$600B gone in 30 minutes — inside crypto’s fastest-ever flash crash
Donald Trump threatened to renew a tariff war with China on Friday, and the news briefly spooked $600M out of crypto valuations.
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Donald Trump threatened to renew a tariff war with China on Friday, and the news briefly spooked $600M out of crypto valuations.
Read more (3 min) →Chinese spies used Binance to pay far-right politician Frank Creyelman for influencing decisions made by the European Parliament.
The 'Long River' syndicate is said to have used an Australia-wide remittance company in its AU$228 million cash and crypto laundering scheme.
While Justin Sun quickly took to X to discuss the $8 million HTX hack, news of the loss was left to trickle into China through foreign media.
China's contributions to crypto remain enough to move markets, despite consistent crackdowns and assurances from firms.
In May, Chinese Binance users traded $90 billion of assets, accounting for 20% of the exchange's total crypto volume.
Years before this latest Multichain arrest, Bitfinex shareholder Zhao Dong was jailed for money laundering and operating without a license.
Ethereum has numerous links to China, including a director who built Chinese-language apps and a translation of its whitepaper into Mandarin.
Only OSL Exchange and HashKey Pro have been registered by Hong Kong's Securities and Futures Commission but Huobi and OKX have also applied.
Sam Bankman-Fried, formerly of FTX and Alameda Research, has been indicted for directing at least $40 million in bribes to Chinese officials.