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Shanghai Court Jails Five for $29 Million Crypto Forex Fraud
A Shanghai court has sentenced five people to prison for running a $29 million illegal overseas money-transfer scheme using cryptocurrency. Chinese authorities uncovered the operation in July 2024 after detecting unusual transactions linked to a company facilitating illicit cross-border transfers via crypto. The verdict reflects China's continued crackdown on unauthorised cryptocurrency transactions.
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China's top prosecutors propose treating crypto mixers as money laundering evidence
Bitcoin Magazine · 14d ago
'47 Ronin' director gets 30 months for gambling Netflix funds on Dogecoin
Cointelegraph · 27d ago
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