Day: 16 May 2024

Chinese Authorities Bust $1.9 Billion Illegal Crypto Banking Network, Arrest 193 Suspects

Chinese authorities have uncovered a massive illegal underground banking network valued at $1.9 billion allegedly using cryptocurrencies in its operations to evade scrutiny after a two-year investigation, according to local reports.  Authorities have arrested 193 suspects nationwide in connection with this case and frozen assets worth 149 million yuan (about ...

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