China Arrests Eight People for $1 Million Crypto Scam Contributor Published Jan 18, 2022 5:56AM EST C hinese authorities have arrested eight people involved in a crypto scam in its latest crackdown on crypto-related activities. It also froze 6 million yuan ($1 million) worth of crypto assets tied to the crime. Despite the clear ban on cryptocurrency trading, mining, and related activities in China, many still appear to be involved in crypto activities, albeit illegally. The Criminals Rug Pulled Crypto Investors According to a report on Nikkei Asia , this DeFi rug pull was first uncovered by the Chizhou public...