Hong Kong police are investigating the JPEX virtual asset trading platform scam. Since September 2023, they have arrested 80 people, frozen assets worth approximately HKD 228 million, and over 2,700 victims are involved with a total amount of HKD 1.6 billion. Authorities are searching for the mastermind and accomplices.

A Russian businessman was sentenced to six years for cryptocurrency investment fraud involving over $3 million, with victims including renowned actors and boxers. The fraud scheme employed a classic Ponzi structure, and prosecutors vow to intensify crackdowns on such crimes. Market participants are urged to remain vigilant against promises of high returns and scrutinize fund flows.

Taiwan prosecutors indicted cryptocurrency exchange "BiJing" and 10 other individuals, including its operators, for allegedly collaborating with fraud rings to commit fraud and money laundering involving 46 victims and over 150 million yuan in fraudulent amounts. The Zhang siblings may face up to 12 years imprisonment.

The Federal Court of Brazil sentenced 14 individuals to prison for using Bitcoin to launder over $95 million from drug trafficking and kidnapping profits. The mastermind was sentenced to 21 years, while others received sentences ranging from 10 to 17 years. The criminal organization has been operating since 2019, concealing the flow of funds through false identities and shell companies.

Odaily星球日报讯 此前携市值近 500 亿元的比特币出逃英国，并在英国“最大规模比特币洗钱案”中当庭认罪的女商人钱志敏，将在当地时间周二（11 日）被宣布判刑结果，她最高将面临 14 年监禁。钱志敏的辩护律师理查德·托马斯表示，他的当事人此前并无犯罪记录，且在被羁押期间表现良好。理查德在量刑听证会上表示，钱志敏在狱中努力学习英语，“甚至还写了诗歌作品”。（红星新闻）