**Weekly Crypto Roundup: Scams, Hacks, and Innovations**

**China's Crypto Scam Alert:** A new scam called "point running" is duping Chinese investors. Victims, often new to crypto, are tricked into moving digital assets between accounts, believing they'll earn commissions. Instead, they're unknowingly laundering money. Authorities warn these scams are rising as crypto gains popularity in China.

**Indodax Hack Fallout:** Indonesian exchange Indodax lost $22 million in a recent hack. To manage the fallout, they launched an Instagram giveaway, offering 3 million rupiah hourly. The hack, linked to North Korean group Lazarus, has left customers awaiting investigation results.

**Pig Butchering Scams Surge:** Southeast Asia sees a rise in "pig butchering" scams, where victims are emotionally manipulated into sending crypto. AMLBot reports $3.2 million in losses for August, with syndicates operating mainly in Cambodia, Myanmar, and the Philippines. Human trafficking is also involved, with victims forced into scam operations.

**Blockchain in Education:** The Philippine Science High School is adopting blockchain to manage student records, aiming for a secure, efficient system. This initiative highlights blockchain's potential beyond cryptocurrencies, with a broader rollout planned by 2025.