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BTC $71,377.59 +2.68%
ETH $2,114.54 +3.73%
BNB $660.96 +2.39%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $462.47 +1.65%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

anna

Guizhou Qiannan Cyber Police cracked a network pyramid scheme involving "virtual currency," arresting 15 criminal suspects

According to market news, Guizhou Qiannan Cybersecurity and Economic Investigation have collaborated to crack a "virtual currency" online pyramid scheme, successfully arresting 15 criminal suspects across multiple locations.Upon investigation, it was found that this pyramid scheme organization promoted the slogan "Everything valuable in the world can be tokenized," establishing a virtual currency platform without real-name transactions. They set up various levels, where members participated in the pyramid scheme by recharging and staking virtual currency, profiting through direct push rewards by developing downlines. It is a network pyramid scheme organization with more than three levels and thousands of participants.Criminal suspects Jia Moufu, Liu Mou, Duan Mouyao, and others set up a certain virtual currency online, using the lure of high returns from purchasing virtual currency to intentionally inflate the price of the virtual currency. They classified "identity levels" based on the amount purchased by members, with increasing returns as levels rose, encouraging "old members" to continue developing "new members" and attracting more people to participate in the pyramid scheme, achieving layered returns.The platform took advantage of most participants' lack of understanding of virtual currency, regularly conducting courses to promote phrases like "high returns, low risk," and assisted members in converting RMB into virtual currency through recharge services. Currently, all related suspects have been legally prosecuted.

Kannagi Rug Pull address received anonymous communication, requiring the thief to return the funds within 48 hours

ChainCatcher message, on-chain data shows that the DeFi project Kannagi Finance on zkSync Era received an anonymous communication about 3 hours ago. The specific content is as follows:"Hello, Kannagi project leader. Regarding your rug event, we are communicating with you on behalf of a domestic victim group of $600,000.The funds you rug pulled are the life savings of many people, destroying many families. The related domestic victims have organized a strong and united community.We have collected evidence from many KOLs and well-known platforms promoting this project, as well as relevant individuals to assist in the investigation, and have sorted out your past operations on multiple projects and the operational traces and paths of all associated wallets.We have also contacted security companies both domestically and internationally to intervene and track; we have reached out to relevant centralized exchanges, as well as the auditing company for your project and related on-chain platforms that are fully cooperating with the investigation.Currently, we have compiled all the case materials and have grasped your obvious operational trace vulnerabilities. Our community members will report to the police across the country, and this will become a collective case handled by multiple departments in various locations nationwide.We give you 48 hours to contact us to discuss the return of the illegally obtained funds, otherwise, once law enforcement takes over, there will be no turning back. If there is no response after the deadline, we will also establish a reward pool of 20% of the involved funds to reward whistleblowers who provide clues to capture you or recover all funds.Are you really sure that all the operations you have conducted over the years have no vulnerabilities?"Previously, on July 29, the DeFi project Kannagi Finance on zkSync Era experienced a rug pull, and its official Twitter account has been deactivated.
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