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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.

China is Binance’s biggest market despite crypto ban: WSJ

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.

Ethereum has numerous links to China, including a director who built Chinese-language apps and a translation of its whitepaper into Mandarin.