Shanghai authorities have arrested 11 individuals connected to money laundering through crypto wallets, revealing a significant crackdown on financial fraud in China.
The investigation underscores vulnerabilities in financial platforms, prompting a renewed focus on securing virtual accounts against misuse and enhancing regulatory measures.
Ethereum is currently priced at 2,442.23 USD, with a market cap of 294.85 billion USD. Despite a recent dip of 2.86%, the coin has gained 35.63% over the past week, reflecting investor confidence.
Leave a Reply