly implement confidentiality management systems and protective measures, providing an opportunity for Wang XX to steal and supply secrets to foreign espionage intelligence agencies. The national security agency, in conjunction with relevant departments, will carry out joint law enforcement work on Wang XX's unit and order it to rectify within a specified time.

ChainCatcher news, SushiSwap announced the launch of the Memecoin launch platform Vesting Launch, which features a linear vesting function. Tokens will be gradually released to buyers who purchase within 24 hours after the token creation. This ensures that buyers have the exact same experience as early purchasers, preventing snipers and pump-and-dumpers from ruining promising tokens in the initial hours after creation. After 24 hours of the token going live, trading will be completely normal with no restrictions. When purchasing tokens, the tokens bought by users will be released linearly within the first 24 hours after the launch. If a user buys 100 tokens 12 hours after the launch, the balance will show 50 tokens, and the dashboard will display the full balance after vesting.SushiSwap stated: "The introduction of linear vesting is just the beginning of our goal to make memecoin trading more fun and sustainable. Countless promising tokens are sniped and dumped within minutes of their release, ruining their chances of gaining an audience. We are addressing this issue."Additionally, SushiSwap released a disclaimer: Trading on the launchpad carries certain risks, including the possibility of losing funds. Always conduct your own research and understand the market before trading. Sushi does not provide any financial or legal advice and does not endorse any specific tokens, so please trade cautiously.

ChainCatcher news, Zhao Changpeng stated during an interview at the main venue of the Dubai Binance Blockchain Week that Binance has been doing well during his absence, and even if he is allowed to return, he may not actually go back. He is now focused on educating and investing in cryptocurrencies, AI, and biotechnology.He mentioned that while he was in prison, no inmates "troubled him," some guards were a bit harsh, but it did not cause any issues, and he was fortunate not to suffer any physical harm. After serving his sentence, he found that other inmates had long sentences, and his "4 months" was already the shortest.