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.

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 monitoring by ai_9684xtpa, the whale 0x3c9 liquidated its entire position in WBTC that was built over the past 10 months six hours ago, with a total profit of approximately 14.26 million dollars.Since October 2023, this whale has withdrawn 618 WBTC from Binance in batches, with an average price of only 39,899 dollars, and has gradually reduced its position after BTC reached an all-time high, with an average selling price of 62,921 dollars, totaling 38.89 million dollars in token sales.

ChainCatcher news, according to Cointelegraph, the Web3 gaming platform Portal has launched the PortalPay service, supporting payments in 5,000 digital assets and cashing out in-game assets, simplifying the user experience in blockchain games.PortalPay addresses the issue of ecosystem fragmentation, allowing developers to focus on game quality. Although blockchain games have not yet become mainstream, Portal enhances user retention by simplifying technical processes while tackling regulatory challenges.

ChainCatcher news, according to the Zhejiang Procuratorate public account, recently a criminal gang in Shaoxing City, Zhejiang Province illegally cashed out over 200,000 yuan within four days using digital RMB accounts. Several individuals lured merchants with digital RMB accounts through shopping and casual conversations. After the merchants agreed to cash out, they first converted a certain amount of their own money into virtual currency as a deposit to transfer to the upper-level operator, and then sent the digital RMB payment code to the upper-level operator. Once the fraudulent funds entered the merchant's digital RMB account, the merchant deducted a handling fee ranging from 1% to 1.5% and cashed out the corresponding amount. The Yuecheng District Procuratorate filed a public prosecution, and the court sentenced Yuan, Zhang, and Kou to fixed-term imprisonment ranging from one year and four months to seven months for the crime of concealing and disguising criminal proceeds, along with fines.Prosecutors remind the public to enhance their understanding of digital RMB, pay attention to protecting personal information, and report any suspicious situations promptly to safeguard their property security.

According to ChainCatcher news, as monitored by Ember, Terraform Labs has sold a total of 687,000 AVAX since May 30, cashing out $9.76 million, with an average selling price of $14.2.Currently, there are still 398,000 AVAX (approximately $5.8 million) in that address. (source link)

ChainCatcher news, SlowMist's Chief Information Security Officer 23pds posted on social media that the SlowMist team is working with the Poly Network officials to track down the attackers and has found some clues. The hacker has currently realized the cashing out of mainstream assets worth $4.39 million. (Source link)

According to ChainCatcher news, monitored by 0xScope, Voyager has sold 124.5 million VGX since February, with an average price of $0.41, totaling $51 million.In previous news, Binance US announced the termination of its acquisition of Voyager, causing the price of VGX tokens to drop by 24%. (source link)

ChainCatcher news, according to on-chain detection by Lookonchain, addresses related to Sun Yuchen (marked on-chain as JustinSun) withdrew approximately 50 million BUSD from Binance, then withdrew about 7.4 million BUSD from Aave:aBUSD Token V2, and later transferred 58,068,019 BUSD to the Paxos:Deposit address for cashing out. (Source link)