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The key to confiscating illegal gains from 'climbing over the wall' for cryptocurrency trading lies in the studio's business operations
Since the cryptocurrency exchanges and project parties have gone overseas, the main propaganda battlefield for cryptocurrency has shifted from domestic media to overseas social media such as Twitter and Telegram. Many cryptocurrency traders need to use 'VPNs' to climb over the wall to obtain information and participate in cryptocurrency trading. Recently, a screenshot of an administrative penalty for 'climbing over the wall' while trading cryptocurrencies has caused heated discussions. For domestic cryptocurrency users, what are the legal risks of using 'VPNs' to trade cryptocurrencies, and why would their trading profits be confiscated? Today, I will share my views.
1. Legal qualification of 'climbing over the wall' behavior
'Climbing over the wall' behavior itself is illegal
1. Legal qualification of 'climbing over the wall' behavior
'Climbing over the wall' behavior itself is illegal
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Revealing the Criminal Risks Faced by Cryptocurrency U Merchants Through Real Cases
Recently, individuals have inquired whether U merchants in the cryptocurrency circle can operate and what legal risks exist. For U merchants, they provide a channel for a large number of cryptocurrency users to exchange fiat currency for USDT. During the transaction process, they may face frozen cards or even criminal risks due to receiving funds from unclear sources. Today, through real cases, we will outline the criminal risks faced by U merchants in the cryptocurrency circle.
Introduction to the business model of U merchants' OTC
From the perspective of domestic cryptocurrency users, wanting to invest in virtual currencies requires exchanging fiat currency for stablecoins like USDT through U merchants. The exchange channels for U merchants mainly include OTC products within exchanges and off-exchange OTC.
Introduction to the business model of U merchants' OTC
From the perspective of domestic cryptocurrency users, wanting to invest in virtual currencies requires exchanging fiat currency for stablecoins like USDT through U merchants. The exchange channels for U merchants mainly include OTC products within exchanges and off-exchange OTC.
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Analysis of why OKX DEX suspended services in conjunction with the MiCA legislation
Some time ago, Bybit exchange experienced the largest cryptocurrency theft incident involving a significant amount, where North Korean hackers stole approximately $1.4 billion in cryptocurrency from Bybit's cold wallet. According to information disclosed by Bybit CEO @benbybit on X, the North Korean hacker organization exchanged most of the stolen ETH for BTC through THORChain, with about 16% of the involved funds transferred to ExCH, and another 8% exchanged through OKX Web3 proxy contracts.
Bybit hacker's theft and mixing link (source: LazarusBounty)
Subsequently, Bloomberg reported that EU cryptocurrency regulatory agencies are reviewing the issue of hackers using OKX wallet services to exchange and mix stolen coins. Today, OKX announced through an official statement that after consulting with regulatory agencies, it has proactively decided to temporarily suspend DEX aggregator services.
Bybit hacker's theft and mixing link (source: LazarusBounty)
Subsequently, Bloomberg reported that EU cryptocurrency regulatory agencies are reviewing the issue of hackers using OKX wallet services to exchange and mix stolen coins. Today, OKX announced through an official statement that after consulting with regulatory agencies, it has proactively decided to temporarily suspend DEX aggregator services.
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Old cryptocurrency people inherently think pi is cx 😂
How to determine whether the (π)Pi coin listed on a cryptocurrency exchange is a pyramid scheme?
Today, the announcement of the launch of (π)pi coin on the cryptocurrency exchange has aroused heated discussions among media people and cryptocurrency practitioners. In the subconscious of many cryptocurrency people, participating in pi coin is a pyramid scheme. How to judge whether pi coin belongs to pyramid scheme? What are the legal risks of participating in pi coin? I will share my views with you through this article.
I. my country's Determination of the Crime of Organizing and Leading MLM Activities
Article 224 of my country's Criminal Law stipulates that whoever organizes or leads pyramid schemes under the guise of business activities such as selling goods and providing services, requires participants to pay fees or purchase goods and services to obtain membership, and forms levels in a certain order, directly or indirectly uses the number of people developed as the basis for remuneration or rebates, induces or coerces participants to continue to develop others to participate, defrauds property, and disrupts the economic and social order, shall be guilty of organizing and leading pyramid schemes.
I. my country's Determination of the Crime of Organizing and Leading MLM Activities
Article 224 of my country's Criminal Law stipulates that whoever organizes or leads pyramid schemes under the guise of business activities such as selling goods and providing services, requires participants to pay fees or purchase goods and services to obtain membership, and forms levels in a certain order, directly or indirectly uses the number of people developed as the basis for remuneration or rebates, induces or coerces participants to continue to develop others to participate, defrauds property, and disrupts the economic and social order, shall be guilty of organizing and leading pyramid schemes.
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How to determine whether the (π)Pi coin listed on a cryptocurrency exchange is a pyramid scheme?
Today, the announcement of the launch of (π)pi coin on the cryptocurrency exchange has aroused heated discussions among media people and cryptocurrency practitioners. In the subconscious of many cryptocurrency people, participating in pi coin is a pyramid scheme. How to judge whether pi coin belongs to pyramid scheme? What are the legal risks of participating in pi coin? I will share my views with you through this article.
I. my country's Determination of the Crime of Organizing and Leading MLM Activities
Article 224 of my country's Criminal Law stipulates that whoever organizes or leads pyramid schemes under the guise of business activities such as selling goods and providing services, requires participants to pay fees or purchase goods and services to obtain membership, and forms levels in a certain order, directly or indirectly uses the number of people developed as the basis for remuneration or rebates, induces or coerces participants to continue to develop others to participate, defrauds property, and disrupts the economic and social order, shall be guilty of organizing and leading pyramid schemes.
I. my country's Determination of the Crime of Organizing and Leading MLM Activities
Article 224 of my country's Criminal Law stipulates that whoever organizes or leads pyramid schemes under the guise of business activities such as selling goods and providing services, requires participants to pay fees or purchase goods and services to obtain membership, and forms levels in a certain order, directly or indirectly uses the number of people developed as the basis for remuneration or rebates, induces or coerces participants to continue to develop others to participate, defrauds property, and disrupts the economic and social order, shall be guilty of organizing and leading pyramid schemes.
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Wait, risk control, I have written about it in my homepage articles.
After selling u, the money was frozen by Alipay for 7 days. Does anyone know why?
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Is Cryptocurrency Perpetual Contracts = Operating a Casino?
In recent years, the legal characterization of cryptocurrency futures contract business by Chinese judicial authorities has sparked widespread controversy. In 2020, the 'Star Coin Global' platform's 50x USDT contract business was identified as operating a casino in Jilin Baishan. Recently, the Hunan Pingjiang County Court publicly released 8 criminal judgments involving BKEX exchange, recognizing its perpetual contract business as gambling behavior, with related agent channels and employees sentenced for the crime of operating a casino, with the highest sentence reaching five years and the amount involved exceeding 300 million yuan.
These judgments not only impact the perceptions of professionals in the cryptocurrency circle but also reflect the high-risk nature of cryptocurrency derivative businesses within China's legal framework. So, do all cryptocurrency futures contract businesses really constitute operating a casino?
These judgments not only impact the perceptions of professionals in the cryptocurrency circle but also reflect the high-risk nature of cryptocurrency derivative businesses within China's legal framework. So, do all cryptocurrency futures contract businesses really constitute operating a casino?
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Analyzing the Legal Risks of Non-Real-Name KYC for Retail Investors in the Cryptocurrency Sector through Two Cases
(For details, please refer to the homepage)
In practice, many parties involved prefer not to register with their real-name identity information when using exchange apps. Some people do not fully understand domestic regulatory policies, believing that personal investment in virtual currencies is illegal, and that using real-name information to purchase virtual currencies on exchanges may lead to legal liability. Others aim to circumvent platform activity restrictions by using other people's identity information to register multiple accounts for participating in activities to maximize benefits. In short, such actions of non-real-name KYC registration violate the platform's risk control and even anti-money laundering regulations.
In practice, many parties involved prefer not to register with their real-name identity information when using exchange apps. Some people do not fully understand domestic regulatory policies, believing that personal investment in virtual currencies is illegal, and that using real-name information to purchase virtual currencies on exchanges may lead to legal liability. Others aim to circumvent platform activity restrictions by using other people's identity information to register multiple accounts for participating in activities to maximize benefits. In short, such actions of non-real-name KYC registration violate the platform's risk control and even anti-money laundering regulations.
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Why are non-real-name KYC users easily subjected to risk control freezes by exchanges?
The freezing of exchange accounts is mainly due to involvement in judicial cases or triggering platform risk control. The former is primarily due to regulatory enforcement agencies issuing freezing documents to exchanges for cooperation in case investigations, and exchanges merely fulfill their cooperation obligations, conducting procedural reviews of the freeze. However, the fundamental reason for risk control freezing is that users triggered various risk control rules established by the platform.
Many users with frozen accounts often post online claiming they were unjustly frozen by a certain exchange. However, the reality is that users triggered the platform's risk control measures, and exchanges executing risk control processes will require users to provide KYC materials, proof of funds, and other documents. Users question why the platform does not directly inform them of the specific reasons for the freeze.
Many users with frozen accounts often post online claiming they were unjustly frozen by a certain exchange. However, the reality is that users triggered the platform's risk control measures, and exchanges executing risk control processes will require users to provide KYC materials, proof of funds, and other documents. Users question why the platform does not directly inform them of the specific reasons for the freeze.
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What criminal risks should traditional Internet people who go overseas to engage in Web3 be aware of?
Recently, actor Wang Xing went to Thailand to find a job and film a movie, but was deceived and taken to a fraud park in Myanmar, where his personal freedom was restricted. This has caused heated discussions on the Internet. Due to the increasing supervision of the Web3 industry in China, exchanges and project parties have also gone overseas in recent years. Southeast Asia has low prices, a time zone close to China, and some countries are more friendly to the supervision of cryptocurrencies, so it has become the first choice for Web3 companies to go overseas in recent years.
Traditional Internet people in China who want to work in Web3 have also chosen to submit their resumes to work in Southeast Asia. So, in addition to paying attention to personal safety, what criminal risks should traditional Internet people be careful of when working in Web3 overseas?
Traditional Internet people in China who want to work in Web3 have also chosen to submit their resumes to work in Southeast Asia. So, in addition to paying attention to personal safety, what criminal risks should traditional Internet people be careful of when working in Web3 overseas?
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The total amount of moodeng is 989 million. Currently, among the top five holding addresses, 5sTQ5 belongs to the market maker wintermute, holding 88 million moodeng, making it the address with the most holdings of this meme coin and reaching a new high in moodeng holdings.
The address 5sTQ5 last reached a holding peak of 80 million on December 1, which coincides with the time around moodeng's listing on Coinbase. Since then, 5sTQ5's moodeng holdings have been declining.
In addition, the fifth largest holding address, FixDE, is also associated with the market maker wintermute, holding 44 million moodeng.
This means that the total amount of moodeng held by wintermute addresses accounts for 13% of the total holdings, not including the wintermute holdings within exchanges.
So will this new high in wintermute holdings lead to a listing on major exchanges?
#加密市场反弹
The address 5sTQ5 last reached a holding peak of 80 million on December 1, which coincides with the time around moodeng's listing on Coinbase. Since then, 5sTQ5's moodeng holdings have been declining.
In addition, the fifth largest holding address, FixDE, is also associated with the market maker wintermute, holding 44 million moodeng.
This means that the total amount of moodeng held by wintermute addresses accounts for 13% of the total holdings, not including the wintermute holdings within exchanges.
So will this new high in wintermute holdings lead to a listing on major exchanges?
#加密市场反弹
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Can the mixing protocol Railgun achieve a balance between on-chain privacy and regulatory compliance in the crypto world?
Preface
In November 2024, the Fifth Circuit Court ruled that the sanctions imposed by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on the mixing service Tornado Cash violated the International Emergency Economic Powers Act (IEEPA). The Fifth Circuit Court held that the smart contract of Tornado Cash is decentralized, self-operating, and uncontrollable code that cannot be owned, is not property, and should not be included in the OFAC sanctions list, and that OFAC's sanctions exceeded its statutory authority.
Although the Fifth Circuit Court's ruling on the Tornado Cash case is seen as a victory for the crypto industry, the undeniable fact is that North Korean hackers and coin theft criminal organizations are indeed using Tornado Cash for money laundering to evade regulatory enforcement sanctions. So, can we ensure on-chain privacy for crypto users under the premise of legality and compliance in the crypto world? Today, I will share how the mixing protocol Railgun complies with regulations to protect user on-chain privacy.
In November 2024, the Fifth Circuit Court ruled that the sanctions imposed by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on the mixing service Tornado Cash violated the International Emergency Economic Powers Act (IEEPA). The Fifth Circuit Court held that the smart contract of Tornado Cash is decentralized, self-operating, and uncontrollable code that cannot be owned, is not property, and should not be included in the OFAC sanctions list, and that OFAC's sanctions exceeded its statutory authority.
Although the Fifth Circuit Court's ruling on the Tornado Cash case is seen as a victory for the crypto industry, the undeniable fact is that North Korean hackers and coin theft criminal organizations are indeed using Tornado Cash for money laundering to evade regulatory enforcement sanctions. So, can we ensure on-chain privacy for crypto users under the premise of legality and compliance in the crypto world? Today, I will share how the mixing protocol Railgun complies with regulations to protect user on-chain privacy.
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VANA: Breaking Data Silos, Supporting AI Model Training
In the era of artificial intelligence, the importance of data is self-evident. As the foundation for AI large models, the quality of the training data source determines the capabilities of AI and the user experience of the product. Internet technology giants with large, multi-dimensional business data have a scenario advantage, and through years of data accumulation during the operation of internet platforms and existing user usage scenarios, they can generate a large amount of private data, giving them a clear advantage in model training optimization.
After the early AI products went live, they relied on feedback from their user base and product interactions to fine-tune their models, creating a data flywheel effect that continuously optimizes iterations. This will become a moat for AI products in the future. However, start-ups in the AI sector struggle with insufficient quantity and quality of data sources to train their models, and these data barriers and the formation of data silos will hinder the development of artificial intelligence.
After the early AI products went live, they relied on feedback from their user base and product interactions to fine-tune their models, creating a data flywheel effect that continuously optimizes iterations. This will become a moat for AI products in the future. However, start-ups in the AI sector struggle with insufficient quantity and quality of data sources to train their models, and these data barriers and the formation of data silos will hinder the development of artificial intelligence.
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Discussing whether the regulatory direction for virtual currencies in China has really changed in light of recent judicial cases.
Recently, two cases involving virtual currencies from the Shanghai High Court and the Lianshui Court of Jiangsu have sparked much discussion among friends in the circle, with some believing that domestic regulation of virtual currencies has shifted, allowing individuals to legally hold Bitcoin and other virtual currencies, thus providing protection for virtual currencies domestically. While I also hope that domestic regulatory policies will be more friendly to the industry and that judicial practice will severely crack down on illegal activities such as theft and fraud while balancing the interests of both parties in cryptocurrency-related cases, is this really the case? Today, I will discuss the true situation of domestic virtual currency regulation in light of recent judicial cases.
web3 Sora$LPT
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Combining AI and Web3: Web3 version of Sora - Livepeer
Recently, with the listing of AI-based tokens such as io.net and Aethir on top exchanges such as Binance and OKX, more and more projects combining with AI have emerged in Web3. Can Web3 use its own technological advantages to promote the AI revolution and subvert the industry? What are the application scenarios that can be implemented in the process of combining Web3 with AI? The author will share with you the AI applications in Web3 through a series of articles.
1. Competition in AI Big Models
The competition for large AI models mainly focuses on three aspects: computing power, algorithms, and data.
If traditional technology giants want to enter the AI big model field, they must first consider the high training and debugging costs of the big models in the early stage. Tian Qi, chief scientist of Huawei Cloud's artificial intelligence field, mentioned in his speech at the AI Big Model Technology Summit that the single cost of big model development and training is as high as 12 million US dollars. OpenAI CEO Sam Altman also mentioned that the training cost of GPT-4 exceeds 100 million US dollars, of which GPU computing power costs account for the majority of the entire training cost.
1. Competition in AI Big Models
The competition for large AI models mainly focuses on three aspects: computing power, algorithms, and data.
If traditional technology giants want to enter the AI big model field, they must first consider the high training and debugging costs of the big models in the early stage. Tian Qi, chief scientist of Huawei Cloud's artificial intelligence field, mentioned in his speech at the AI Big Model Technology Summit that the single cost of big model development and training is as high as 12 million US dollars. OpenAI CEO Sam Altman also mentioned that the training cost of GPT-4 exceeds 100 million US dollars, of which GPU computing power costs account for the majority of the entire training cost.
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Analyze the rights protection path of domestic NFT digital collection users based on cases
Recently, the market of altcoins has been hot, and many old projects have doubled in price in just a few days. However, many NFT projects born in the last bull market have performed poorly in the trading market due to liquidity issues. In China, in recent years, some NFT digital collection platforms have cooperated with various well-known IPs to jointly issue NFT digital collections, and planned a series of empowerment and holding rights for NFT digital collections at the time of issuance. However, due to supervision and market conditions, the empowerment was postponed, the price plummeted, and eventually users defended their rights. Today, let’s talk about the rights protection path of domestic NFT digital collections based on cases.
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Yesterday, the address related to the FTX case seized by the U.S. government transferred over $30 million worth of ETH, BUSD, SHIB, POWR, and other tokens to the new address 0x9Ac. This batch of tokens was withdrawn from Binance US in March last year.
In addition, this morning, the Mt. Gox address transferred 27 billion dollars worth of 27,000 BTC to a new address.
$BTC
#BTC新高10W
In addition, this morning, the Mt. Gox address transferred 27 billion dollars worth of 27,000 BTC to a new address.
$BTC
#BTC新高10W
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Just now, the coins seized by the US government from the Silk Road case were transferred to a new address. Will they be sold? Will there be a big fluctuation? $BTC
#比特币打破感恩节魔咒
#比特币打破感恩节魔咒
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Yesterday, address 0xBb6 received nearly 5 million USD worth of ZRO from the ZRO project team's airdrop address and multi-signature address. This address received 1.18 million USD worth of ZRO from the multi-signature address a month ago. Currently, this address holds a total of 1 million ZRO worth 5.69 million USD.
#山寨币走势展望 #zro
#山寨币走势展望 #zro
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