Thai police arrested a Chinese fugitive wanted by China on suspicion of money laundering and crypto transactions in Bangkok.

According to Qichacha, Shanghai Solana Enterprise Management Co., Ltd. was registered in June this year with a registered capital of 5 million yuan. Claire Du (Du Yanjing), co-head of Solana China, serves as its legal representative. Separately, Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. was established in August this year with a registered capital of 10 million yuan, with Shanghai Solana Enterprise Management holding a 45% stake in the latter. Even Jiang (Jiang Yiwen), co-head of Solana Foundation’s China region, is chairman of Yaokun Qiusuo, while Du Yanjing acts as a director. Public information indicates Yaokun Qiusuo’s core business includes technical services, development, consulting, exchange, transfer and promotion; computer system services; information system integration services; information technology consulting; data processing services; internet data services; IoT technology services; wholesale of computer software, hardware and auxiliary equipment; information consulting services (excluding licensed services); enterprise management consulting; financial consulting; and conference and exhibition services (overseas exhibitions require approval from relevant authorities). It should be noted that "Solana" is a name adopted by a sole proprietorship, and there is currently no equity evidence linking the two companies to the Solana Foundation. This week, Solana team members shared photos announcing the opening of an office in Shanghai, China.

In a recent interview with The Rollup, Arthur Hayes dismissed the so-called crypto quantum threat as "bullshit"—exaggerated and overblown, framing it as a known, manageable risk rather than a reason to sell assets. Hayes emphasized that effective protection hinges on wallet hygiene practices, such as avoiding address reuse and using updated signature types, noting that most risks are concentrated among users with poor address management. He does not view quantum computing as a current catalyst for panic or selling Bitcoin.

Holograph (HLG)’s 2024 illegal issuance of 1 billion tokens went to trial on October 16 in Paris, with the case involving approximately $14 million at the time. Among the three defendants, the main suspect is a Ukrainian former Holograph employee residing in France, accused of modifying token creation conditions to illegally mint 1 billion HLG, transferring them to a personal wallet, and moving the funds via multiple exchange accounts with accomplices. A lawyer for the Holograph Foundation told the court that the incident caused the project to lose client trust, has now come to a complete halt, and the foundation is preparing for liquidation.

According to crypto analyst Specter, since the Bitget attacker transferred stolen funds via Zcash’s privacy features, other stolen funds have also started flowing into ZEC, including funds from the Cryptobills Ledger incident and the $12 million Triple-A hack.

On October 15, the Arbitrum Foundation launched its Stablecoin Growth Program for protocols holding stablecoin balances of no less than $1 million, requiring selected teams to designate USDG as their primary stablecoin on Arbitrum One. The program offers a 2 million ARB reward pool: the first 10 teams that achieve a 30-day average USDG balance of $10 million will each receive up to 200,000 ARB (capped at $200,000). The reward pool is valid through December 31, 2027, and each participant is eligible for only one reward.

According to Hong Kong media outlet HK01, Hong Kong’s BBB Group (Chinese name: Hao Hao Hao Group) is suspected of running a scam, as it claims to invest in Malaysia’s agarwood industry while selling over-the-counter (OTC) stocks and digital assets. The company has reportedly stated it will convert its OTC stocks into "digital assets" (cryptocurrencies) by or before February 2027. Hong Kong Police have received 21 complaints related to these investment projects, involving HK$14 million. The Commercial Crime Bureau is investigating the case on suspicion of conspiracy to defraud, and has carried out arrest operations, with four suspects taken into custody so far. Additionally, the official website of Hong Kong’s Securities and Futures Commission (SFC) has listed "Malaysian Agarwood Plantation Investment / Agarwood Tree Scheme / Agarwood Potted Trees / APT4.0" as a suspicious investment product.