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02:34
Thailand Issues Arrest Warrant for Chinese Businessman Wang Yicheng, Accusing Him of Money Laundering Through Illegal Cryptocurrency Mining
BlockBeats News, June 28th, the Thai Department of Special Investigation (DSI) recently issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of being part of a criminal organization. The organization is suspected of using illegal cryptocurrency mining to launder money obtained from fraud and online gambling. Wang Yicheng, a former leader of the Thai-Chinese Trade Association, has been identified as a key figure in the implicated Chinese investor group. Previously, a 2023 Reuters investigation focused on him, revealing that a U.S. blockchain analytics company had identified cryptocurrency wallets linked to fraudulent activities that had transferred millions of dollars to accounts under Wang Yicheng's name. During the same period, he was actively cultivating relationships with Thailand's political and law enforcement elite. A spokesperson for the Thai Department of Special Investigation stated that Wang Yicheng was charged with theft and violation of the Computer Crimes Act in November last year and is believed to have fled Thailand. Authorities are now working with international partners to locate him. Additionally, Thai authorities have simultaneously issued arrest warrants for 4 unnamed Chinese individuals and 4 Burmese individuals.
02:09
Data: Jeffrey Huang sold several Bored Ape NFTs at a loss of 399 ETH, raised funds to long ETH but was liquidated multiple times
ChainCatcher reports, according to Lookonchain monitoring, Machi (Jeff Huang) is selling Bored Ape at a loss to raise funds for longing ETH on Hyperliquid. In the past month, Machi sold 34 Bored Ape, totaling 326 ETH (approximately $514,000), incurring a loss of 399 ETH (approximately $631,000). Jeff Huang’s biggest loss occurred with Bored Ape #6057, which he bought four years ago for 76.84 ETH but has now sold for only 7.65 ETH, suffering a loss of as much as 90%. Meanwhile, Jeff Huang has been force-liquidated multiple times on Hyperliquid. Just 3 hours ago, he was force-liquidated again, with only $81,000 remaining in his account.
02:04
Machibigbrother suffers another liquidation on Hyperliquid long positions; sells 34 BAYC at a $6.31 million loss
According to Odaily, based on monitoring by Lookonchain, Machi Big Brother (@machibigbrother) sold 34 Bored Ape Yacht Club NFTs for 326 ETH (5.14 million USD) over the past month, incurring a loss of 399 ETH (6.31 million USD). Among them, Bored Ape #6057 was purchased four years ago for 76.84 ETH and recently sold for 7.65 ETH, resulting in a loss of 90%. During the same period, his ETH long positions on Hyperliquid were liquidated multiple times, and three hours ago, after the latest liquidation, his account balance dropped to 81,000 USD.
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