Recently, Chinese national Tong Moumou was arrested on suspicion of money laundering for drug traffickers. The police found that he illegally bought and sold foreign exchange through "mirror trading" amounting to 16 million RMB, and instructed personnel to trade virtual currencies in exchange for US dollars. China and the United States have reached a consensus on strengthening anti-money laundering cooperation.

Gate News Bot Message, December 19th, according to CoinMarketCap data, HOLO (Holoworld AI) is currently trading at $0.07, up 12.50% in the past 24 hours, with a high of $0.08 and a low of $0.06. The 24-hour trading volume reached $29.8 million. The current market capitalization is approximately $23.7 million, an increase of $2.63 million from yesterday. Holoworld is an intelligent agent application store dedicated to empowering creators, developers, and AI researchers, fostering an open economy for cultural generation. Users can create, operate, and fund intelligent agent applications and IP on the platform. Core platform features include: Ava Studio, an AI-native creative studio supporting video generation from text, allowing users to craft personalized virtual characters and choreograph scenes; HoloLau

ChainCatcher reports that, according to CriptoNoticias, Argentine authorities have successfully dismantled a large-scale fraud and money laundering case involving cryptocurrencies, with the amount involved exceeding 1.8 trillion Argentine pesos (approximately $1.2 billion USD). The main victims are agricultural enterprises. The criminal organization opened accounts at banks by forging documents, obtained loans, and immediately transferred the funds to cryptocurrency trading platforms, then converted them into virtual assets and transferred them into digital wallets. To conceal their tracks, the organization used third-party personnel to simulate cryptocurrency arbitrage transactions. Investigations show that the involved individuals were not registered in the virtual asset service provider registration system required by the Argentine National Securities Commission. The operation was jointly executed by the Argentine National Security Department and the Federal Police, with 8 searches conducted, 3 men arrested, and 2 others notified. During the operation, cash, mobile phones, and storage devices were seized.

ChainCatcher News, there is new progress in the case of the virtual asset trading platform JPEX suspected of fraud, among which three men involved in the case were granted continued bail after appearing in the Eastern District Magistrates' Court today. They are 27-year-old student Yu Guanlin, 30-year-old Huang Zijian, and 30-year-old technician Deng Zhichong. Yu Guanlin is charged with two counts of money laundering involving HKD 7.79 million; his case has been approved for transfer to the District Court and will be heard on January 8, 2024. Huang Zijian is charged with obstructing justice, accused of conspiring with a person known as "Lu Ge" in September 2023 to dispose of items inside a premises on Cheung Sha Wan Qing Shan Road to hinder authorities' investigation. Deng Zhichong faces charges of obstructing justice and money laundering, involving the disposal of documents related to items inside a unit at Star House, Cheung Sha Wan, on September 28, 2023, as well as handling approximately HKD 880,000 in cash and two Rolex watches valued at about HKD 240,000. Huang

Gate News Bot Message, December 18th, according to CoinMarketCap data, as of press time, BEAT (Audiera) is currently priced at $2.75, up 37.78% in the past 24 hours, with a high of $3.38 and a low of $1.27. The 24-hour trading volume reached $112 million. The current market cap is approximately $441 million, an increase of $121 million from yesterday. Audiera is a Web3 ecosystem platform that integrates dApp, NFT creation, and staking mining. It combines AI virtual idol agents Kira and Ray, aiming to create a metaverse ecosystem that combines dance social networking and fitness. Users can connect their wallets to dance and mine on the Groove platform, earn double rewards by dancing and exercising on FitMat, and participate in NFT minting and staking for profit. ## BEAT近

This article summarizes cryptocurrency news as of December 17, 2025, including the latest updates on Bitcoin, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. Solana launches quantum-resistant upgrade, deploying quantum digital signatures on the testnet; 2. Hong Kong Securities and Futures Commission releases quarterly report: Q3 virtual asset spot ETF total market value reaches $920 million, up 217%; 3. The battle for the Federal Reserve Chair candidate intensifies: Trump advocates for interest rate cuts, Waller enters the shortlist.

PANews December 17 News, at SIGGRAPH Asia 2025, a top academic conference on graphics held in Hong Kong, Mooresoft Thread won the Silver Award in the 3D Gaussian Splatting Reconstruction Challenge (3DGS Reconstruction Challenge) with its self-developed technology LiteGS. LiteGS significantly improves training efficiency and quality through hardware-software co-optimization, setting a performance benchmark. Mooresoft Thread announced that the LiteGS core library has been fully open-sourced on the GitHub platform, supporting open collaboration in 3D reconstruction and rendering technologies. As a revolutionary graphics rendering technology, 3DGS demonstrates great potential in fields such as autonomous driving and virtual reality. Mooresoft Thread will continue to deepen the integration of graphics and AI technologies, promoting industry technological progress and ecological development. Previous news, Star responded

The Hong Kong Securities and Futures Commission released the Q3 2025 report, stating that the total market value of virtual asset spot ETFs reached $920 million, a 217% increase. The assets under management for 5 tokenized money market funds grew to $692 million, a 391% increase. The SFC confirmed the stamp duty exemption for tokenized ETFs to promote market trading and expand access. Licenses have been issued to 11 trading platforms, and license applications from 8 applicants are under review.

ChainCatcher News reports that there has been a new development in the virtual assets trading platform JPEX fraud case, as reported by Hong Kong Economic Daily. Eight defendants have been charged with multiple offenses, and the case has been adjourned to March 16, 2026, for a re-trial. The eight defendants are reportedly former TVB artists Zheng Junxi (31), Xiao Yingqian (28), Lam Jok (35), internet celebrity “Chen Yi” Chen Yingyi (38), Qu Zhuoji (31), Zhao Jingxian (25), YouTuber “Xiang Xiang” Liang Qixiang (31), and He Jiwen (28). Charges include conspiracy to defraud, fraud, inducing others to invest in virtual assets with deception or recklessness, and handling property known or believed to represent proceeds of crime. Except for Zheng Junxi, who applied for bail, the other seven defendants were granted continued bail under their original conditions, during which...

BlockBeats News, December 15 — Kong Jianping, co-chairman of the board of directors of original Canaan Creative, now founder and chairman of Nano Labs, cited his previous tweet "Bitcoin mining farms in Xinjiang are gradually shutting down" to indicate that, considering the recent decline in Bitcoin hash rate, at an average of 250T (hash rate per machine), at least 400,000 Bitcoin mining machines have shut down recently. Previously, according to F2pool data, the total network hash rate of Bitcoin was reported at 988.49EH/s, a 17.25% decrease compared to the same time last week. Notably, foreign media reported in November that Bitcoin mining activities in Xinjiang and other regions of China have become active again. By the end of October 2025, China’s Bitcoin mining hash rate share had rebounded to about 14% (the third largest in the world). Subsequently, on the 28th, the People's Bank of China, led by thirteen departments, launched a campaign to crack down on virtual currency trading and speculation.

Yuzhi Financial's virtual asset trading app "HSEX" cannot process withdrawals normally, requiring users to pay a 20% self-certification deposit and increase withdrawal fees. Financial institutions in multiple regions have issued risk alerts, warning investors to stay vigilant against high-yield temptations and to prevent illegal financial risks.

World announces its app has received a major upgrade. The new version introduces encrypted chat, virtual accounts, and support for encrypted payments with over 100 assets, officially moving towards a “super app” that combines identity verification and global payments. Led by Sam Altman, the core goal of the project is to provide users with reliable human verification tools in an era of rapid AI technological development. According to the official announcement, this upgrade allows users to send, recharge, and withdraw cryptocurrencies within the World wallet and virtual accounts, experiencing a convenient payment process similar to Venmo. The new app supports USDC, EURC, wrapped Bitcoin, Ethereum, and over 100 other cryptocurrencies, covering a broader crypto asset ecosystem.

ChainCatcher News, recently, Ms. Yu and her husband transferred 250 RMB as pocket money via China Construction Bank, with the note "This week's Dogecoin." The bank investigated and froze their accounts. Both received calls from CCB staff, verifying their relationship and the reason for the transfer note, which triggered "virtual currency control," and their accounts were set to a "no deposit, no withdrawal" status. The account opening staff told Ms. Yu that to unfreeze the account, she needed to submit her husband's bank statements from the past few months. After approval, she would need to write a letter of commitment, promising that previous transactions were not virtual currency dealings and that they would not participate in virtual currency trading in the future. Her husband strongly opposed the account restrictions and is negotiating with the bank staff. In response, China News Weekly called the China Construction Bank customer service hotline for inquiries. The staff said they have not received any information regarding virtual currency control and recommended consulting the relevant branch for specific details. Subsequently, China News Weekly inquired

Decentralized Biometric Authentication Project World Releases New Version with End-to-End Encrypted Chat and Venmo-like Cryptocurrency Send/Receive Features. This super app aims to enhance user authentication security and allows users to conduct cryptocurrency transactions directly through virtual bank accounts.

Gate News Bot message, December 11th, according to CoinMarketCap data, at the time of press, BEAT (Audiera) is currently priced at $1.70, up 32.10% in the past 24 hours, with a high of $2.02 and a low of $0.98. The current market cap is approximately $273 million, an increase of $64.4 million from yesterday. Audiera is an innovative Web3 platform that combines dance and blockchain, inheriting 20 years of dance cultural heritage and boasting a community of 5.6 million dancers. The platform offers an experience through the Groove app without the need for downloads, allowing users to connect their wallets and interact with AI virtual idols Kira and Ray. Audiera supports earning rewards through dancing, providing features such as dApp, NFT creation, staking, and mining, leading a new era of dance and virtual integration. ## BEAT recent

The Indian government is enhancing cryptocurrency enforcement training to address the complexities of crypto financial crimes, covering multiple agencies, focusing on technologies such as blockchain forensics and asset seizure, aiming to enhance the capabilities of law enforcement officers in dealing with virtual digital asset crimes.

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, HYPER (Hyperlane) is now trading at $0.16, up 20.35% in 24 hours, reaching a high of $0.18 and a low of $0.13, with a 24-hour trading volume of $8.49 million. The current market capitalization is approximately $32 million, an increase of $5.41 million from yesterday. Hyperlane is an open blockchain interoperability framework that provides developers with production-ready infrastructure to pass arbitrary data across hundreds of chains and virtual machines. The protocol supports 7 virtual machines (including EVM, Solana VM, Cosmos SDK, etc.), covers more than 130 public chains, and has securely verified more than $1 billion in cross-chain asset transfers. Hyperlane adopts modular,

PANews, December 9—According to the official website of the Hong Kong Securities and Futures Commission (SFC), 9M AI Group Inc. / 9M AI has been listed as a "suspicious virtual asset trading platform." The company is not licensed by the SFC and is suspected of conducting unlicensed activities in Hong Kong and soliciting Hong Kong investors.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, PHA (Phala Network) is trading at $0.05, up 11.21% in the past 24 hours, with a high of $0.05 and a low of $0.04. The 24-hour trading volume reached $36 million. The current market capitalization is approximately $38.1 million, an increase of $3.84 million compared to yesterday. Phala Network is a hardware-secure privacy computing platform focused on building a trusted privacy AI cloud infrastructure. The platform provides confidential computing services protected by TEE (Trusted Execution Environment), including confidential virtual machines, confidential AI models, and GPU TEE products, supporting high-performance AI inference while protecting data privacy. Phala has been used by more than 5,000 users

According to the Indian Ministry of Finance, under anti-money laundering laws, the Enforcement Directorate has seized crypto-related assets worth approximately 41.8989 billion rupees, arrested 29 individuals, and filed 22 lawsuits. Additionally, around 8.8882 billion rupees in undeclared income was discovered. The government is pushing to strengthen the regulation and monitoring of virtual digital assets.

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, SKATE (Skate) is currently priced at $0.01, up 21.04% in the past 24 hours, with a high of $0.03 and a low of $0.01. The 24-hour trading volume reached $2.42 million. The current market cap is approximately $2.92 million, an increase of $508,300 compared to yesterday. Skate is a cross-virtual machine interaction protocol that allows users to interact with applications from any virtual machine while remaining on their preferred virtual machine. The protocol supports multiple virtual machines such as EVM, TVM, and SVM, providing the ability for a single application to run cross-chain. Skate has already integrated with Ethereum, Solana, Aptos, Base, BNB Chain,

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, TAKE (OVERTAKE) is trading at $0.35, up 28.07% in the past 24 hours, reaching a high of $0.36 and a low of $0.27, with a 24-hour trading volume of $45 million. The current market capitalization is approximately $61.9 million, an increase of $1.36 million compared to yesterday. OVERTAKE is a peer-to-peer game asset trading platform on the Sui blockchain, designed for the multi-billion dollar Web2 game asset market. The platform allows players to easily trade in-game items, accounts, and virtual currencies, utilizing a multi-signature smart contract escrow mechanism to ensure secure, low-cost, and instant settlements. OVERTAKE offers a range of features and services, including a P2P trading marketplace, staking and mining, and customizable shops (Take

According to Jinse Finance, Caixin published an article stating that establishing a virtual currency firewall requires strengthening regulation while protecting normal economic and trade activities. Data shows that in 2024, 3,032 people were prosecuted for money laundering crimes involving virtual currencies.

BlockBeats News, December 5 — Today, seven associations including the National Internet Finance Association of China jointly issued a “Risk Warning on Preventing Illegal Activities Involving Virtual Currencies and Other Related Matters.” According to the warning, virtual currencies cannot be used as currency for circulation and use within China, and China’s financial regulatory authorities have not approved any activities related to the tokenization of real-world assets. Relevant institutions are prohibited from conducting any business related to virtual currencies or the tokenization of real-world assets. Previously, on April 13, 2022, the National Internet Finance Association of China had jointly issued an “Initiative on Preventing Financial Risks Related to NFTs,” resolutely curbing the trend of financialization and securitization of NFTs, strictly preventing the risks of illegal financial activities, and consciously adhering to codes of conduct. The joint initiative called on member units not to directly or indirectly invest in NFTs and not to provide financing support for NFT investments. It also prohibited the weakening of NFT attributes by means such as splitting ownership or batch creation.

PANews, December 5—According to Bloomberg, Meta CEO Mark Zuckerberg plans to significantly cut the metaverse business budget, with reductions of up to 30%. Related layoffs could begin as early as January next year. This adjustment will mainly impact the Meta Horizon Worlds virtual world and Quest.

According to Jinse Finance, monitored by SlowMist, on December 1, the decentralized finance protocol Yearn suffered a hacker attack, resulting in a loss of approximately $9 million. The SlowMist security team analyzed the incident and confirmed the root cause as follows: The vulnerability originated from the calcsupply function logic used to calculate supply in the Yearn yETH Weighted Stableswap Pool contract. Due to unsafe mathematical operations, the function allowed overflow and rounding errors during computation, resulting in a significant deviation in the product calculation between the new supply and the virtual balance. Attackers exploited this flaw to manipulate liquidity to specific values and excessively mint liquidity pool (LP) tokens, thereby profiting illegally. It is recommended to enhance boundary scenario testing and adopt securely verified arithmetic mechanisms to prevent similar protocol vulnerabilities.

Jinse Finance reported that Meta Platforms (META.US) CEO Mark Zuckerberg is expected to significantly reduce resource investment in building the metaverse, a strategy he once defined as the company’s future and which prompted the rebranding of Facebook. According to sources familiar with the matter, management has discussed cutting next year’s metaverse division budget by as much as 30%. This division covers virtual world product Meta Horizon Worlds and its Quest virtual reality business. If such a substantial reduction is implemented, layoffs could begin as early as January next year, though no final decision has been made yet. Sources said the proposed metaverse cuts are part of the company’s 2026 budget planning. They added that Zuckerberg has asked Meta executives to seek an overall 10% budget cut, a standard requirement in similar budget cycles over the past few years.

According to Gate News Bot on December 4, citing CoinMarketCap data, as of press time, BEAT (Audiera) is currently trading at $1.12, up 29.40% in 24 hours, reaching a high of $1.15 and a low of $0.67. The current market capitalization is approximately $181 million, an increase of $41 million from yesterday. Audiera is an innovative platform that combines AI, Web3, and dance. The project has a 20-year dance legacy, bringing together the memories of 560 million dancers, and has now been reborn on the blockchain. Audiera provides users with a dance experience without the need to download anything, through AI idol agents Kira and Ray. Users can simply connect their wallet to enter this new era. The platform also offers a dance experience that combines virtual and real worlds, allowing users to dance on a fitness mat and earn

According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, BOB (Build on Bitcoin) is trading at $0.02, up 63.62% in 24 hours, with a high of $0.02 and a low of $0.01. BOB is the gateway to Bitcoin DeFi. BOB's hybrid chain combines Bitcoin’s unparalleled security with Ethereum’s versatility, unlocking real utility for the world's most important asset. BOB offers a one-stop Bitcoin DeFi platform that includes one-click yield, multi-chain BTC DeFi, native BTC enabled by BitVM, the BOB Gateway SDK, and cross-chain swaps. The BOB hybrid chain technology integrates Bitcoin’s security with Ethereum Virtual Machine compatibility, featuring ZK proofs, native BTC bridging, and decentralized finance capabilities.

This week, the U.S. Department of Justice (DOJ) seized the domain tickmilleas.com, which is linked to a large-scale cryptocurrency scam operation in Myanmar. This move demonstrates that the U.S. and international regulators are intensifying their crackdown on cross-border scam networks in Southeast Asia. The website, operated by the Tai Chang Group (also known as Casino Kosai) based in Kyauk Khet, posed as a legitimate trading platform, luring victims to deposit cryptocurrency and displaying fake returns. The DOJ noted that although the domain was only registered in November 2025, the FBI has confirmed that several victims have already been defrauded through the site in the past month, losing their investments. The scam group typically targets victims via social media, dating apps, and instant messaging platforms, establishing virtual intimate relationships before inducing them to make crypto investments through fraudulent platforms.

ChainCatcher news, the Hong Kong Securities and Futures Commission has updated the list of suspicious investment products, reminding the public to be wary of suspicious investment products "9M AI Stable Fund" and "9M AI Strategy Fund", which claim to involve investment strategies related to virtual assets and offer additional benefits, including through

ChainCatcher news, the Taiyuan City Wanbailin District Prosecutor's Office has recently successfully handled a case involving the use of Virtual Money to conceal and disguise criminal proceeds. The criminal suspects Chen and Li assisted fraudsters in transferring criminal proceeds of 1.47 million yuan through the method of "cash → USD → USD". The court adopted the sentencing recommendations from the prosecution, sentencing the two to two years and six months and one year and six months in prison, respectively, and imposing fines. This case reveals a new type of criminal method of "investment eyecatching + Virtual Money Money Laundering". The prosecution has joined relevant units to carry out anti-fraud publicity, reminding the public to be vigilant against such covert cross-border fund transfer crimes.

PANews December 1st news, according to SoSoValue data, in the past month, BTC has fallen by 21.41%, and ETH has fallen by 26.68%. In the past month, among the top 100 crypto assets by market capitalization, 10 coins have fallen by more than 40%, including: Virtuals Protocol (VIRTUAL): fall 55.60%, current price 0.8142 USD. IP Story (IP): fall 49.00%, current price 2.29 USD; Pudgy Penguins (PENGU): fall of 46.59%, currently priced at 0.00971 USD; Bittensor (TAO): down 45.94%, current price 268.8 USD; Aptos

PANews reported on November 30 that the People's Bank of China recently held a meeting of the coordination mechanism for combating virtual money trading speculation. At this meeting, financial regulatory authorities defined stablecoins for the first time, clarifying that stablecoins are a form of virtual money. Currently, they cannot effectively meet the requirements for customer identification, AML, and other aspects, and there is a risk of being used for money laundering, fundraising fraud, and illegal cross-border fund transfers. The meeting reiterated the need to continue cracking down on illegal financial activities related to virtual money. However, industry insiders believe that this meeting will not affect the layout of stablecoins in Hong Kong, but speculation on stablecoins in mainland China will be severely suppressed. Moreover, relevant entities in the mainland will see their scope for future stablecoin layouts in Hong Kong shrink significantly, being more limited to practical application scenarios such as cross-border payments and supply chain finance.

The phenomenon of cryptocurrency trading diversion is infiltrating mainstream platforms such as Xiaohongshu and Taobao. The content appears to be for sharing, but in fact, it guides users to participate in cryptocurrency trading. Industry insiders are calling for strengthened regulation and cooperation between platforms and users to address this chaos. The Central Bank will also continue to crack down on virtual money transactions.

Golden Finance reports that on November 28, 2025, the People's Bank of China held a coordination meeting to combat the speculation and trading of Virtual Money. The meeting emphasized that Virtual Money does not have the same legal status as legal tender, does not have legal compensation, and should not and cannot be circulated as money in the market. Activities related to Virtual Money are considered illegal financial activities. Stablecoins are a form of Virtual Money that currently cannot effectively meet customer identification, anti-money laundering, and other requirements, posing risks of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers. (People's Bank of China website)

Golden Finance reports that the licensed virtual asset management company Pando officially announced that its Ether ETF will be listed on the Hong Kong Stock Exchange on December 3, with the stock code 3085.HK. This ETF directly holds Ether and uses the CME CF Ether-Dollar Index (Asia-Pacific closing price) as the Benchmark. Hong Kong investors can use their existing securities accounts to trade through cash or physical subscription methods. The minimum trading unit is 100 shares, and the minimum subscription amount is 850 HKD.

ChainCatcher news, TRON officially announced that the java-tron v4.8.1 pre-release version has been officially launched on the Nile Testnet and is a mandatory upgrade version, calling on all Nile nodes to complete the update as soon as possible. This upgrade covers multiple key modules, including the consensus core, virtual machine, network, event service, and API, aiming to further enhance the overall capabilities of the TRON network in terms of performance, security, and cross-architecture compatibility. According to the official website of the Nile Testnet, this upgrade has significantly improved the performance of the TRON network in terms of architectural compatibility, virtual machine security, network stability, event and API query capabilities, and development toolchain: new support for ARM architecture, introduction of TIP-6780 to adjust the SELFDESTRUCT instruction, and for P2P.

Turkmenistan has legalized and regulated digital assets through legislation, including Crypto Assets exchanges and Mining companies, aiming to attract investment and promote digitization. The legislation will take effect on January 1 and clarifies the legal and economic status of virtual assets.

Gate News bot message, according to the Gate platform announcement on November 28, 2025: Gate will launch SUPERFORTUNE on November 28, 2025, at 20:00 UTC+8 with spot trading for the trading pair GUA/USDT. (. SUPERFORTUNE is an AI-driven prediction market engine project incubated by Manta Labs, which combines Chinese metaphysics with the cryptocurrency market to identify price patterns. GUA, as the project's native token, is primarily used to unlock wealth reports, purchase virtual items within the platform, and serve as an in-app payment currency. The token is issued on the BSC network, and the contract address is 0xA5C8e1513B6A08334b479fe4D71F1253259469BE.

PANews reported on November 28th that, according to Yonhap News Agency, on the 28th local time, the Chairman of the Financial Services Commission of South Korea, Lee Ik-yeon, stated at the "19th AML Day" commemorative ceremony held at the Financial Intelligence Analysis Institute that the regulatory scope of the "travel rule" known as the "real-name system for Crypto Assets" will be expanded to transactions below 1 million won (approximately 680 USD). He emphasized that there will be a strict crackdown on Money Laundering activities conducted through virtual asset transactions and prohibited virtual asset transactions with overseas exchanges that have a high risk of Money Laundering. In addition, a strict review mechanism will be established to comprehensively review the criminal records, financial status, and social credit of major shareholders of virtual asset operators.

Hong Kong Xiaofei Asset Management Co., Ltd. urgently donated $100,000 to support the community affected by the Tai Po fire, reflecting corporate social responsibility. The donation will be distributed to affected families and rescue personnel through the Hong Kong Youth Student Power Fund, while also innovatively launching channels for donations in both traditional and virtual assets.

ChainCatcher news, the People's Procuratorate of Yuhua District, Changsha City disclosed a "Pig-butchering scams" case, with 11 individuals involved being convicted. The gang defrauded approximately 340,000 Yuan in total. The "Pig-butchering scams" evolved from the traditional "Pig-butchering scams" and specifically targets foreigners. In March 2024, Liu and Li established a fraud gang in Yuhua District, with clear divisions of labor: 8 salespeople disguised as "financial elite women" sought out foreign male targets on overseas social platforms, using emotional fraud tactics to lure victims into investing in virtual money on a fake platform.