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Second-richest man in China jailed for six years over $5m crypto fraud: report#chineseinvestors #CryptoMarketMoves #CryptoDecision #Crypto_Jobs🎯 #ChinaCoin Once China’s second-richest man was sentenced to six years in prison in Singapore for orchestrating a fraudulent crypto investment scheme. Tycoon Yang Bin, a Chinese-Dutch national and the second-richest man in China by Forbes for 2001, was sentenced to six years in prison in Singapore and fined S$16,000 (around $12,200) on Monday, Aug. 26 for leading a multi-million-dollar Ponzi scheme masquerading as a crypto investment operation, per a report from CNA. Yang, who founded A&A Blockchain Innovation in April 2021 without a valid work permit, falsely claimed the company owned 300,000 cryptocurrency mining machines capable of delivering daily returns of 0.5% to investors. In reality, however, these machines did not exist, and Yang utilized funds from new investors to pay for the earlier ones The scheme, which promised investors returns from mining cryptocurrencies, reportedly attracted over 700 participants who invested about S$6.7 million (over $5 million) between May 2021 and February 2022. Yang’s company operated a money circulation scheme, and he instructed co-accused Wang Xinghong to develop an app that faked investment returns. Yang pleaded guilty to eight charges, including conspiracy to cheat and operating without a valid work permit. Deputy public prosecutor Wong Shiau Yin emphasized Yang’s pivotal role in the scheme and the lack of restitution for victims. District Judge Brenda Chua highlighted Yang’s significant culpability compared to his co-accused, whose legal proceedings are ongoing. Yang, who was previously involved in the textile industry in China, was also appointed by North Korea in 2002 to oversee the economic development of the Sinuju Special Administrative Region. However, he was soon placed under house arrest by Chinese authorities on tax evasion charges in November of that year.

Second-richest man in China jailed for six years over $5m crypto fraud: report

#chineseinvestors #CryptoMarketMoves #CryptoDecision #Crypto_Jobs🎯
#ChinaCoin

Once China’s second-richest man was sentenced to six years in prison in Singapore for orchestrating a fraudulent crypto investment scheme.

Tycoon Yang Bin, a Chinese-Dutch national and the second-richest man in China by Forbes for 2001, was sentenced to six years in prison in Singapore and fined S$16,000 (around $12,200) on Monday, Aug. 26 for leading a multi-million-dollar Ponzi scheme masquerading as a crypto investment operation, per a report from CNA.

Yang, who founded A&A Blockchain Innovation in April 2021 without a valid work permit, falsely claimed the company owned 300,000 cryptocurrency mining machines capable of delivering daily returns of 0.5% to investors. In reality, however, these machines did not exist, and Yang utilized funds from new investors to pay for the earlier ones

The scheme, which promised investors returns from mining cryptocurrencies, reportedly attracted over 700 participants who invested about S$6.7 million (over $5 million) between May 2021 and February 2022. Yang’s company operated a money circulation scheme, and he instructed co-accused Wang Xinghong to develop an app that faked investment returns.

Yang pleaded guilty to eight charges, including conspiracy to cheat and operating without a valid work permit. Deputy public prosecutor Wong Shiau Yin emphasized Yang’s pivotal role in the scheme and the lack of restitution for victims. District Judge Brenda Chua highlighted Yang’s significant culpability compared to his co-accused, whose legal proceedings are ongoing.

Yang, who was previously involved in the textile industry in China, was also appointed by North Korea in 2002 to oversee the economic development of the Sinuju Special Administrative Region. However, he was soon placed under house arrest by Chinese authorities on tax evasion charges in November of that year.
What is the Chinese cryptocurrency called? The digital Yuan The digital Yuan is China's version of a central bank digital currency, which means the central bank gets directly involved in issuing individual accounts to individuals #chineseinvestors
What is the Chinese cryptocurrency called?

The digital Yuan The digital Yuan is China's version of a central bank digital currency, which means the central bank gets directly involved in issuing individual accounts to individuals

#chineseinvestors
đ—Šđ—”đ—źđ—»đ—Žđ—”đ—źđ—¶ đ—šđ—»đ—°đ—čđ—Č'𝘀 đ—•đ—Œđ—čđ—± 𝗣𝗿đ—Čđ—±đ—¶đ—°đ˜đ—¶đ—Œđ—»đ˜€ đ—Šđ—”đ—źđ—žđ—Č đ˜đ—”đ—Č đ—–đ—”đ—¶đ—»đ—Č𝘀đ—Č đ—Šđ˜đ—Œđ—°đ—ž 𝗠𝗼𝗿𝗾đ—Č𝘁.. The latest sensation in the Chinese stock market isn't Buffett, but a retail investor known as “Shanghai Uncle.” His rise to fame came after a bold prediction about CITIC Securities, forecasting that its stock would hit three consecutive daily limits between July 22 and 25, surging to 700 yuan. At that point, the stock traded below 19 yuan, implying an astonishing 35x increase. While many dismissed his claim as overly ambitious, the stock did see a sharp rise on July 22, instantly bringing him into the spotlight. Shanghai Uncle then went further, predicting that CITIC Securities would outshine Kweichow Moutai and become the highest-valued A-share company. Months earlier, he shared another bullish forecast, stating that the stock market would reach 14,600 points by 2026. In June, he called for a major market rally by mid-September, referring to this wave as "Love in Late Autumn," and set his year-end target at 4,165 points. His predictions gained more attention in late September as the market rallied, with CITIC Securities hitting consecutive daily limits. On October 8, the Shanghai Composite Index surged over 10%, nearly validating his forecast of “thousands of stocks reaching daily limits.” However, the market reversed sharply, with a 7% drop the next day, contradicting his expectations of continued growth. Despite the sudden correction, Shanghai Uncle remains upbeat, encouraging investors not to lose hope. He assures that temporary setbacks are only paving the way for greater future profits, maintaining his belief in long-term market growth. His optimistic outlook, even in volatile moments, continues to attract attention and drive discussion in the financial community. #ChinaCrypto #chinesestocks #chineseinvestors #BNBChainMemecoins #StockMarketSuccess
đ—Šđ—”đ—źđ—»đ—Žđ—”đ—źđ—¶ đ—šđ—»đ—°đ—čđ—Č'𝘀 đ—•đ—Œđ—čđ—± 𝗣𝗿đ—Čđ—±đ—¶đ—°đ˜đ—¶đ—Œđ—»đ˜€ đ—Šđ—”đ—źđ—žđ—Č đ˜đ—”đ—Č đ—–đ—”đ—¶đ—»đ—Č𝘀đ—Č đ—Šđ˜đ—Œđ—°đ—ž 𝗠𝗼𝗿𝗾đ—Č𝘁..

The latest sensation in the Chinese stock market isn't Buffett, but a retail investor known as “Shanghai Uncle.” His rise to fame came after a bold prediction about CITIC Securities, forecasting that its stock would hit three consecutive daily limits between July 22 and 25, surging to 700 yuan.

At that point, the stock traded below 19 yuan, implying an astonishing 35x increase. While many dismissed his claim as overly ambitious, the stock did see a sharp rise on July 22, instantly bringing him into the spotlight. Shanghai Uncle then went further, predicting that CITIC Securities would outshine Kweichow Moutai and become the highest-valued A-share company.

Months earlier, he shared another bullish forecast, stating that the stock market would reach 14,600 points by 2026. In June, he called for a major market rally by mid-September, referring to this wave as "Love in Late Autumn," and set his year-end target at 4,165 points.

His predictions gained more attention in late September as the market rallied, with CITIC Securities hitting consecutive daily limits. On October 8, the Shanghai Composite Index surged over 10%, nearly validating his forecast of “thousands of stocks reaching daily limits.” However, the market reversed sharply, with a 7% drop the next day, contradicting his expectations of continued growth.

Despite the sudden correction, Shanghai Uncle remains upbeat, encouraging investors not to lose hope. He assures that temporary setbacks are only paving the way for greater future profits, maintaining his belief in long-term market growth. His optimistic outlook, even in volatile moments, continues to attract attention and drive discussion in the financial community.

#ChinaCrypto #chinesestocks #chineseinvestors #BNBChainMemecoins #StockMarketSuccess
**Chinese Government's Alleged Crypto Sell-Off: Fact or Fiction?** On Thursday, August 8, Bitcoin experienced a sharp rebound, surging above $57,000 after a deep plunge, while Ethereum decoupled and spiked back to the $2,460 level. This market activity coincided with alarming rumors suggesting that the Chinese government had suddenly begun liquidating a significant amount of Ethereum. These rumors quickly stirred up the crypto community, leading to concerns about a potential market downturn. The chain data analysis platform Lookonchain initially fueled these fears with a now-deleted post on Twitter, alleging that wallets linked to TokenPlus had transferred approximately 789,533 ether, valued at nearly $2 billion. However, this claim was met with skepticism and further investigation by the Chinese blockchain analyst EmberCN, who stepped in to clarify the situation. EmberCN's analysis revealed that the original report was misleading. Most of the ether in question had already been sold back in 2021. Specifically, the investigation traced the bulk of the 789,500 ether to the cryptocurrency exchange Bidesk, located in the British Virgin Islands, with transactions occurring between June and September 2021. In reality, only about 25,757 ether, worth $63.1 million, had been moved in the past 24 hours—far less than the initially reported figure. Despite Lookonchain deleting their post, they have yet to issue an official clarification. Meanwhile, Arkham Intelligence, another blockchain analysis platform, reported that wallets associated with TokenPlus had transferred around $450 million worth of Ethereum. However, closer examination showed minimal movement from TokenPlus’ main wallet, with just $12 million in ether transferred over the past 12 hours.#chineseinvestors #ChinaCrypto #ChinaEconomy .
**Chinese Government's Alleged Crypto Sell-Off: Fact or Fiction?**

On Thursday, August 8, Bitcoin experienced a sharp rebound, surging above $57,000 after a deep plunge, while Ethereum decoupled and spiked back to the $2,460 level. This market activity coincided with alarming rumors suggesting that the Chinese government had suddenly begun liquidating a significant amount of Ethereum. These rumors quickly stirred up the crypto community, leading to concerns about a potential market downturn.

The chain data analysis platform Lookonchain initially fueled these fears with a now-deleted post on Twitter, alleging that wallets linked to TokenPlus had transferred approximately 789,533 ether, valued at nearly $2 billion. However, this claim was met with skepticism and further investigation by the Chinese blockchain analyst EmberCN, who stepped in to clarify the situation.

EmberCN's analysis revealed that the original report was misleading. Most of the ether in question had already been sold back in 2021. Specifically, the investigation traced the bulk of the 789,500 ether to the cryptocurrency exchange Bidesk, located in the British Virgin Islands, with transactions occurring between June and September 2021. In reality, only about 25,757 ether, worth $63.1 million, had been moved in the past 24 hours—far less than the initially reported figure.

Despite Lookonchain deleting their post, they have yet to issue an official clarification. Meanwhile, Arkham Intelligence, another blockchain analysis platform, reported that wallets associated with TokenPlus had transferred around $450 million worth of Ethereum. However, closer examination showed minimal movement from TokenPlus’ main wallet, with just $12 million in ether transferred over the past 12 hours.#chineseinvestors #ChinaCrypto #ChinaEconomy

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In the past 5 days, a crypto whale, known as 0x84d, has spent $5M to accumulate a variety of Alt-coins. The purchases include 315k ETHFI ($1.13M), 7.1M DOGE ($1.04M), 2.25M PIXEL ($950k), 1.07M ENA ($919k), 19.8M PEOPLE ($471k), and 548k ALT ($230k). invest in Nft #wif #peep #btc #solana #opensea #Megadrop #chineseinvestors link https://opensea.io/Bored-Ape-Yacht-Club--
In the past 5 days, a crypto whale, known as 0x84d, has spent $5M to accumulate a variety of Alt-coins. The purchases include 315k ETHFI ($1.13M), 7.1M DOGE ($1.04M), 2.25M PIXEL ($950k), 1.07M ENA ($919k), 19.8M PEOPLE ($471k), and 548k ALT ($230k).
invest in Nft #wif #peep #btc #solana
#opensea #Megadrop #chineseinvestors
link

https://opensea.io/Bored-Ape-Yacht-Club--
guys do you all know about Chinese version of pei pei coin basically if china unban the crypto this coin will boom this coin is somewhere trending on social media i bought 11% of the total supply let see what happens in future #chineseinvestors #peipei comment your opinion
guys do you all know about Chinese version of pei pei coin basically if china unban the crypto this coin will boom this coin is somewhere trending on social media i bought 11% of the total supply let see what happens in future
#chineseinvestors #peipei comment your opinion
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