Cambodia Extradites Alleged Huione Crypto Scam Boss to China

Published at 2026-04-01 17:00:17

Cambodian authorities have handed over Li Xiong, the ex-chairman of Huione Group, to Chinese custody, where he is currently detained. U.S. regulators have previously connected Huione to billions of dollars in illicit cryptocurrency transactions, and Chinese authorities are expected to pursue their own criminal inquiries following the extradition.

The transfer underscores growing international cooperation on crypto-related crime and may accelerate cross-border investigations and asset-tracing efforts tied to Huione. For markets and compliance teams, the case reinforces heightened enforcement risks and the likelihood of more aggressive scrutiny of crypto firms and intermediaries involved in large, opaque transaction flows.

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Metaplanet purchased over $405.48 million of Bitcoin, lifting its reserves to 40,177 BTC and becoming the world’s third-largest corporate holder, surpassing MARA. The announcement came Thursday even as the company’s shares slipped.

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Published at 2026-04-02 10:15:10

Trump Iran Speech Triggers Sharp Crypto and Futures Sell-Off

Cryptocurrency markets and U.S. stock futures tumbled Wednesday night after President Trump's televised address failed to signal a near-term de-escalation in the intensifying U.S.-Israeli conflict with Iran. Traders moved into risk-off positions as uncertainty spiked.

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Published at 2026-04-02 08:00:07

Russia’s Bill Targets 50,000 Unregistered Crypto Miners With Fines and Prison

A new bill submitted to Russia's parliament targets roughly 50,000 unregistered cryptocurrency miners with fines and possible prison terms, potentially impacting a majority of domestic mining operations. The proposal signals a tougher regulatory stance on mining activity.

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Published at 2026-04-01 19:00:13

Solana DeFi Platform Drift Suspends Deposits Amid Suspicious Activity Probe

Drift, a Solana-based DeFi derivatives platform, halted deposits on Apr 1, 2026 and is investigating suspicious activity, urging users to stop adding funds. The platform says it is probing the incident and advising caution while the review continues.

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Published at 2026-04-01 18:45:06

Drift Protocol Exploit Drains $200M on Solana — One of 2026's Biggest DeFi Hacks?

On-chain analysts estimate more than $200 million was drained from Drift Protocol wallets on April 1, 2026, marking one of the largest DeFi exploits this year. The attack underscores renewed security scrutiny for Solana-based platforms and margin trading protocols.