Chinese | Crypto

WorldClaw accepts World Liberty’s USD1 stablecoin while offering AI models from Chinese companies facing U.S. national security restrictions.

Bitcoin Red Team member Calle said Chinese models, including Moonshot AI’s Kimi K3, are finding bugs across Bitcoin’s open-source software.

The Bitcoin Red Team has been forced to rely on open source Chinese AI, after OpenAI restricted access. Thailand sets crypto tax to 0% in bid to become crypto hub. THAILAND For the next few years crypto investors in Thailand won’t have to pay any capital gains taxes on sales made via platforms licensed by Thailand’s Securities and Exchange Commission. The exemption is for five years and covers the period of January 1 2025, through to December 31 2029. The scheme aims to boost Thailand’s attractiveness as a regional crypto hub, and it’s already home to a growing community of crypto digital nomads However trades on unlicensed or overseas exchanges will still face standard personal tax rates as high as 38%. The exemption aligns the tax treatment of crypto with capital gains from traditional securities in the country. Thailand previously waved 7% value added tax on crypto gains in early 2024. Read more

Bitcoin Red Team has now found 1,288 critical and high-level vulnerabilities in the Bitcoin ecosystem as of Saturday. A Bitcoin security researcher says he has been forced to go back to using open-source Chinese AI models after finding himself restricted from analyzing further codebases by OpenAI, highlighting a growing concern that the most capable AI tools aren’t being made available to defenders.  In an X post on Tuesday, AnchorWatch CEO Rob Hamilton said he had begun integrating OpenAI’s Trust & Cyber capabilities into his Bitcoin Red Team work on Saturday, only to find his access restricted the following morning.  “It absolutely guts me as a patriotic American to have to do this, but I will be going back to using Chinese open source models to conduct my research to protect Bitcoin infrastructure,” he added.  Read more

China Business Journal says fraudsters impersonated the publication, demanding Bitcoin to suppress purported investigative reports about targeted companies. China Business Journal, a state-affiliated newspaper, has warned that fraudsters have been impersonating the publication to extort companies by demanding Bitcoin in exchange for suppressing damaging reports. In a statement issued Thursday, the newspaper said scammers used a Proton Mail address to contact businesses, falsely claiming they had uncovered negative information through undercover investigations and threatening to publish the material unless paid in Bitcoin. The publication said the emails were unauthorized and that the scheme appeared to constitute fraud. Read more

Man in eastern China who stole 107 Bitcoin using a memorized seed phrase gets 10 years and nine months behind bars. A court in the eastern Chinese city of Qingdao sentenced a man to 10 years and nine months in prison for stealing 107 Bitcoin after memorizing most of a victim’s 12-word wallet seed phrase. The Licang District People's Court sentenced the perpetrator, identified as Zhang, to prison and fined him 100,000 yuan (about $14,700) after finding he took control of the victim’s wallet and later cashed out more than $97,000, according to the case summary published by the Supreme People’s Procuratorate’s official WeChat account. Feng asked Zhang, an acquaintance who had previously helped with Bitcoin transactions, to assist in cashing out 117 Bitcoin in July 2023. While Feng wrote down the wallet’s 12-word recovery phrase during setup, Zhang memorized 11 of them and later reconstructed the final word to transfer 107 Bitcoin. Read more

The White House’s office of technology policy said that foreign entities are using proxy accounts and jailbreaking techniques to distill capabilities from American AI models. The Trump administration has unveiled plans to combat “industrial-scale campaigns” by Chinese-based entities to copy AI technology developed by US companies.  In a statement on Thursday, the assistant to the president for the White House Office of Science and Technology Policy, Michael J. Kratsios, said the government has "information" indicating that foreign entities — primarily based in China — are deliberately targeting major US AI firms to distill their AI models. "Models developed from surreptitious, unauthorized distillation campaigns like this do not replicate the full performance of the original. They do, however, enable foreign actors to release products that appear to perform comparably on select benchmarks at a fraction of the cost," Kratsios said. Read more

The researcher said they examined the fake Ledger device’s firmware and found signs pointing to a Chinese semiconductor company named Espressif Systems. A Brazilian security researcher has warned others of the latest counterfeit Ledger device scam aimed at stealing users’ crypto. Posting as “Past_Computer2901” on the “ledgerwallet” Reddit channel on Thursday, the security researcher said they purchased what they thought was a legitimate Ledger device for personal use, but soon realized after it arrived that it was a sophisticated counterfeit aimed at stealing user funds.  “This isn't meant to cause panic, but rather to serve as a serious warning — I’m honestly still a bit shaken by the sheer scale of this operation,” they said.  Read more

Chinese investors defrauded in the Zhimin Qian case are asking the UK High Court to reject a redress plan for 61,000 seized Bitcoin, saying it could deprive them of the assets’ gains. Victims of a Chinese investment fraud are challenging a United Kingdom proposal to compensate them through a Chinese redress scheme, arguing the plan could leave British authorities holding much of the upside from roughly 61,000 Bitcoin seized in a money-laundering investigation. According to the Financial Times, citing court documents, the dispute has moved into the UK High Court as groups representing victims seek to recover funds linked to the cryptocurrency seized by police in London. The Bitcoin (BTC) haul is now worth about 3.2 billion pounds ($4.3 billion) after rising sharply in value since the assets were confiscated. Law firm Candey, which represents about 5,700 victims, said the proposed compensation arrangement may not guarantee fair restitution. The fraud scheme itself reportedly affected more than 128,000 investors...

Dominari Securities, tied to Eric Trump and Donald Trump Jr., is among the brokerages named in the congressional probe. US lawmakers have launched an investigation into several Wall Street underwriters, including Dominari Securities, whose parent company is linked to the Trump family, over their role in bringing Chinese companies to US stock markets that were later tied to stock manipulation schemes. On Monday, the House of Representatives Select Committee on China, chaired by Representative John Moolenaar with Rep. Ro Khanna as ranking member, sent letters to three US companies — D. Boral Capital, Dominari Securities and Revere Securities — seeking information about Chinese initial public offerings (IPOs) they helped underwrite. “These scam centers defraud American households through coordinated “ramp-and-dump” stock manipulation schemes involving Chinese shell companies listed on American exchanges, which your firm appears to facilitate,” the lawmakers wrote. Read more

The seizures and freezing over three months were conducted by the District of Columbia’s Scam Center Strike Force, established by US Attorney Jeanine Pirro in November. Officials with the US Department of Justice reported “freezing, seizing, and forfeiting” more than $578 million worth of digital assets tied to criminal groups as part of a task force’s efforts targeting “Southeast Asian cryptocurrency-related fraud and scams.” In a Thursday notice, the Justice Department said the frozen and seized crypto had been “stolen by Chinese transnational criminal organizations” using websites and social media platforms to target US residents. The actions were taken by the District of Columbia’s Scam Center Strike Force, established by former Fox News host, now US Attorney Jeanine Pirro in November.  “Seizures of cryptocurrency is one important part of the Scam Center Strike Force’s work,” said Pirro. “Through the legal process, my Office will seek to forfeit these funds and return them to victims to the maximum extent...

Viral “U cards” are quietly onboarding Chinese users to crypto, and the digital yuan can now earn depositors interest at banks. Asia Express. Stablecoins are finding an indirect path into China via payment cards going viral on social media. Locally referred to as U cards, overseas Visa or Mastercards linked to stablecoin balances such as USDT, have surged in popularity on Chinese social platform Xiaohongshu, also known as Little Red Book. Posts explain how to obtain the cards with ease and use them for everyday overseas payments, such as subscriptions to services. Such cards allow users to spend dollar-denominated stablecoins while merchants receive fiat currency, meaning Chinese businesses never directly touch crypto. Conversion is handled by overseas banks or licensed payment institutions, placing the transaction outside Chinas domestic financial rails. Read more

The House’s new fiscal 2026 defense bill directs the Pentagon to develop options to impose costs on state-backed hackers who target defense-critical infrastructure in cyberspace. Section 1543 of the chamber’s amendment orders the Under Secretary of Defense for Policy and the Chairman of the Joint Chiefs of Staff, highlighted by Jason Lowery, in consultation with […] The post Has Congress quietly forced the Department of War to use Bitcoin to bankrupt Chinese hackers? appeared first on CryptoSlate.

The bond was auctioned off to holders of the digital yuan, a central bank digital currency (CBDC) developed by the Chinese government. Hua Xia Bank, a publicly traded financial institution linked to China’s government, issued 4.5 billion yuan ($600 million) in tokenized bonds on Wednesday, aiming to reduce clearing friction by removing intermediaries from the auction process. According to Sina, the onchain government bonds were issued by Hua Xia Financial Leasing, a subsidiary of Hua Xia Bank, a state-controlled commercial bank in China. The bonds offered a three-year fixed yield of 1.84% to holders. The $600 million bond tranche was auctioned off exclusively to holders of China’s digital renminbi, also known as the digital yuan. Read more

The U.S. is probing how Chinese operators used AI in a cyber-espionage campaign as experts warn similar tools could hit on-chain finance.

Chinese state-sponsored hackers exploited Anthropic Claude Code AI in the world’s first largely autonomous cyber-espionage campaign, proving that machine agents can now run sprawling digital attacks with only minimal human input. Anthropic and the AI alarm bell The alarm rang in mid-September at Anthropic, but this was no ordinary network blip. As Anthropic’s threat team […] The post How Anthropic stopped AI agents working for Chinese state-sponsored spy campaign appeared first on CryptoSlate.

Ant Group and JD.com have paused their stablecoin initiatives in Hong Kong after Beijing regulators raised concerns over private firms issuing digital currencies. Chinese technology giants, including Ant Group and JD.com, have reportedly suspended plans to issue stablecoins in Hong Kong after regulators in Beijing voiced concerns over privately controlled digital currencies. The companies were instructed by the People’s Bank of China (PBoC) and the Cyberspace Administration of China (CAC) to pause these initiatives, the Financial Times reported on Sunday, citing sources familiar with the matter. “The real regulatory concern is, who has the ultimate right of coinage — the central bank or any private companies on the market?” one source familiar with the discussions told the FT. Read more

The US government is moving to seize 127,271 Bitcoin worth about $14.2 billion, which investigators say was generated through a cross-border “pig butchering” scam operated by Chinese national Chen Zhi. If completed, the Bitcoin should be added to the U.S.’s Strategic Bitcoin Reserve according to the terms of Trump’s Executive Order issued earlier this year. […] The post US to add $14 billion BTC to Strategic Bitcoin Reserve seized from Chinese scammer appeared first on CryptoSlate.

Thailand’s SEC probes a major mystery crypto hack hidden for years. Chinese property developer turns back to blockchain. Asia Express. Thailands Securities and Exchange Commission (SEC) said it is reviewing reports circulating on social media that claim a major local cryptocurrency exchange was hacked. On Sunday, Thai social media channel The Big Secret posted an image of what it described as an internal document detailing a large-scale breach. The document, which has not been verified, had its date and related blockchain addresses redacted. Following the post, several exchanges issued statements assuring customers that their assets remain safe. The exchange allegedly involved has not been publicly identified. Read more

Thailand’s SEC probes a major mystery crypto hack hidden for years. Chinese property developer turns back to blockchain. Asia Express. Thailands Securities and Exchange Commission (SEC) said it is reviewing reports circulating on social media that claim a major local cryptocurrency exchange was hacked. On Sunday, Thai social media channel The Big Secret posted an image of what it described as an internal document detailing a large-scale breach. The document, which has not been verified, had its date and related blockchain addresses redacted. Following the post, several exchanges issued statements assuring customers that their assets remain safe. The exchange allegedly involved has not been publicly identified. Read more