Chinese police seize $15 million worth of crypto from alleged fraudsters

News Snapshot:

Chinese police have seized 100 million yuan (~$15 million) worth of cryptocurrency from a group who allegedly sold fake tokens to would-be investors." data-reactid="19" >Chinese police have seized 100 million yuan (~$15 million) worth of cryptocurrency from a group who allegedly sold fake tokens to would-be investors. China’s Ministry of Public Security, the country’s principal police authority, announced the news on Thursday, saying that ten individuals are suspected of selling fake Huobi Tokens (HT) to over 1,300 people. The group is said to have created “dozens” of Telegram chat groups, including the one named “Huobi Global Arbitrage HT Chinese Community,”...