Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards

Chinese Crypto Businesswoman Defrauded of $9.4 Million by Fake Middle East Royals, Report Says

GateNews
Security IncidentsEnforcement Actions
BTC2.49%
According to Caixin, on June 11, a Chinese cryptocurrency businesswoman was defrauded of over $9.4 million (approximately 60 million yuan) in the United States. The victim, identified as Lü, is the CEO of an algorithm technology company in southwest China whose mining pool once accounted for approximately 9% of global Bitcoin hash rate. The scam was orchestrated by two brothers posing as members of Middle East royalty; the older brother claimed to be a "royal son-in-law" with connections to Saudi Arabia's defense minister, while the younger impersonated a hedge fund manager after watching the HBO series "Billions." The perpetrators allegedly also manipulated a local Cleveland official to convince the victim to sign a cryptocurrency mining development contract.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

06-10 23:57
Canadian Man Pleads Guilty to $13M Cryptocurrency Fraud and Money Laundering on June 11
06-10 12:52
Chainalysis Partners with South Korean Police to Combat Crypto Crime Amid $578M North Korean Theft
06-10 12:00
Thai Police Arrest 8 Suspects in Cryptocurrency Exchange Robbery, Recover 81,000 Baht
06-10 01:41
Beijing Woman Sentenced to 4 Years for Romance Scam, Loses 200,000 Yuan to Cryptocurrency Margin Trading Liquidation
In-Depth Analysis

Impersonating Google to steal 185 BTC; a Canadian teenager pleads guilty in Miami and awaits deportation

Market Whisper06-11 01:17

SEC Charges Nathan Fuller with $12.3M Crypto Fraud Scheme Involving AI Trading Claims

Ethan Brooks06-10 13:02

Korean Court Sentences Exchanger to 2 Years for Huione-Linked Crypto Laundering

Ethan Brooks06-10 10:03
Comment
0/400
No comments