The U.S. Department of Justice announced that 31-year-old Chinese national Liao Fei was sentenced to 40 months in prison for involvement in cryptocurrency investment scams and money laundering. He is also required to pay back over $2.3 million and compensate victims with $2.8 million. He and his accomplices carried out the so-called "pig-butchering" scams through shell companies.

Beijing man Su Jingliang was sentenced to 46 months in prison for participating in "pig-butchering" telecom fraud and money laundering, and was ordered to pay $26.87 million in compensation. He lured victims through social media to invest in fake cryptocurrencies, with funds flowing into accounts of multiple shell companies in the United States, then converted into stablecoin USDT and sent to Southeast Asian scam dens.

Gate News Bot message, January 20th, according to CoinMarketCap data, as of press time, SHELL (MyShell) is reported at $0.06, up 18.49% in the past 24 hours, with a high of $0.06 and a low of $0.04. The current market capitalization is approximately $17.9 million, an increase of $2.8 million compared to yesterday.

Foresight News Report, according to GMGN market data, PsyopAnime's market capitalization has surpassed $25 million, currently at $26.28 million, with a 24-hour increase of 5604%. Foresight News narrative note, X user PsyopAnime is a manga clip creator specializing in psyops. The creator uses scenes from anime such as "One Piece" and "Ghost in the Shell" as expressive media to reconstruct and comment on real-world political issues.

BlockBeats News, January 8 — Caixin reported details of Chen Zhi's assets within China. The report states that he holds a 17.78% stake in Xiamen Jueshi Wushen Interactive Technology Co., Ltd., a company mainly engaged in mobile game development. He also holds a 70% stake in Chongqing Qusu Wuxian Equity Investment Fund Management Co., Ltd., which has invested in several entertainment technology companies. Chen Zhi was also a controlling shareholder of Jiangmen Dacheng Medical Equipment Co., Ltd., a medical device company, with a shareholding ratio of over 56%. In addition, Chen Zhi is the controlling shareholder of two listed companies in Hong Kong, and owns multiple insurance brokerage firms, securities companies, wealth management companies, and several shell companies with unclear business operations. In December 2018, Chen Zhi took control of Zhihada, and after acquiring a 54.79% stake, he served as the company's chairman and executive director until July 2025.

In 2025, among the top 20 companies holding BTC, China’s Cango and Next Technology Holding rank 16th and 18th respectively. Cango has transformed from auto finance to a Bitcoin mining company, becoming the second-largest mining enterprise globally. Meanwhile, Next Technology is a Nasdaq shell company for a micro-business SaaS platform.

PANews December 24 News, India's Enforcement Directorate (ED) raided a total of 21 residential and office locations across Karnataka, Maharashtra, and New Delhi in a money laundering investigation, uncovering a counterfeit crypto investment platform network. The gang has been operating since 2015, using celebrity portraits and fake trading websites to promise high returns, attracting investors from India and overseas, and laundering funds through crypto wallets, P2P transfers, shell companies, and underground banks. Currently involved websites include goldbooker.com, cryptobrite.com, and others. Authorities have issued investment risk warnings.

The Federal Court of Brazil sentenced 14 individuals to prison for using Bitcoin to launder over $95 million from drug trafficking and kidnapping profits. The mastermind was sentenced to 21 years, while others received sentences ranging from 10 to 17 years. The criminal organization has been operating since 2019, concealing the flow of funds through false identities and shell companies.

PANews, November 19 - According to reports from Wu Shuo, the Ethereum DAT project led by Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng has been suspended, and approximately $200 million in funds that had been raised have been returned. The plan was originally intended to use a Nasdaq shell company structure to initially purchase about $1 billion in ETH, with funding including approximately $200 million from Avenir and about $500 million from Asian institutions. Industry insiders say the suspension may be related to the bear market following the "1011 incident" and the decline in stock prices of several DAT companies. Whether to restart is still uncertain, and related parties have stated that they will prioritize investor interests and continue to observe the market to act accordingly.

PANews, November 19 news, according to the announcement from the U.S. Department of Justice, California man Kunal Mehta admitted to participating in a Crypto Assets fraud ring and pleaded guilty to violating the RICO Act, assisting in Money Laundering of at least $25 million. The group used social engineering techniques to steal $263 million (now estimated at $385 million) worth of crypto assets across the U.S., spending it on luxury expenses such as sports cars, nightclubs, watches, bags, and private jets. Mehta utilized shell companies to purchase and hold LAMB, Rolls Royce, and other luxury cars for the gang to conceal the true identification of his underage accomplices.