Home > Latest > Body

Hunan Pingjiang County People's Court: BKEX exchange contract transactions were characterized as gambling, and several employees and agents were sentenced

clock
2025-01-30 02:13:30
On January 30, the People's Court of Pingjiang County, Hunan Province announced a number of criminal court verdicts involving the BKEX exchange, characterizing the platform's contract transactions as gambling. The court verdict shows that the BKEX exchange was founded in Chengdu in 2018 and will launch the perpetual contract trading function in 2021. As of the incident, the platform's cumulative net profit is about 54.798 million USDT (about RMB 300 million), and the contract trading users reach 270,000, of which the active users exceed 60,000.
Because founder Ji Jiaming is on the run, the main judgment in this case is against platform employees and agents. Among them, wallet engineer Zheng Lei was sentenced to 2 years and 1 month in prison, suspended for 2 years and 1 month, and fined 150,000 yuan; Wang, who is responsible for KYC certification and fund settlement, was sentenced to 1 year and 11 months in prison and fined 52,000 yuan; agent Dong was sentenced to 1 year and 6 months in prison, suspended for 1 year and 6 months, and fined 35,000 yuan. The relevant illegal income has been recovered and turned over to the state treasury.

7x24 Newsflash

15:07 2025-02-19
Bitwise Donates $100,000 to Support Ethereum Open Source Developers
Bitwise donated $100,000 to support Ethereum open source developers. When the Bitwise Ethereum ETF ($ETHW) was launched in July 2024, Bitwise promised to give back 10% of ETHW gross profit to the Ethereum ecosystem every year. It is reported that this is Bitwise's first annual donation for 2024. The funds will be used for two non-profit projects, Protocol Guild and the PBS Foundation. Previously, Bitwise also announced that it has donated $150,000 to support Bitcoin open source developers.
15:01 2025-02-19
The US Bitcoin ETF saw a net outflow of 1,288 BTC today.
According to Lookonchain monitoring, today ten US Bitcoin ETFs have a net outflow of 1288 BTC ($124.38 million), of which Bitwise has outflow of 1198 BTC ($115.65 million), and currently Bitwise holds 39,954 BTC ($3.86 billion); Nine Ethereum ETFs had net inflows of 934 ETH ($2.55 million), of which Fidelity had inflows of 1,749 ETH ($4.77 million) and currently holds 458,653 ETH ($1.25 billion).
14:49 2025-02-19
The SEC confirms that the CoinShares Spot XRP ETF application has been submitted
According to Cointelegraph, the Securities Exchange Commission (SEC) has confirmed that the CoinShares Spot XRP ETF application has been filed.
14:49 2025-02-19
Cosine: Someone pretended to be a Slow Mist employee to cheat, poison and steal coins
Slow Mist founder Cosine posted on the X platform that someone was posing as a Slow Mist employee to cheat, poison, and steal coins, alerting users to pay attention. Mr. Cosine added that he had enough information about the people involved, including another active X account, to advise him to return the stolen funds.
14:37 2025-02-19
BTC breaks through $96,500
The market shows that BTC has broken through $96,500 and is now quoted at $965,63.2, with a 24-hour increase of 0.02%. The market is volatile, so please do a good job in risk control.
14:37 2025-02-19
INJ breaks through $15
The market shows that the INJ broke through $15 and is now quoted at $15.01, with a 24-hour increase of 5.85%. The market fluctuates greatly. Please do a good job in risk control.
14:34 2025-02-19
Universal completes $9 million financing, led by a16z
According to BlockBorks, packaging asset startup Universal completed a $9 million financing, with a16z leading the investment. Other specific information has not been disclosed yet.
14:34 2025-02-19
The three major stock indexes opened lower, Strategy rose 1.43%
According to Jin Ten, U.S. stocks opened, with the Dow down 137 points, the S & P 500 index down 0.2 percent, and the Nasdaq down 0.2 percent. Some star technology stocks weakened, with Intel (INTC. O) down 4.9 percent, Micron (MU. O) down 0.7 percent, and Meta Platforms (META. O) down 1.4 percent. In terms of cryptocurrency concept stocks, Strategy rose 1.43 percent and Coinbase rose 0.75 percent.
14:31 2025-02-19
Cross-chain asset agreement Universal completes $9 million financing, led by a16z
Universal, a cross-chain asset packaging protocol, completed a $9 million funding round led by a16z. This round of financing will be used to scale the business and strengthen the front-end user experience in addition to continuing to distribute new assets through other DApps. The long-term goal of the Universal team is to make its packaged asset service as popular as WBTC (packaged bitcoin).
14:31 2025-02-19
A whale address today accumulated 123,500 SOL from Binance
According to Lookonchain, whale addresses starting with AA21 have withdrawn 123,500 SOL (about $20.80 million) from Binance today.
14:22 2025-02-19
DeepSeek founder Liang Wenfeng remains cautious about external fundraising
On February 19, according to The Information, DeepSeek has so far not raised external funding, in part to avoid pressure from investors to commercialize its product too quickly. But since the company's artificial intelligence chatbot app became an overnight success a few weeks ago, the company has considered launching a new initiative due to the need for more artificial intelligence chips and servers to handle the rapidly growing use and support model development, according to people familiar wi...
14:12 2025-02-19
400 million USDT transferred from Tether Treasury to Binance
According to Whale Alert, 400 million USDT was transferred from Tether Treasury to Binance at around 22:05 Beijing time today.