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DOJ, FBI, Secret Service Unveil 'Strike Force' to Combat Crypto Scams Rooted in China

The U.S. Department of Justice has launched the Scam Center Strike Force, an interagency initiative aimed at dismantling international crypto scams tied to Chinese organized crime. During a press conference, U.S. Attorney Jeanine Pirro highlighted that such scams may have defrauded Americans out of $135 billion in 2024. The Strike Force, comprising various federal agencies, will focus on 'pig butchering' schemes where scammers slowly build trust with victims before stealing their funds. Pirro announced that her office has already seized $480 million in stolen cryptocurrency, aiming to return a portion of it to victims. The initiative represents a shift toward a coordinated offensive against global crypto crime, with agencies working together to trace and seize illicit funds. Experts have welcomed this collaborative approach, suggesting it can enhance efforts to combat the growing threat of cryptocurrency fraud.

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Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

Shares of VisionSys AI, a brain-machine and AI firm, fell over 77% in one day following its announcement of a registered direct offering intended to raise around $12 million. This significant decline marks an 88% drop over the past week, with current shares priced at $0.29. The company, which

Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

VisionSys AI (VSA), a publicly traded brain-machine and artificial intelligence company, recently announced a stock offering that sent its shares plummeting by more than 77%. Following the news, VSA stock dropped to approximately $0.29, reflecting a staggering decline of over 88% in just a week. The firm had ambitious

Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

Shares in VisionSys AI (VSA), a firm focused on brain-machine interface technology, plummeted by over 77% on Wednesday following the announcement of a stock offering aimed at raising approximately $12 million. The stock has fallen more than 88% over the past week, trading at about $0.29 per share, the

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