internet

Supreme People's Procuratorate: Currently, telecom and internet fraud crimes are rampant, and virtual currency "money laundering" has become a mainstream method

ChainCatcher news, according to Jinshi reports, Du Xueyi, director of the Economic Crime Prosecution Office of the Supreme People's Procuratorate, stated during a guest appearance on the Supreme Procuratorate's director interview event on February 13 that the current situation of telecom network fraud crimes is still severe and complex, with a high incidence.First, the cross-border and monopolistic nature of fraud groups has emerged, with criminals setting up "industrial parks" and "technology parks" abroad, managing and controlling through means such as providing guarantees and armed protection, taking a cut or charging fees to obtain illicit funds, forming large criminal organizations.Second, the methods of fraud are increasingly diverse and complex, with combinations such as "pig butchering + false investment," "gambling fraud," and "fraud and extortion," which are more deceptive and have led to serious violent crimes such as intentional injury.Third, the modules of black industry crimes are becoming more stable, with criminal tools and software being simple and easy to use, resulting in a broader population being drawn into criminal activities. Fourth, the channels for funds are intertwined and concealed, with virtual currency "money laundering" becoming a mainstream method, helping criminals to transfer fraudulent funds in "small amounts and multiple transactions," making it difficult to trace back.

Multicoin Co-founder: The Solana ecosystem is fully committed to realizing the vision of an internet capital market

ChainCatcher news, Multicoin Capital founder Kyle Samani stated in his latest Solana investment paper that Solana is the leading public chain supporting internet capital markets. Furthermore, Solana, as a technology, can outperform major traditional finance (TradFi) participants (including NYSE, NASDAQ, CME, JPM, Goldman Sachs, and Morgan Stanley in financial markets, as well as Visa and Mastercard in payments) on core performance metrics such as latency, while retaining core blockchain attributes that TradFi has never offered (atomic composability and permissionless access for users, developers, and validators). Most importantly, the Solana ecosystem is capable of achieving both a 90-99% reduction in end-user financial service fees and a higher total market capitalization than existing TradFi enterprises.Samani also mentioned that the Solana ecosystem is fully committed to realizing the vision of internet capital markets. Solana simultaneously improves execution for market makers through conditional liquidity and enhances acceptance through multiple concurrent leaders. Additionally, the Solana ecosystem is horizontally expanding its TAM (by supporting a wider range of TradFi and crypto-native assets) and vertically expanding its TAM (by capturing some MEV from the numerous financial services built on Solana).
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