News linked to both this project and an event.
According to Shenzhen News Network, the Shenzhen Branch of the People's Bank of China, the Shenzhen Bureau of the China Securities Regulatory Commission, the Municipal Internet Information Office, and the Municipal Local Financial Administration jointly launched a special rectification campaign, announcing and permanently closing a batch of non-compliant self-media accounts. The violations were mainly divided into two categories: first, accounts such as "USDT Merchant Exchange Group" and "Search Bitcoin" violated regulations by providing virtual currency marketing and promotion within the mainland, inducing the public to participate in illegal financial activities; second, accounts such as "Pajama Old Zhang" and "Zhengwu Stock Path" lacked securities and futures qualifications, and by showing profit screenshots, publishing live trading operations, etc., induced netizens to pay to join groups and purchase financial management courses, illegally engaging in securities and futures business. The aforementioned accounts have been permanently closed by the platforms in accordance with the law, and Shenzhen authorities stated that they will continue to increase efforts to rectify the online environment.
According to Chainalysis, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) updated its sanctions list against ISIS-K (Islamic State Khorasan Branch) on July 1, adding 134 cryptocurrency wallet addresses, of which 131 are on the TRON chain and 3 are Monero addresses. On-chain data shows that the aforementioned TRON wallets have cumulatively received over $1.4 million since 2023 and transferred out over $880,000, with some funds flowing to Syrian crypto exchangers. Currently, Tether has frozen the balances of all 131 TRON addresses. Additionally, on the same day, OFAC also sanctioned two Brazilian individuals and four companies related to the Latin American criminal organization "Primeiro Comando da Capital" (PCC), accusing them of using cryptocurrency to transfer over $30 million in illegal proceeds across borders from the United States to Brazil.
According to the New Straits Times, Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of involvement in a transnational network that laundered proceeds from fraud and online gambling through illegal cryptocurrency mining. Thailand’s Special Branch of the Police stated that Wang Yicheng was charged in November 2025 with theft and violations of the Computer Crime Act; he is currently suspected of having fled the country, and Thai authorities are cooperating with international law enforcement agencies to track his whereabouts.
The People’s Bank of China Shaoguan Branch, in collaboration with the General Office of the Shaoguan Municipal People’s Government, issued a risk alert on virtual currencies ahead of the “4·15” National Security Education Day for All Citizens. It also disclosed four typical cases: money laundering through “high-paying U.S. dollar-pegged stablecoin (USDT) part-time jobs,” illegal fundraising under the guise of “capital-guaranteed, high-yield cryptocurrency trading,” pyramid scheme fraud involving the “RWA Digital Culture & Tourism Fund,” and offline “currency swapping” activities constituting de facto foreign exchange transactions. Regulators clarified that virtual currency exchange, trading, and RWA tokenization activities are all illegal financial activities. Projects promising “high returns, low risk, and guaranteed profits” are mostly scams. The public should abandon fantasies of getting rich overnight, steer clear of virtual currency-related investments, opt for legitimate financial channels, and promptly report any suspicious activity to the police to minimize losses.