PANews reported on February 24th that, according to Singapore's Wan Shi Tong, the cryptocurrency exchange BHE Exchange is suspected of committing fraud by issuingPANews reported on February 24th that, according to Singapore's Wan Shi Tong, the cryptocurrency exchange BHE Exchange is suspected of committing fraud by issuing
Suspects involved in the BHE Exchange cryptocurrency scam, which is linked to a 900 million RMB fraud scheme, have been arrested in Thailand and will be extradited to China.
PANews reported on February 24th that, according to Singapore's Wan Shi Tong, the cryptocurrency exchange BHE Exchange is suspected of committing fraud by issuing the token "DDO," promising an annualized return of 6% and a 20-fold increase in value over ten years. The platform subsequently shut down, and funds could not be withdrawn, resulting in a total loss of approximately US$128 million (about 900 million RMB) for about 20,000 investors. Chinese police subsequently issued an arrest warrant for the main suspect, "Xiao Duan (Duan Zong)." An investigation by the Thai Immigration Bureau indicates that Duan fled China in 2024 and had been hiding in various parts of Thailand for a long time. He was recently arrested at a luxury residence in Bang Phurik Township, Samut Prakan Province. His residency permit has been revoked, and he will be deported back to China for further investigation and trial.
Market Opportunity
Notcoin Price(NOT)
$0,0003568
$0,0003568$0,0003568
USD
Notcoin (NOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
MORPHO Technical Analysis Feb 24
The post MORPHO Technical Analysis Feb 24 appeared on BitcoinEthereumNews.com. MORPHO’s 24-hour trading volume is trading above recent averages at 28.47 million
Share
BitcoinEthereumNews2026/02/24 12:08
China’s Ban on Nvidia Chips for State Firms Sends Stock Tumbling
The post China’s Ban on Nvidia Chips for State Firms Sends Stock Tumbling appeared on BitcoinEthereumNews.com. Cyberspace Administration of China (CAC) has instructed big companies to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules After the news, Nvidia shares dropped in premarket trading by about 1.5% Cyberspace Administration of China (CAC) has instructed big companies like Alibaba and ByteDance to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip. The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules. The RTX Pro 6000D was tailored for China to comply with some export rules, but now the regulator says even that chip is off-limits. After the news, Nvidia shares dropped in premarket trading (around 1.5%), reflecting investors’ concerns about reduced demand in one of the biggest markets. This isn’t the first time China has done something like this. For instance, in August, the country urged firms not to use Nvidia’s H20 chip due to potential security issues and the need to comply with international export control regulations. Meanwhile, Alibaba and Baidu have begun using domestically produced AI chips more heavily, which shows that China is seriously investing in building its own chip-making capacity. Additionally, a few days ago, Chinese regulators opened an antitrust review into Nvidia’s Mellanox acquisition, suggesting the company may have broken some of the promises it made to get the 2020 deal passed. From AI to blockchain and the possible effects of China’s ban The banning of Nvidia chips represents a rather notable escalation in the technological rivalry between the United States and China. Beyond tariffs or export bans, China is now proactively telling its firms to avoid even “compliant” US chips and instead shift…
Share
BitcoinEthereumNews2025/09/18 07:46
Nasdaq Company Adds 7,500 BTC in Bold Treasury Move
The live-streaming and e-commerce company has struck a deal to acquire 7,500 BTC, instantly becoming one of the largest public […] The post Nasdaq Company Adds 7,500 BTC in Bold Treasury Move appeared first on Coindoo.
Share
Coindoo2025/09/18 02:15