China Cracks Down On $300M Crypto Exchange Fraud, Arrest 6

In a significant development, Chinese authorities have dismantled a major crypto exchange fraud operation, seizing approximately 2.14 billion yuan ($300 million) and apprehending six individuals involved in the illicit scheme. Notably, the crackdown, led by the Public Security Bureau of Panshi City, Jilin Province, underscores China’s proactive stance against crypto-related crimes.