Crypto Assets Worth $60 Million Seized By Chinese Police In Filecoin Ponzi Scheme Case

News Snapshot:

Local police from the Fengxian district country Bureau in Shanghai China have arrested 31 people for alleged illegal pyramid schemes. During the crackdown, police seized over 400 million yuan ($62.5 million) in Ethereum, TEDA coins, and FIL coins from the arrested suspects. “Fengxian Country Bureau successively arrested 31 members...