Gate News update, April 7, the Ministry of State Security recently issued a notice warning that all kinds of Token scams are springing up one after another, using “hoarding Tokens can get rich overnight” and “making profits by trading off-exchange” as gimmicks. Such conduct not only appears to involve illegal financial activities, but also may be used by overseas intelligence agencies for data theft and capital infiltration, endangering national economic security. The Ministry of State Security emphasized that Tokens are not investment products; the main risks at present include Token leakage and hijacking, forged tampering and alteration, and fraud traps. The Ministry of State Security reminds the public not to participate in illegal cryptocurrency trading. If you encounter a scam or discover illegal activity, you should promptly report it to the relevant authorities.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polish Parliament Fails to Override President's Veto on Crypto Law; PM Alleges Russian Interference
Polish lawmakers failed to override President Nawrocki's veto on a cryptocurrency regulation bill aimed at aligning with EU standards. Tensions rise as accusations emerge of Russian influence in a major crypto exchange amid liquidity issues and lack of regulation.
GateNews1h ago
White House Mediates Clarity Act Stablecoin Dispute, Witt Reveals Legislative Timeline
Patrick Witt announced at the Solana Policy Institute summit that the White House mediated a stablecoin dispute to advance the Clarity Act. The compromise allows banks and crypto firms to together address regulatory concerns, with future focus on crypto taxation and blockchain integration strategies among financial institutions.
GateNews7h ago
Hong Kong SFC Investment Committee Warns Prediction Market Trading May Constitute Illegal Gambling
The Hong Kong SFC warns that prediction markets are speculative and not investment products, lacking regulatory protection. They involve gambling elements, potentially making them illegal. The committee urges the public to differentiate between investment and gambling.
GateNews9h ago
Economist Proposes National USD Stablecoin to Eliminate Currency Controls in Venezuela
Alejandro Grisanti, head of Ecoanalitica, proposed issuing a national USD stablecoin as part of a series of measures to lift currency controls in Venezuela. This system would complement the current auction system, allowing the excluded sector to receive dollars via blockchain rails.
Key
Coinpedia12h ago
Elizabeth Warren Accuses SEC Chair Paul Atkins of Misleading Congress Over Enforcement Decline
Senator Elizabeth Warren accused SEC Chair Paul Atkins of misleading Congress about enforcement actions' decline. With only 456 new cases in 2025, concerns arise regarding the SEC's effectiveness and the regulatory landscape for cryptocurrency and market oversight.
GateNews12h ago
CLARITY Act Delay Continues as Senator Thom Tillis Signals Ongoing Talks
Lawmakers are delaying the CLARITY Act due to ongoing negotiations on stablecoin provisions, with timing uncertain and potential markup pushed to late April or early May. Kevin Warsh’s financial disclosures add complexity to regulatory discussions.
CryptoFrontNews15h ago
