Tag: Chinese

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Anthropic vs. Chinese Vendors: The Problem With Distillation

Staying true to its branding as an enterprise and security-first AI vendor, Anthropic has accused three Chinese vendors -- DeepSeek, MiniMax and Moonshot AI...

Bessent Warns About Chinese Gold-Backed Digital Currency-Led Financial System

The statements of U.S. Treasury Secretary Scott Bessent awakened concerns about a Chinese initiative to back a digital gold token to undermine American leadership...

Chinese Telegram-Based Networks Account for 20% of Crypto Laundering Activity: Chainalysis

Roughly $16 billion in illicit crypto flowed through Chinese-language Telegram-based networks in 2025.Chinese-language networks now account for about one-fifth of the roughly $82 billion...

Plastic surgery chief used crypto to tuck away millions from Chinese payments, say customs officials – DL News

Suspects “used crypto to launder payments made using Alipay, WeChat Pay.”South Korea is home to an $11 billion plastic surgery industry.Three people arrested, Seoul...

Chinese crime ring arrested in South Korea laundered over $100 million worth of crypto

South Korean customs officials said they arrested three China nationals and have referred them for prosecution. They allegedly used an unauthorized crypto exchange to...

Ex-digital yuan chief ‘took $8m in crypto bribes while working at Chinese central bank’ – DL News

Yao Qian was removed from the Communist Party in 2024.Investigators say he took bribes in Ethereum.Former subordinate admits setting up a wallet for Yao’s...