Chinese Police’s Crackdown on Illegal Business of Bank Cards May Conspire Against Crypto OTC Trading

Oct 13, 2020

On October 10, the Ministry of Public Security of the People's Republic of China held a conference on cracking down on new types of illegal crimes in telecommunication networks. Du Hangwei, Vice Minister of public security said bank cards is an important source of the continuous high inc...

Chinese Police Investigates A USDT OTC Merchant Who Received Black Money from Scam

Sep 29, 2020

Recently, a USDT OTC merchant from OKEx was investigated by Chinese police as he received black money from a scam. The police found that about 500000 Chinese yuan from a scam flowed into OKEx, then the money was transferred into cryptocurrency through an OTC merchant, which le...

Police Raided Korean Crypto Exchange Bithumb, Says Report

Sep 3, 2020

South Korea’s largest crypto exchange has reportedly been accused of fraud for pre-selling its BXA tokens and never listing them. The Seoul Metropolitan Police Agency's Crime Investigation Unit has seized and searched the largest South Korean cryptocurrency exchange Bithumb in a fr...

Report: Institutions Contribute Over 50% Trading Volume to Huobi

Jul 20, 2020

Huobi, one of the major crypto exchanges in China disclosed the latest business data in a report jointly revealed by investment institutions IOSG and Huobi. The report revealed that Huobi currently has more than 15 million users (over 80% are from foreign countries), and the latest DAU...

Report: 147,000 BTC from High-Risk Addresses Flew into Cryptocurrency Exchanges in H1 2020

Jul 14, 2020

Cryptocurrency exchanges have seen 147,000 BTC from high-risk addresses flow into their platforms in the past six months, according to a study released by Chinese crypto analytics firm PeckShield. As per the PeckShield research focusing on Anti-Money Laundering (AML), as of June...

Bitisis, An Iran-based Crypto Exchange Went Bust

Jun 15, 2020

Bitisis, an Iran-based crypto exchange widely reported by the Chinese media, has gone bust. Several sources indicate that the actual controller behind it comes from China. The scammers controlled several overseas exchanges that claim to be able to carry arbitrage to attract individual investor...

A Blackmail? A Third Abnormal Ethereum Transaction Took Place with 2,310 ETH Fee

Jun 12, 2020

In the past two days, two unusual ETH transactions have grabbed the crypto community’s attention. A mysterious Ethereum user on June 10 paid a hefty 10,668 ETH (over $2.6 million) in transaction fees with the transfer value at only 0.55 ETH. In less than 24 hours, another transa...

Binance Questioned Over Being Still Accessible for Chinese despite Crypto Trading Bans

Jun 10, 2020

Cryptocurrency exchange Binance is still accessible for Chinese residents, despite having left the country amid a government ban on crypto trading in 2017, state-run media outlet China National Radio (CNR) reported. It caught the media’s attention when the exchange’s founder and CEO...

Thousands of Bank Accounts of Crypto OTC Traders in China’s Guangdong Are Frozen by Local Police

Jun 8, 2020

About four thousand bank accounts involved in money laundry of crypto OTC traders have been frozen by local police from Jun. 4 in China's Guangdong province. The reason for card frozen is that the telecom fraud is being severely investigated by Chinese police recently as OTC trading o...

China’s Hainan Encourages Leading Enterprises to Construct Digital Assets Trading Platform

May 27, 2020

Recently, the island province Hainan in South China released a series of policies to accelerate the blockchain industry growth, among which the leading enterprises are encouraged to construct digital assets trading platforms. Set up the blockchain joint innovation platform Set up the "H...