New Zealand authorities have arrested 13 individuals in a $265 million cryptocurrency fraud case, including a man from Wellington who was indicted under U.S. racketeering laws, according to Cointelegr...

New Zealand authorities have arrested 13 individuals in a $265 million cryptocurrency fraud case, including a man from Wellington who was indicted under U.S. racketeering laws, according to Cointelegraph. The arrests came after police executed search warrants over three days in Auckland, Wellington and California.

The U.S. Department of Justice (DOJ) charged the Wellington man with racketeering, conspiracy to commit wire fraud and conspiracy to commit money laundering. Prosecutors say the stolen funds were used to buy $9 million in luxury cars and to spend lavishly on designer goods and premium services in cities such as Los Angeles, Miami and the Hamptons.

New Zealand police arrest key suspect in $265M crypto fraud

Original Author | Keegan Xiaogang Original Link:
My First Web3 Startup: From Building a DEX Team to a Funding Crisis. Disclaimer: This article is a reprint. Wu Blockchain has been authorized by the author to reprint it. Readers can obtain more information through the original link. This reprint is for informational purposes only and does not constitute any investment advice, nor does it represent Wu Blockchain views or positions.
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I reviewed the technical content I've shared over the past few years and clarified my future direction: no longer focusing solely on "explaining the technology," but rather hoping to adopt a Builder's perspective, reviewing past projects I've worked on...

My first startup on Web3: From high morale to funding shortage and project dissolution

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