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Guizhou Police in China Bust Virtual Currency Transaction Fraud Case, Scammer Uses "Read-Only Wallet" to Disguise USDT Transaction

2 hours ago

On March 20, police in Wanshan District, Tongren City, Guizhou Province, China, uncovered a virtual currency fraud case. Victim Mr. Chen lost 7,118 U Coins (worth over 50,000 yuan) in an offline USDT transaction. Scammer Mr. Tan used a "read-only wallet" (an address that only allows receiving funds and viewing balances) and a cash display scheme to trick Chen. Investigators found Tan first showed cash to gain Chen’s trust, then immediately transferred the funds and denied the transaction after Chen sent the U Coins to the read-only wallet. The case remains under further investigation. Police are warning the public: - Virtual currency-related transactions are illegal financial activities with significant risks; - Offline cash displays could be a scammer’s ploy; - Always confirm the legitimacy of a wallet address before transferring funds. (Source: Guangming Daily)
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An entity claimed 40% of the ROBO airdrop through over 7000 addresses, worth approximately $8 million at launch.

March 20th: Monitoring by Bubblemaps reveals a single entity secured 40% of the total airdrop allocation for Fabric’s ROBO token via a Sybil attack on the protocol’s robot network. Bubblemaps has traced over 7,000 wallets with identical on-chain activity—these addresses received similar amounts of Ethereum from 7 exchanges in the two months leading up to the token launch. After transfers through three layers of new wallets, they claimed the airdrop, totaling ~199 million ROBO tokens (worth roughly $8 million at the February 27th launch). Bubblemaps stated there is currently no evidence linking this activity to the Fabric or OpenMind core teams.

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Spot Gold and Silver Fall, Silver Breaks Below $70

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Goldman Sachs Platform Sees Biggest Sell-off of 2022 by Long Investors on Thursday

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` tags, uses em dashes for headline-style clarity). 4. **Precision**: "Constituting" replaces "marking" (subtly emphasizes the event’s statistical significance, common in U.S. financial news). This aligns with how U.S. financial outlets frame breaking market updates.

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The US 10-year Treasury Yield Rises to 4.33%

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