Trump advisor Epshteyn and others sued by investors for promoting the Meme coin "Let's Go Brandon"

Two Taiwanese individuals were arrested for betting on Polymarket! Prosecutors cracked the first case involving a virtual currency in a nine-in-one election prediction market.

Yunlin District Prosecutors Office cracked the nation’s first case involving a virtual currency nine-in-one election betting platform, and two bettors are being investigated for violating the “Election and Recall Act” and gambling-related offenses. As early as February, authorities had warned about the illegality of this type of betting activity. The case shows that on-chain transactions are not anonymous and can be traced, which affects the fairness of the election.

Prince Group's Li Xiong is arrested; Huiawon exposes $24 billion in crypto money laundering

Prince Group’s core member Li Xiong was escorted back to China by the Ministry of Public Security of China on April 1, after being arrested in Cambodia. He is suspected of multiple offenses including fraud and money laundering. He is the chairman of Huowang Group, which is under the Prince Group umbrella. The amount involved in the group’s cryptocurrency business reaches $24 billion, and the money-laundering amount is at least $4 billion. This operation was carried out with cooperation from Cambodia, and it has raised issues related to international judicial cooperation.

Huione was forcibly transferred to China amid a crypto money-laundering crackdown

Huione Group faces increased legal pressure following the extradition of a suspected money laundering kingpin to China. This may tighten financial flows from crypto scam centers in Cambodia, disrupting operations and raising legal risks for intermediaries involved in illicit activities.

Virtual Currency Investment Contract Invalid! Ningxia Court in China Mediates Virtual Currency Investment Dispute

Ningxia Xingqing Court concluded a virtual currency investment dispute. The plaintiff, Mr. Wei, almost lost the case due to an improper choice of cause of action. The case highlights the risks to the enforceability of virtual currency contracts; in particular, contracts signed after 2017 are often held to be invalid. The judge reminded investors to be alert to the risks related to contract enforceability, the choice of cause of action, and the burden of proof, so as to avoid losses of time and costs.

Huione crypto scam chairman extradited to China to face charges

Li Xiong, a central figure in a major crypto scam syndicate, has been extradited to China from Cambodia to face charges of fraud and money laundering after his arrest. His group's activities resulted in significant losses globally, prompting law enforcement actions.

Yinchuan court mediates a virtual currency entrusted investment dispute, with the defendant ordered to return the investment principal

The Yinchuan City Xingqing District People's Court concluded a virtual currency investment dispute case. The plaintiff, Mr. Wei, entrusted the defendant to invest, and later, after requesting repayment due to an urgent need for funds and failing to obtain it, brought a lawsuit for "unjust enrichment." The court held that the matter should be governed by a mandate contract relationship, and ultimately, through mediation, the plaintiff withdrew the lawsuit and Li returned the invested principal, and both parties reached a settlement.