PANews February 24 Report: According to Sing Tao Daily, an investment company in Hong Kong that provides cryptocurrency settlement services has about 20 clients reporting the loss of 2.67 million USDT, totaling approximately HKD 20.87 million. After police investigation, a 34-year-old network engineer named Cai was arrested yesterday. He is suspected of using his position to access the company’s database without authorization, to check client account information and is suspected of stealing crypto assets. The case is now handled by the Ninth Unit of the Criminal Investigation Team of Yau Tsim Police District in Hong Kong, and several officers have visited the company to collect evidence.
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
Yinchuan court mediates a virtual currency entrusted investment dispute, warning that contracts after 2017 may be deemed invalid
The Yinchuan City Xingqing District People’s Court concluded a civil and commercial dispute involving entrusted investment in virtual currency. The plaintiff sought repayment of the investment funds but did not obtain it, and therefore filed a lawsuit based on unjust enrichment. The court determined that the relationship was one of an entrusted contract, facilitated a mediation, and reminded investors to be mindful of legal risks.
GateNews53m ago
FBI Makes a Major Move, Charges 10 Foreign Crypto Trading Manipulators
A federal grand jury indicted 10 executives and employees, accusing them of scheming a “pump-and-dump” scam involving false transactions with cross-border ties. The investigation was conducted jointly by the FBI and IRS-CI, uncovering market manipulation. If convicted, they face up to 20 years in prison and substantial fines. This case highlights the intensity of regulatory crackdowns on the crypto market and promotes global cooperation.
GateNews1h ago
CFTC’s top enforcer puts prediction market insider traders on notice
The US commodities regulator’s chief enforcement director sent a cautionary message to prediction market insider traders on Tuesday, vowing that violators will face enforcement action.
“We are aware of the speculation about insider trading,” CFTC enforcement director David Miller said at a panel at
Cointelegraph1h ago
CFTC issues a strong warning against insider trading in prediction markets; violators may face enforcement action
The U.S. Commodity Futures Trading Commission (CFTC) is strengthening its oversight of insider trading in prediction markets, emphasizing that event contracts are swap contracts subject to strict financial regulation. Multiple recent cases have drawn attention, and the CFTC will prioritize handling serious violations, while related legislation is also moving forward to push prediction markets toward compliance. Investors need to pay attention to legal and information compliance.
GateNews2h ago
The Ministry of Public Security repatriated Li Xiong, a core member of the Chen Zhi criminal syndicate, from Cambodia for prosecution
The Ministry of Public Security successfully transferred the core member of the criminal syndicate, Li Xiong, back from Cambodia to China on April 1. Li Xiong is suspected of multiple crimes and has already been subjected to compulsory measures. The public security authorities will continue to step up efforts to track down the remaining fugitives.
GateNews3h ago
Axios supply chain allegedly targeted by North Korean hackers, with the aim of locking onto corporate crypto assets.
Mandiant confirms a suspected North Korean hacker group is responsible for an axios supply-chain attack. The attackers pushed updates containing malicious code within three hours by compromising developer accounts. This attack affected about 135 devices, highlighting supply-chain vulnerabilities, and may lead to encrypted assets being stolen from companies. North Korea’s recent digital theft activities continue to escalate, posing a threat to international security.
MarketWhisper6h ago
