Asia Express – Cointelegraph magazine

Rumors to prepare the University of Chefoo Echo China scandal “naked loan” China

The main cryptocurrency exchanges are subject to allegations that they have given closed money for university students in China to encourage speculative trading. The controversy has led to comparisons on the lending scandal on the country’s campus for nearly a decade, when exploitative “abstract loans” were presented in exchange for bare images.

Bruce Show, co -founder of Ehbanda, Claim These central stock exchanges give students non -operating experimental funds for futures trading. Countries can be kept, and according to what students who have published high -yielding clips on WeChat additional bonuses. Show has launched a way to prepare the next generation of DEGONS gambling.

Blockbeats Crypto Media Outlet The name In all exchanges to stop any experimental fund promotions targeting students, describing the campaigns as exploitative to provide financially inexperienced demographic.

While many speculated that Bitget was involved due to the program of the campus ambassador in February, Xie Jiayin (Smith Tse), the head of Exchang in Asia, He said The initiative focused on teaching Web3 and job support, not trading. He denied that Peter has absolutely distributed experimental funds for students and said that the program was put in place in a non -communication mode within 16 hours due to the general misunderstanding.

X user accused Bybit from visiting universities and distributing experience funds. CEO Ben Chu to reject The allegations, which require proof and criticism of the spread of unfounded rumors in the encryption space.

Blockbeats comparison The uproar for the technology scandal in China about a decade ago is the involvement of QvenQI. The company was founded in 2014, and the company provided loans to students for electronics and other commodities, allowing them to make more monthly payments than the student’s identifier. The company visited universities physically with stalls and flyers to push its products.

Soon the platform was immersed in the controversy due to the hidden drawings and debt traps that left students to borrow from another payment platform. Local media investigations Detect A darker side of campus loans, as some students turned into the black market lenders to pay their debts. The desirable university students resorted to what is known as nude loans, where the students were asked to provide nude photos or videos such as guarantee, with the threat of general exposure if they failed to pay. Some have fell into an irreversible debt and pay their debts with sexual services. In the most tragic cases, some were transferred to suicide.

Companies that offer campus loans closed After an organizational campaign In 2016 and 2017. QUFENQI got rid of the lending model on the campus and was renamed as a religion and lasting on the Nasdak Stock Exchange. But her negative image has been affected by her reputation, and her shares decreased by more than 90 % of her peak.

Nine Chinese contemporary deceived 67,000 Indian men pretending to be Indian women

A court in Shandong Province in eastern China handed over a prison period of more than 14 years to nine fraud in the field of communications who defrauded 66,800 Indian men by pretending to be successful Indian women, According to To a legal newspaper run by the daily state.

According to the 517 million rupees (more than 6 million dollars) from June 2023 to January 2024 in A. Scheduled swineUse translation tools and chat applications to attract victims.

The wife of the wife, who was set by the title, admitted, with investments in an Indian rupee and converting returns to USDT, which was then washed into the Chinese Yuan through the third -party payment services.

To make their characters more persuasive, the group used glamorous lifestyle pictures, such as selfies of fitness, travel shots and other coordinated images, to form them as an emotionally weak Indian women, but they are financially successful. They connected their social media profiles to Indian cities and established a fake company to gain the confidence of the victims.

This is not the first time that the Chinese fragmented women committed suicide, foreign women to target men abroad. According to Chenecho Internet PoliceTwo suspects were seized in March 2024 for using translation applications to defraud Turkish men through an online shopping chart and discount, protesting as rich Malaysian women. They were supported by a team of more than 10 employees and worked during Turkish working hours, or from 3 pm to 1 am local time.

The police quoted employees known as “Xiao A”, saying: “Lisa’s character, a 31 -year -old Malaysian woman, played, divorced, long -looking hair, and her length is about 170 cm. She was a fashion designer with her own boutique in Malaysia and the Amazon store.

All employees as divorced women in the early thirties have been offered with stable financial backgrounds. The company presented a four -day participation plan to direct talks with goals.

The Philippine SEC launches the cryptocurrency box to form a future organization

The Philippine Securities and Stock Exchange Committee (SEC) has opened requests for the new Sandbox Strategic program (Stratbox), as it targeted encryption service providers looking to test products under supervision.

The Supreme Education Council said in a press release Stratebox will provide an control environment where qualified entities can try products, services and commercial models related to encryption. The data collected through the drafting box is expected to be learned ultimately for regulations for the country’s digital assets sector. Although focus on encryption companies, the program is also open to startups that work on unpleasant financial innovations.

The launch of Sandbox comes amid the growing Crypto and Stablecoin activity in the Philippines. Circle, USDC source, recently Share with GCashThe most used digital portfolio, to integrate USDC into about 100 million users.

It is noted that the integration of GCash is worthy of observation as the company looks at a possible public list. in FebruaryErnest Cu, CEO of Globe Telecom, confirmed that GCash’s general subscription is still under study, although a schedule has not been determined.

How Southern Koreans pump encryption prices

The financial organizers in South Korea referred a group of suspected individuals Treating encryption prices For prosecutors with a new tactic disclosure.

In a joint statement On April 16, the Financial Services Committee (FSC) and the Financial Supervision Service (FSS) said that the tactics take advantage of the basic features of the encryption market, such as multi -clock trading and approximation lists throughout the week, to amplify the prices of some symbols.

The first, which is called “Racehorms At X Hour”, includes major purchases from the front before or after resetting the daily proportions to change the price. Depending on the platform, local exchanges are often reset at 00:00, 09:00, or 11:00. The suspects manipulated the prices of the distinctive symbol pumping by collecting large quantities of encrypted currency, then immersed the market with fast fire purchase orders of up to two per second over 20 to 30 minutes, creating an illusion of purchasing momentum and jungle in retail stores.

The second method, known locally as “pumping the cage”, benefits from the situations where deposits or withdrawals are suspended from the distinctive symbol due to investment warnings. This reduces arbitration opportunities and restricts liquidity, allowing bad actors to implement manipulation deals to raise prices on one stock. The storms then create a false sense of demand, which tempts other merchants to buy before prices collapsed in the end.

“During the manipulation periods, the affected symbols rose to ten times in one exchange compared to others, only to decrease again once the activity ends,” the organizers said, and they urged retail investors to be cautious about sharp price movements.

Such manipulation in the market is a violation in a local shadow EncryptionCriminal penalties for at least a year in prison or fines ranging from three to five times the unlawful profit.