Seoul police uncovered a money laundering case involving an unregistered virtual asset exchange, arresting 19 members with suspected proceeds totaling hundreds of billions of won. The group converted cash obtained from telecommunications fraud into Tether (USDT) and transferred it overseas. Police seized approximately 6 billion won in assets.

Hong Kong police launched the "Thunder Drum" operation on March 18, arresting 6 people involved in a loan fraud ring offering low-interest loans, with amounts involved totaling approximately 5 million Hong Kong dollars. The group impersonated fake bank employees to deceive victims and collected deposits through cryptocurrency. The victims included highly educated individuals. The operation is still ongoing.

ChainCatcher News, according to official sources, BitRing announced the launch of a pre-sale event for its smart rings. The 1-gram pure gold smart ring will be priced in real-time to match the current gold price. This limited pre-sale will include 50,000 units and requires strict KYC verification. Partner exchanges will oversee the process to ensure transparency. The project stated that a $3 million subsidy will be invested in this pre-sale event to directly connect the supply chain and reduce middlemen and premiums. Users need to follow their social media accounts and complete designated interactions to qualify for participation.