Mingxing Xu, also known as Star Xu, the founder of OKEx, has been reportedly questioned by authorities previous to OKEx suspending cryptocurrency withdrawals. It has been reported that he was investigated “at least a week ago” and has also been absent from work for some time. However, when approached for comment on Xu’s participation in a police inquiry, OKEx said that the exchange is no longer affiliated with OK Group, where Xu is a senior executive, and therefore was not in

A 36-year-old Indian man Nishad, who is from the Malappuram district of the south Indian state of Kerala, has been arrested on charges of operating a cryptocurrency scam. It has been reported that Nishad has been charged under the Prize Chits and Money Circulation Schemes (Banning) Act by the district police chief U Abdul Karim. However, a team led by police inspector P Vishnu seized several documents from Nishad’s house and alleged that he has duped thousands of people from

Rossen Iossifov, a Bulgarian national and owner of the ‘RG Coins’ cryptocurrency exchange, has been convicted of providing money-laundering services as part of a transnational auction fraud scheme. It has been reported that after a two-week trial, Iossifov was found guilty by a federal jury in Frankfort, Kentucky, of conspiracy to commit money laundering and conspiracy to commit racketeering. However, the Kentucky resident will face sentencing on January 12, 2021. The report

Malaysian police arrested four cryptocurrency mining operators after discovering that they were stealing electricity from Sarawak Energy Berhad (SEB), a state-owned power firm. It has been reported by Malay Mail that authorities spent two days cracking down on four shophouses, believed to be housing cryptocurrency mining centers, as the shophouses were located in the cities of Jalan Tun Ahmad Zaidi Adruce, Jalan Pahlawan and Jalan Tunku Abdul Rahman. However, according to the