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· Michelle De Pacina
2 charged with $230 million cryptocurrency theft used for luxury cars, parties
Malone Lam, 20, and Jeandiel Serrano, 21, were charged on Thursday with stealing over $230 million in cryptocurrency, which they used to fund a lavish lifestyle of international travel, luxury cars, jewelry, nightclubs and high-end rental properties in Los Angeles and Miami,…
· Bryan Ke
Shiba Inu behind ‘Doge’ meme, cryptocurrency diagnosed with cancer
The Shiba Inu behind the viral “Doge” meme has been diagnosed with liver disease and a type of blood cancer, according to her owner Atsuko Sato. In an Instagram post on Monday, Sato announced that her dog, known to her family as Kabosu and to the internet as “Doge,” had stopped…
· Bryan Ke
Hacker streams old Elon Musk interview about cryptocurrency in latest South Korean government YouTube hack
Government of the Republic of Korea, the official YouTube channel of the South Korean government, has been restored following a hacking incident over the weekend, the Ministry of Culture, Sports and Tourism said in a statement on Sunday. "At 3:20 a.m., the channel name and…
· Sarah Yukiko
Scammers steal $3.3 million by pulling rug from under ‘Squid Game’ cryptocurrency investors
Within days of launching, SQUID coin was shuttered and its creators made away with millions, suggesting it was a cryptocurrency scam known as a “rug pull.” Rise in popularity: Although unaffiliated with the hit Korean Netflix show “Squid Game,” the cryptocurrency took advantage…
· Bryan Ke
South Korean professor develops toilet that turns poop into power and cryptocurrency
Cho Jae-weon, a South Korean urban and environmental engineering professor at the Ulsan National Institute of Science and Technology (UNIST), developed an eco-friendly toilet that pays students cryptocurrency and turns feces into fuel. The invention: The BeeVi toilet uses a…
· Stephanie Ngo
Principal Fired After Using School’s Electricity to Secretly Mine Cryptocurrency
A school principal in Hunan province has been fired for creating a cryptocurrency mine operation in the school and raising the building’s electricity bills. Lei Hua, a middle school principal in Chenzhou, purchased more than 10,000 yuan ($1,400) on equipment used to mine…
· Bryan Ke
Thailand’s Largest Movie Theater Brand Now Accepts Cryptocurrency as Payment
Thailand’s largest movie theater chain will now accept bitcoin and other digital currencies as forms of payment to buy tickets or even snacks. Major Cineplex, in partnership with Swiss fintech developer RapidzPay, will establish gateways for customers who prefer to use…
· Bob Wu
17 Most Influential Asian Americans in Blockchain and Cryptocurrency
A VC told me recently that it’s hard for them focus on anything else except for blockchain and crypto companies. Given the excitement around blockchain, digital currencies, bitcoin, and ICOs, I thought it would be interesting to recognize the Asian Americans that are the most…
· Carl Samson
Ex-Rep. Michelle Steel becomes 1st Korean American woman US ambassador to Seoul
The Senate confirmed former Rep. Michelle Steel (R-Calif.) as the next U.S. ambassador to South Korea on June 17, putting a Korean American woman in the post for the first time. How it happened President Donald Trump nominated Steel, 70, in April to fill the ambassadorship,…
· Ryan General
California tax fight spotlights how billionaires escape taxes
As wealthy donors commit at least $35 million to defeating California’s proposed 5% tax on billionaires, the escalating campaign is focusing attention on how much of the nation’s largest fortunes go untaxed each year. The measure would apply to residents whose wealth is largely…
· Ryan General
Do Kwon sentenced to 15 years over Terra collapse
A Manhattan federal judge sentenced Terraform Labs founder Do Kwon to 15 years in prison on Dec. 11 following his guilty plea in the collapse of the Terra cryptocurrency ecosystem. The court cited widespread investor harm tied to the failure of TerraUSD and related tokens in…
· Ryan General
UK jails Chinese ‘cryptoqueen’ after $6.3 billion bitcoin seizure
A London court on Tuesday sentenced 47-year-old Zhimin Qian, dubbed the “cryptoqueen,” to 11 years and eight months in prison for laundering criminal proceeds from a multibillion-dollar investor fraud in China. Police recovered 61,000 bitcoin connected to her with an estimated…
· Carl Samson
Trump pardons Binance founder Changpeng Zhao
President Donald Trump this week pardoned Changpeng Zhao, the convicted Binance founder whose company provides infrastructure for the Trump family’s cryptocurrency ventures, prompting questions about potential conflicts of interest given the president’s substantial digital asset…
· Ryan General
Eric Trump gets tossed from sumo ring in Japan
Eric Trump, son of President Donald Trump, was hoisted and spun out of a sumo ring by a grand champion in Tokyo on Sept. 1, in a staged stunt that coincided with his trip for a shareholder meeting of Metaplanet, the Japanese cryptocurrency firm he advises. That same day, the…
· Carl Samson
Trump nominates another Asian American lawyer for appellate bench
President Donald Trump has nominated Eric Tung, a Jones Day partner based in Los Angeles, for a seat on the U.S. Court of Appeals for the Ninth Circuit, becoming his seventh AAPI appellate appointee if confirmed. What you need to know Tung, a former federal prosecutor and…
· Ryan General
Crypto entrepreneur buys $6 million duct-taped banana — and plans to either eat it or send it to space
Justin Sun, founder of the Tron blockchain and cryptocurrency, purchased Maurizio Cattelan’s controversial artwork “Comedian” for $6.2 million at a Sotheby’s auction on Wednesday. The artwork, featuring a banana duct-taped to a wall, previously sold for between $120,000 and…
· Michelle De Pacina
How a 20-year-old Singaporean man stole over $230 million in crypto
Malone Lam, a 20-year-old Singaporean man who was previously arrested by the FBI over a conspiracy to steal and launder money, appeared in court on Oct. 23, with both prosecution and defense requesting 60 days to negotiate a plea deal to avoid a trial. Lam and his…
· Carl Samson
Red-baiting allegations raised as fierce fight for Orange-LA county seat heats up
As the race to represent California’s 45th district between incumbent Michelle Steel and challenger Derek Tran intensifies, claims of the other being tied to China are sparking outrage and accusations of red-baiting. Driving the news: The competition is tight. A poll…
· Carl Samson
Hong Kong police bust love scam that duped victims out of $46 million using deepfakes
Hong Kong police dismantled a cross-border fraud syndicate that allegedly used deepfake technology to swindle over $46 million from victims across Asia through cryptocurrency romance scams. With 27 individuals arrested, the bust includes one of the largest fraud centers ever…
· Ryan General
‘The Influencer’ winner loses prize money after allegedly leaking win
South Korean YouTuber Oh Byeong-min, better known as Oking, was disqualified from receiving his 300 million won ($225,300) prize money after winning Netflix reality show “The Influencer.” The 30-year-old content creator was accused of disclosing his victory to others in January,…