Victims of the alleged “Hong Kong’s FTX” are targeting $29 million seized by police, while central bankers criticize stablecoins and cryptocurrency scammers are arrested in connection with a luxury condominium. The individuals affected by the Hong Kong-based crypto exchange, which has drawn comparisons to the collapsed FTX exchange, are pursuing legal action to recover their funds. Meanwhile, central bankers have expressed concerns over the stability and risks associated with stablecoins. In a separate incident, authorities have apprehended cryptocurrency scammers involved in a scheme related to a high-end condominium.
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