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 Phoenix Network, the Public Security Bureau of Neijiang City, Sichuan Province held a press conference announcing that the Neijiang police recently cracked a case of illegally obtaining computer system data, which was supervised by the Ministry of Public Security, and arrested 5 people. It is reported that the gang consists of high-end "hackers" engaged in network technology, one of whom is an employee of a large cybersecurity company. They obtained citizens' personal information by writing hacking programs to gain unauthorized access, and ultimately sold citizens' personal information on overseas websites for virtual currency, with prices reaching up to 5 yuan per piece.According to police investigations, the case involves 57 government and enterprise websites, and the gang stole 208 million pieces of citizens' personal information, including flight trajectories, diplomas, and addresses, with illegal profits exceeding 6.4 million yuan. The special investigation team seized illegal gains of over 5.6 million yuan, confiscated more than 30 sets of core code for hacking tools written by the suspects, over 10 hacking virtual machine penetration attack systems, and 270 penetration scripts. The case has now been transferred for prosecution and is currently under trial.

ChainCatcher news, according to Onchain Lens monitoring, three whales spent $6.199 million to buy approximately 2.53 million AI16Z. Among them:The address starting with 2QQ7 spent 10,040 SOL, worth $2.07 million, to purchase 860,391 AI16Z at a price of $2.41;The address starting with EQpX spent 3,720 SOL, worth $769,000 and 1.32 million USDC, to purchase 840,031 AI16Z at a price of $2.50;The address starting with HHqC spent 9,900 SOL, worth $2.04 million, to purchase 829,188 AI16Z at a price of $2.46.

ChainCatcher news, the Hong Kong-listed company Yuxing Technology announced that it has conducted a series of transactions in the open market from July 25, 2024, to December 31, 2024.Including:(i) Purchased approximately 78.2 units of Bitcoin at an average price of $80,960 per unit, with a total cost of approximately $6.3 million (excluding transaction costs)(ii) Sold approximately 6.3 million units of USDT at an average price of $1 per unit, with a total value of approximately $6.3 million (excluding transaction costs). The USDT sold under this transaction was used to convert into an equivalent amount of Bitcoin for the purchase mentioned above.

ChainCatcher news, according to Spot On Chain monitoring, 11 hours ago, Sun Yuchen deposited 29,153 ETH ($96.7 million) and 249,868 EIGEN ($884,000) into HTX.Since November 10, he has deposited 227,000 ETH ($807 million) into HTX, with an average price of about $3,556. Most of these ETH were accumulated in the first half of 2024, with an average price of about $3,036.He is also seeking to unstake 96,580 ETH ($322.7 million) from Lido and ether.fi, which may be further deposited into HTX.

According to ChainCatcher news and the official WeChat account of the Yuzhou Court, the Yuzhou People's Court publicly pronounced a verdict in a telecommunications network fraud case yesterday (December 27). The court found that the defendant, Wen, along with several accomplices, used fictitious identities to chat with foreign individuals. After gaining their trust, they induced them to purchase virtual currency to commit fraud. During this period, a total of 54,360 fraudulent messages were sent, and Wen illegally profited 2,400 yuan.After comprehensively considering the facts, nature, circumstances, and social harm of Wen's crime, the court sentenced the defendant Wen to three years of imprisonment for fraud, along with a fine of 20,000 yuan. After the verdict was announced, Wen expressed his intention to appeal in court.

ChainCatcher news, according to monitoring by Spot On Chain, Sun Yuchen transferred 70,182 ETH to HTX on Christmas Eve, with a total value of approximately $245 million. This includes 42,905 ETH unstaked from Lido Finance and 27,277 ETH transferred from Etherfi.Since November 10, Sun Yuchen has deposited a total of 179,101 ETH (approximately $645 million) to HTX, with an average price of $3,601, most transfers occurring near price peaks. Currently, Sun Yuchen still holds 106,905 stETH (approximately $372 million) and 56,277 eETH (approximately $196 million), of which 25,000 ETH (approximately $87 million) is being unstaked from Etherfi.

ChainCatcher news, according to Spot On Chain monitoring, Sun Yuchen transferred 70,182 ETH to HTX on Christmas Eve, with a total value of approximately $245 million. This includes 42,905 ETH unstaked from Lido Finance and 27,277 ETH transferred from Etherfi.Since November 10, Sun Yuchen has deposited a total of 179,101 ETH (approximately $645 million) to HTX, with an average price of $3,601, most transfers occurring near price peaks.Currently, Sun Yuchen still holds 106,905 stETH (approximately $372 million) and 56,277 eETH (approximately $196 million), of which 25,000 ETH (approximately $87 million) is being unstaked from Etherfi.

ChainCatcher news, Sun Yuchen posted on X stating: "The rumors circulating online about us liquidating ETH are false. This is just a transfer of ETH between our different wallets. We are optimistic about the Ethereum ecosystem in the long term."

ChainCatcher news, according to a report by Hong Kong media Wen Wei Po, the Hong Kong police stated that they received over 3,400 cases related to cryptocurrency last year, with losses exceeding 4.3 billion HKD. In the first 10 months of this year, there have been more than 2,100 cases, with losses exceeding 3.1 billion HKD.Among the related cases, the single highest loss amount is approximately 1.6 billion HKD. Election Committee member and Legislative Councilor Wu Jietzhuang said that in addition to strengthening regulation and public education, the public should also increase their understanding of cryptocurrency, recognize investment risks, avoid being greedy for small gains, choose licensed trading platforms when investing, and act within their means.

ChainCatcher news, TRON founder and HTX Global Advisory Committee member Justin Sun posted on social media, "The AI token issuance feature of the Tron network meme coin issuance platform SunPump is now live."

ChainCatcher news, according to Sina Finance, Ant Group's financial technology arm has collaborated with green energy service provider GCL-Poly to complete RWA (Real World Assets) based on photovoltaic physical assets, involving an amount exceeding 200 million RMB.It is reported that this is the first domestic photovoltaic physical asset RWA. A relevant person in charge of Ant Group stated that blockchain and smart contract technology can enhance the transparency of asset operation, management, disposal, and trading, improve asset trading efficiency, and reduce transaction costs.

ChainCatcher news, according to Hong Kong Wen Wei Po, mainland investors are restricted when bringing cash back to the mainland after cashing out virtual currency in Hong Kong. The customs regulations now state that each person can carry a maximum of 20,000 yuan each time. If bank transfers are involved, issues related to the source and use of funds must comply with national legal and regulatory policies. A virtual asset exchange store near Tsim Sha Tsui MTR station stated that customers need to provide identification if the amount exceeds 10,000 Hong Kong dollars, whether buying or cashing out.

ChainCatcher news, TRON founder Justin Sun posted on platform X stating, "Regarding issuing tokens, this is my personal view on the matter. Issuing tokens itself is a financial tool and innovation. Financial tools are difficult to bring business value; they are merely amplifiers.Just like an IPO cannot determine whether a company is good or not, if a company's business form and business model are incorrect, going public is unlikely to save it. However, if a business is good, the financial tools suitable for it will also have strong value.Whether issuing tokens has value is a question that still needs to be asked of the business's number one position, as they have the deepest perception. The question is quite simple: after issuing tokens, is the business easier to operate or more difficult? Does it provide a better experience for users, and does it solve the problems and bottlenecks on the business side?"

ChainCatcher message, according to Spot On Chain monitoring, in the past 7 days, Sun Yuchen's address has redeemed 39,999 ETH (140 million USD) from Lido Finance and ether.fi, and then deposited all of it into HTX.Since November 10, as the ETH price began to rise, he has deposited 108,919 ETH (400 million USD) into HTX at an average price of 3,674 USD, usually close to local peaks.Currently, he still has 42,904 ETH (139 million USD) being unstaked from Lido, which may soon be deposited into HTX.

ChainCatcher news, Yuga Labs co-founder Wylie Arnow posted on social media, "Those who mocked Fartcoin during this round of the market are now gloating over its pullback as the overall market declines, as if this proves their skepticism was correct. But for me, this reaction is precisely a signal of its dominance.In the historic market of 2021, every pullback of BAYC was accompanied by similar 'I told you so' remarks, only to spark disbelief when it surged again. Fartcoin attracts attention in both bull and bear markets, indicating that it remains the focal point of the broader narrative around financial nihilism, a narrative that (in my view) will not disappear.I sold some to recoup my investment and took profits on a portion at around $1 billion market cap in several other wallets. Other than that, I am still holding and remain one of the top ten holders. Maybe I’m wrong? I’m often wrong. But in any case, I’m having a lot of fun. Also, if my Fartcoin posts annoy you, I apologize. Trading is something I can easily handle when I'm unwell, and Fartcoin is very interesting to me right now."

ChainCatcher news, according to the Workers' Daily report, the Beijing People's Procuratorate has released the work situation of the "Procuratorial Protection for Enterprises" special action and published typical cases. In a case of embezzlement, the defendant defrauded the company of over 140 million yuan, and the procuratorial authorities tracked the virtual currency to recover losses.Between 2020 and 2021, Feng, taking advantage of his position at a certain technology company's service provider and regional operations growth department, conspired with Tang and Yang to defraud the company of service provider bonuses totaling over 140 million yuan. Subsequently, Feng directed Tang and Yang to use eight overseas virtual currency trading platforms to convert the involved funds from yuan to virtual currency, obfuscating the source and nature of the funds through overseas "mixing" platforms, and transferring them in multiple layers. Part of the involved funds flowed into accounts controlled by Feng and others in yuan form, while some were concealed by Feng and others in virtual currency form.In response to the defendants' distribution of profits using virtual currency and the obfuscation of fund flows through overseas "mixing" platforms, the procuratorial authorities conducted a line-by-line comparison and two-way review of virtual currency and legal tender, accurately identifying the flow of funds. This ultimately prompted Feng to return 92 bitcoins, recovering over 89 million yuan in illicit gains, maximizing the economic losses recovered for the victimized unit.On September 14, 2024, the Beijing First Intermediate People's Court issued a judgment, sentencing defendant Feng and seven others for embezzlement, with prison terms ranging from 14 years and 6 months to 3 years, along with corresponding fines. The judgment has taken effect.

ChainCatcher news, according to Fortune, the team of Sun Yuchen pressured its new owner Bullish to remove related articles due to dissatisfaction with the report published by CoinDesk. The article detailed Sun Yuchen's behavior of purchasing an artwork banana for $6.2 million and consuming it, while also mentioning his legal disputes with the U.S. Securities and Exchange Commission and controversies surrounding the Tron blockchain. After the article was deleted, the CoinDesk editorial team expressed concerns about independence.Bullish acquired CoinDesk for $75 million last year and promised that it would operate as an independent subsidiary. However, this incident has intensified the tension between the media and its owner. CoinDesk's editorial board chair Matt Murray has resigned, and Bullish has not commented on the incident.