ChainCatcher news, according to Cointelegraph, the Financial Intelligence Unit (FIU) of Nepal has found that despite the official ban on trading digital assets, cryptocurrencies are still widely used to facilitate online fraud.The Financial Intelligence Unit is a specialized department of Nepal Rastra Bank, the central bank of Nepal, responsible for monitoring and combating financial fraud, including money laundering and terrorist financing.In the "Strategic Analysis Report" released on November 18, the Financial Intelligence Unit noted an increase in the use of cryptocurrencies for money laundering by criminals. The report stated that fraudsters convert illegal funds into cryptocurrencies, which poses challenges for authorities in tracking and recovering the funds.

ChainCatcher news, according to official information from Megabit, criminals have created counterfeit copy trading websites under the names "Megabit," "MG," and "兆比特." They are committing fraud through phishing messages, impersonating customer service to privately form groups, and inducing users to follow trades, which seriously threatens the financial safety of users and investors.Users and investors should remain vigilant, verify the authenticity of information, avoid clicking on links or investing casually, and can verify the authenticity of information through official channels to avoid falling into fraud traps. Megabit will take measures to cooperate with relevant departments to combat fraudulent activities and protect the legitimate rights and interests of users and market order.

ChainCatcher news, a report from the United Nations shows that Telegram has become a haven for criminal networks in Southeast Asia, helping them to launder money using cryptocurrency, trade hacked data, and acquire fraud tools.The United Nations states that end-to-end encrypted applications have fundamentally changed the way organized crime operates. Criminal enterprises in Southeast Asia generate annual revenues between $27.4 billion and $36.5 billion.It has been reported that unlicensed cryptocurrency exchanges are also advertising money laundering services on the app. An advertisement identified by the United Nations claims, "We transfer 3 million USDT stolen from overseas every day."Criminal networks use Telegram to trade stolen sensitive information, from credit details to passwords, and purchase malware designed to steal funds. At least 10 deepfake software providers have also been found promoting their services to criminals.

ChainCatcher news, Trump posted on the X platform stating that he is closely monitoring the sanctity of the 2024 presidential election with many lawyers and legal scholars. "The Democrats' rampant cheating and conspiracy in the 2020 presidential election. Therefore, the 2024 election, which has just begun voting, will be subjected to the strictest professional scrutiny, and when I win, those who cheated will face comprehensive legal prosecution, including long prison sentences, so that this judicial decay does not happen again."

ChainCatcher message, BitForex posted on platform X that it has recently noticed an increasing number of fraudsters claiming they can help users withdraw assets from BitForex, reminding users not to trust them. The only way to withdraw assets is through the BitForex official website (when it reopens).

ChainCatcher message, Bitrace reminds users on social platforms to be cautious of phishing contracts related to Blast, with fraudsters impersonating Paradigm co-founder Matt Huang promoting the phishing link blast.invie[.]io, which has currently resulted in over $130,000 in financial losses.

ChainCatcher News, the U.S. Commodity Futures Trading Commission (CFTC) has issued an order while filing and settling charges against Jacob Orvidas. The order finds that Orvidas fraudulently solicited at least four individuals (pool participants) to engage in leveraged Bitcoin trading in a commodity pool, nearly losing all trading funds, and then falsely claimed to the pool participants about the losses and the availability of funds.The order also finds that Orvidas was not registered as a commodity pool operator. The order requires Orvidas to pay over $2 million in restitution and a $500,000 civil penalty, and to cease and desist from further violations of the Commodity Exchange Act. Additionally, the order imposes a 10-year registration and trading ban on Orvidas.Previously, from October 2017 to July 2020, Orvidas solicited at least 4 participants to trade leveraged Bitcoin in his commodity pool, promising them excessive profits and fund protection. The participants contributed over $2 million to the pool, after which Orvidas lost nearly all of the trading funds. To cover up the losses, Orvidas provided the pool participants with fictitious spreadsheets, claiming to reflect trading profits and high account balances, and falsely stated that he could not pay these profits and return the principal. Ultimately, the participants lost over $2 million.

ChainCatcher news, Blur's official tweet states that there will be two important changes this week: 1. Bidders must cancel their bids before accepting a lower bid. This will take effect starting tomorrow. 2. The first phase of the filter against bidding fraudsters will be launched later this week.Currently, when accepting bids, the seller's own bid is skipped. This prevents self-trading, but it makes it difficult for other traders to determine what the "true" highest bid is. Bid acceptance will no longer skip the seller's own bid. Sellers must cancel their bids in order to sell at a lower bid. (Source link)