Bitcoin24h $114,825.67-0.46%

Ethereum24h $4,530.66-2.00%

XRP24h $3.03-0.34%

Solana24h $236.72-3.46%

BNB24h $921.85-1.10%

Dogecoin24h $0.2644-6.92%

TRON24h $0.3447-1.15%

Cardano24h $0.8682-2.65%

Hyperliquid24h $53.12-1.22%

Chainlink24h $23.38-3.45%

Like it or not, crypto depends on China

China’s contributions to crypto remain enough to move markets, despite consistent crackdowns and assurances from firms.

Another Chinese national arrested for $100M crypto scam in Australia

The crypto scam baited US victims into investing in manipulated crypto and forex trading sites while Chinese students legitimized the scheme.

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.

A group of Chinese suspects have confessed to operating a Tether (USDT) money laundering ring across the country, local news reports.