Carding Forum
Professional
- Messages
- 2,788
- Reaction score
- 1,334
- Points
- 113
Chinese police conducted a large-scale special operation in the Xuzhou City district to combat organized crime, during which 31 people associated with the Star Alliance company were detained. It ranks 38th in terms of the size of the pool in the ranks of Filecoin miners, which was the reason for reports about the attack of the Chinese authorities on this cryptocurrency.
According to Xinhua, the target of the raid was a financial pyramid created under the banner of Star Alliance, built on an imaginary lease of disk space for FIL mining.
Criminals did not engage in mining, paying early investors interest from funds from new customers. During a search of the offices, ETH, FIL and the local TEDA token worth $80 million were found and seized. Those arrested confirmed the absence of a real purpose for mining Filecoin, as well as the abuse of ties with Star Alliance.
The company issued an official statement on non-involvement in the scheme and the return of some of its employees arrested by the police. Now up to 90% of Filecoin's mining capacity is located in China, which led to a drop in the coin's exchange rate after a police raid.
• Source:
----
Chinese police have arrested eight criminals who organized a fraudulent scheme to invest in the Filecoin (FIL) cryptocurrency, during which investors lost more than 40 million yuan (about $5.5 million).
According to the prosecutor's office, the scammers deceived more than 10,000 victims from various regions of China, including the provinces of Jiangsu, Guizhou and Hunan. Criminals guaranteed investors twice the profit when investing in the FIL cryptocurrency, but the scammers stole the funds raised. They received a prison sentence of three to five years, along with conditional release. In addition, violators are subject to fines ranging from 210,000 yuan (about $28,860) to 250,000 yuan (about $34,360).
In China, cryptocurrency trading and mining are prohibited, so the authorities apply strict measures against illegal financial transactions within the country. Law enforcement officers recommended that Chinese citizens exercise caution to protect themselves from such fraudulent schemes in the future and not lose money. Police have warned that they will continue to detect cases of cryptocurrency fraud in the country to protect depositors from illegal investment schemes.
Recall that in August 2023, the Chinese People's Court of Pingnan County began open hearings in the case of five organizers of a fraudulent scheme for mining the Filecoin cryptocurrency. In the course of this fraudulent scheme, they managed to raise 600 million yuan (about $82.4 million).
According to Xinhua, the target of the raid was a financial pyramid created under the banner of Star Alliance, built on an imaginary lease of disk space for FIL mining.
Criminals did not engage in mining, paying early investors interest from funds from new customers. During a search of the offices, ETH, FIL and the local TEDA token worth $80 million were found and seized. Those arrested confirmed the absence of a real purpose for mining Filecoin, as well as the abuse of ties with Star Alliance.
The company issued an official statement on non-involvement in the scheme and the return of some of its employees arrested by the police. Now up to 90% of Filecoin's mining capacity is located in China, which led to a drop in the coin's exchange rate after a police raid.
• Source:
----
Chinese police have arrested eight criminals who organized a fraudulent scheme to invest in the Filecoin (FIL) cryptocurrency, during which investors lost more than 40 million yuan (about $5.5 million).
According to the prosecutor's office, the scammers deceived more than 10,000 victims from various regions of China, including the provinces of Jiangsu, Guizhou and Hunan. Criminals guaranteed investors twice the profit when investing in the FIL cryptocurrency, but the scammers stole the funds raised. They received a prison sentence of three to five years, along with conditional release. In addition, violators are subject to fines ranging from 210,000 yuan (about $28,860) to 250,000 yuan (about $34,360).
In China, cryptocurrency trading and mining are prohibited, so the authorities apply strict measures against illegal financial transactions within the country. Law enforcement officers recommended that Chinese citizens exercise caution to protect themselves from such fraudulent schemes in the future and not lose money. Police have warned that they will continue to detect cases of cryptocurrency fraud in the country to protect depositors from illegal investment schemes.
Recall that in August 2023, the Chinese People's Court of Pingnan County began open hearings in the case of five organizers of a fraudulent scheme for mining the Filecoin cryptocurrency. In the course of this fraudulent scheme, they managed to raise 600 million yuan (about $82.4 million).
