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Foresight News reported, according to The Paper, that Xunlei has filed a lawsuit against former CEO Chen Lei and his core team, accusing them of harming the company's interests and seeking compensation of up to 200 million yuan. The case has already been accepted and filed by the relevant court in Shenzhen. Chen Lei, through former Xunlei Senior Vice President Dong Xue, recruited acquaintances and close friends into key company positions, and used illegal means such as fabricating transaction processes and drafting fake contracts to embezzle company funds, involving a huge amount of money. The new management team has already cleaned up and adjusted related businesses and personnel within Xunlei. In addition, Chen Lei is also suspected of misappropriating tens of millions of company funds for illegal cryptocurrency speculation, which is explicitly prohibited by the state. In 2014, Chen Lei joined Xunlei as Chief Technology Officer and was promoted to CEO in 2017. In 2020, Xunlei dismissed him on suspicion of embezzlement. Subsequently, the Shenzhen Public Security Bureau launched a criminal investigation into Chen Lei and others for suspected embezzlement. To evade investigation, Chen Lei and former Xunlei Senior Vice President Dong Xue have already left the country.

PANews, January 15 – According to Digital Asset, the South Korean National Assembly has voted to pass amendments to the Capital Markets Act and the Electronic Securities Act, marking the official establishment of a framework for the issuance and circulation of security tokens (STO) in the country, nearly three years after the financial regulatory authorities released relevant guidelines. The core content of the amendments includes the introduction of the distributed ledger concept, allowing eligible issuers to directly issue and manage tokenized securities through electronic registration, as well as the creation of a new "Issuance Account Management Institution." In addition, atypical securities such as investment contract securities will also be brought under the supervision of the Capital Markets Act, and a new over-the-counter (OTC) brokerage business will allow their circulation in the OTC market. The revised Capital Markets Act will take effect from the date of its promulgation. However, provisions related to investment solicitation guidelines will take effect six months after promulgation, and provisions related to OTC trading will take effect one year after promulgation.

Infinex posted on platform X that the public offering has ended. A total of 868 participants took part in this sale, raising 7.214 million USDC, allocating about 5 million USD (accounting for 5% of the INX supply), and refunding about 2.21 million USD. After identifying and removing about 1.2 million USD from witch addresses, the maximum allocation per participant was 245,000 USD, with 99.5% of participants receiving full allocation. Refunds have now been issued to users' Infinex accounts. In addition, the TGE will take place on January 30.