Tsim Sha Tsui Cryptocurrency Company Employee Arrested for Stealing 2.67 Million USDT

"Pig-butchering" scam leader Lawyer Chen Zhi submits a motion to the U.S. court, requesting the dismissal of the government's seizure of his Bitcoin.

Chen Zhi's lawyer filed a motion with the U.S. Federal Court in New York to dismiss the government's seizure of the Bitcoin he controls, arguing that there is a lack of evidence supporting the fraud charges and questioning the timeline of the seizure. Last year, the U.S. Department of Justice announced the forfeiture of 127,271 Bitcoins, worth approximately $15 billion. Human rights organizations warn that after the scam camp was shut down, many trafficked workers face the risk of re-sale.

The UK government releases anti-fraud strategic document, listing cryptocurrencies as a "growing risk"

Gate News Update: On March 11, the UK Home Office released the Fraud Prevention Strategy Policy Document for 2026 to 2029, listing cryptocurrency as a "growing risk." The document states that scams on social media and messaging apps are inducing victims to transfer funds through emerging payment methods such as cryptocurrencies, and authorities still have weaknesses in combating such fraud. The country's National Crime Agency launched a nationwide campaign in 2025 to help consumers identify scams, and the government is supporting law enforcement agencies (including the Serious Fraud Office) to enhance their investigation capabilities into crypto assets.

A certain CEX violates anti-money laundering regulations and faces suspension of new customer services.

The Korea Financial Intelligence Unit has imposed sanctions on a certain cryptocurrency exchange for allowing users to transfer funds to unregistered overseas platforms and failing to implement KYC procedures, potentially facing a 6-month suspension of new customer services. The exchange previously lost $40 billion worth of Bitcoin due to operational errors and is now also under investigation for advertising regulation violations.

The Supreme Court calls for "Legal Response to Cryptocurrency": Releases 3 Major Signals!

By 2026, the Supreme Court will incorporate cryptocurrencies into the judicial system, marking a shift from criminal offenses to civil and commercial regulations. Through changes in case types and judgment logic, digital assets will gain legal status, with more precise rulings and diversified remedies, better protecting the rights and interests of those harmed. This trend guides the market toward rationality and increases the cost of violations. Although the journey is long, the judicial attitude towards cryptocurrencies has been preliminarily established.

Sun Yuchen: The US SEC's case against him and the Tron and BitTorrent Foundation has officially concluded, with all charges dismissed.

Gate News Announcement, March 11, Sun Yuchen announced that the case brought by the U.S. Securities and Exchange Commission (SEC) against himself, the TRON Foundation, and the BitTorrent Foundation was officially concluded yesterday (March 10). The judge approved and signed the final judgment, dismissing all charges against the three parties, and the SEC is barred from filing another lawsuit on this matter. The case is now closed.