Many veterans in the cryptocurrency world will likely recall the widespread rumors of 2020 that He Yi was leaving BN , while CZ and Chen Guangying were profiting from the empire He Yi had built. At the time, He Yi's reactions and insider information from BN seemed to confirm the rumors. Both He Yi and Chen Guangying, both from Sichuan, are known for their fiery tempers;Yang Weiqing, on the other hand, is relatively gentler, or perhaps more resilient. Chen Guangying was the only woman CZ denied the rumors about at the time. Later, an agreement was reached: CZ and Chen Guangying would remain behind the scenes, while He Yi would take the leadi of Whole Marketing , and Yang Weiqing would act as a protective figurehead, allowing them to continue coexisting peacefully. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews

According to informed sources: A top-10 exchange has proactively approached  the Party of the Donkey, preparing to offer a "donation." This move is entirely voluntary, and the donation amount is estimated to be around $10 billion. This figure has been confirmed multiple times. It is fair to say that exchanges across the entire Chinese-speaking region are moving in this direction. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews

According to publicly available information: Various jurisdictions—including the United States, the United Kingdom, Singapore, Hong Kong, Taiwan, and South Korea—have subjected Hu Xiaowei（Chen Xiaoer) to judicial investigations or imposed sanctions and restrictions upon him. And currently, Hu Xiaowei is hiding in Tokyo, Japan. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @MFAsg

HTX (formerly Huobi): legal proceedings information FCA v Huobi Global S.A. and Others. According to publicly available information: On 21 October 2025, the FCA commenced proceedings in the Chancery Division of the High Court against the following parties: 1 HUOBI GLOBAL S.A.(a company incorporated in Panama) 2 PERSONS UNKNOWN (who are the owner of, controller and/or the persons currently in control of all or part of and/or its associated mobile applications (“the HTX Exchange”)) 3 PERSONS UNKNOWN (who are the legal and/or natural persons defined as the HTX Operators in the HTX Platform User Agreement (version dated 13 July 2023)) 4 PERSONS UNKNOWN (who are the persons currently in control of promotions on behalf of the HTX Exchange on any of the following social media platforms and/or messenger services: X, Facebook, Instagram, Telegram, Tik Tok, You Tube, Discord, Medium and/or LinkedIn) 5 PERSONS UNKNOWN (who are such additional persons who on or before 31 October 2028 become owner or controller of the HTX Exchange and/or become legal and/or natural person within the meaning of HTX Operators in the HTX Platform User Agreement (version dated 13 July 2023) and/or become controllers on behalf of the HTX Exchange of accounts on any of the following social media platforms and/or messenger services (X, Facebook, Instagram, Telegram, Tik Tok, You Tube, Discord, Medium and/or LinkedIn) On 4 February 2026, the High Court granted the FCA permission to serve the proceedings out of the jurisdiction and by alternative means. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @MFAsg

Regarding Garantex Europe OU—an exchange—and A7 LIMITED LIABILITY COMPANY—an entity—both of which are implicated in the sanctions list targeting Huobi Global S.A., they are indeed included on the sanctions list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC). Garantex Europe OU (Garantex) As one of the largest cryptocurrency exchange in the Russian-speaking region，Garantex was founded in late 2019, originally registered in Estonia, that conducts most of its operations from Moscow and Saint Petersburg. OFAC previously designated Garantex on April 5, 2022 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is re-designating the cryptocurrency exchange Garantex Europe OU (Garantex),on August 14, 2025 A7 Limited Liability Company (A7) A7 Limited Liability Company (A7) is a Russian firm that provides cross-border settlement platforms used for sanctions evasion. A7 and its subsidiaries A71 Limited Liability Company (A71) and A7 Agent Limited Liability Company (A7 Agent) are owned by sanctioned Moldovan oligarch Ilan Mironovich Shor (Shor) and sanctioned Russian bank Promsvyazbank Public Joint Stock Company (PSB). OFAC is designating A7 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods and services to or in support of, Garantex. OFAC is also designating A71 and A7 Agent for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, A7. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @MFAsg #Garantex# #A7# #PSB# #HuobiGlobalSA#

3. The Actual Setup of the Allegedly Fraudulent Projects According to informed sources: The team operating RCT AI’s office in Shunyi, Beijing (Mainland China) consists of the exact same core group of individuals. They manage a vast network of outsourced labor—drawn from all corners of the country—to run various distinct projects across multiple parallel production lines. 💥Mirror World @NextLabz At the time, the core group behind RCT AI found themselves in a precarious situation: physically located in Mainland China, they faced security risks, yet they lacked a project specifically tailored for the crypto space. Consequently, they sought out several new "frontmen" to compete in an internal selection process. The winner was a candidate who held a Canadian passport, cultivated an "elite" public persona, and—like the core group—was driven by an extreme sense of self-interest. This frontman was Zhu Yuan (Chris Wu) @Chrizhuu Subsequently, within a short timeframe, this core group—working through Chris Zhu and utilizing their outsourced workforce—launched an NFT project called "Mirror World." Leveraging their personal networks and "offline promotion" connections, they sold these NFTs primarily to their own friends and acquaintances to artificially generate trading volume and performance metrics. According to numerous sources, those who "bought in" (the "bag-holders") ultimately lost their entire investment. Armed with the fabricated trading performance data from Mirror World, their carefully constructed public personas, and the information silos existing between different industries, they rapidly advanced to the next round of fundraising—demonstrating an even higher level of sophistication in their financing tactics. The core group effectively "decoupled" Mirror World from RCT AI’s core business operations, raising capital for each entity separately. In essence: One core team, two distinct brands—raising two separate pools of capital. 💥Delysium $AGI @The_Delysium Regarding the first strategic direction—RCT AI itself—they utilized the funds raised through Mirror World to acquire a struggling game development studio in Beijing known as "Lingxi Games." Lingxi Games was on the brink of bankruptcy; their product was unfinished and barely clinging to life, and they believed they had found their final lifeline—a savior to rescue them from the abyss. Little did they know, the RCT core group had no genuine intention of actually developing games. Their sole objective was to "borrow a flower to offer the Buddha"—to leverage the game studio's product pipeline merely as a vehicle for PR and marketing campaigns, thereby facilitating further fundraising (and profit extraction). Following the merger, RCT AI assumed full financial control and rebranded Lingxi Games' unfinished product as "Delysium." Subsequently, they successfully executed a strategy to issue a token and raise capital through Delysium. They established a strong foothold in the South Korean market through aggressive marketing and PR campaigns, sold high-priced NFTs at exorbitant rates, and ultimately secured listings on major centralized exchanges (CEXs) such as @BithumbOfficial (in Korea), @Bybit_Official , and @Gate . Finally, theydumpedtheir holdings of the $AGI token onto the market and split the illicit profits among themselves. Currently, $AGI has plummeted from a high of $0.68 to $0.007—a staggering 98.93% drop—tantamount to a complete wipeout (Figure 1). Meanwhile, Lingxi Games was ultimately and decisively abandoned by the RCT crew; the entire staff was laid off, and their proprietary product never even made it to launch. Swarm Network $TRUTH @GetSwarmed Following the "harvesting" phase involving RCT and Delysium $AGI , the next step was to integrate the $TRUTH component—which "Baike" mentioned last week (Figure 2). 💥@SonicSVM $Sonic Returning to Mirror World: The RCT crew, working alongside Chris Zhu, successfully raised capital by operating Mirror World. Given that both parties are consummate egoists—driven solely by self-interest—how could they possibly remain united for long? Especially considering that, from the very beginning, they were merely using one another. Consequently, the RCT team selected a new protégé—Chris Zhu—to serve as their latest "frontman," who, in turn, was eager to continue climbing the ladder himself. According to insiders, ever since securing the funding, Chris Zhu has exhibited an intense desire for independence; he is constantly poised to "stab them in the back" and has, for all intents and purposes, had a falling out with the RCT team. However, since everyone holds compromising leverage over one another—creating a mutual deterrence—and because they still need to push forward with securing *new* rounds of funding to keep raking in cash, they are compelled to continue acting out this charade together. Regarding the token issuance track for Mirror World, Chris Zhu has continued to lean heavily into his "elite persona" and "PPT-driven" narrative strategy. The original plan was to build an NFT game; the second iteration shifted to creating a gaming platform; the third iteration pivoted to building infrastructure *for* gaming platforms. Eventually, however, it became apparent—and was subsequently debunked—that all these concepts were essentially pure nonsense. Thus, for the fourth iteration, they pivoted once again—this time to building a gaming-focused blockchain called Sonic. This strategy was chosen because a blockchain itself is relatively difficult to falsify or debunk—much like the well-known @Scroll_ZKP project. Leveraging his carefully crafted "elite persona"—that of a "New Chris" (a Canadian-Chinese wunderkind), a "Mini-CZ" (a nod to Binance's founder), a former model, and an alumnus of NYU's Stern School of Business—Chris Zhu managed to thrive within the Solana community in New York. After securing an endorsement from Solana, Chris Zhu successfully propelled Sonic—a Solana Layer-2 solution that previously had a daily active user count in the single digits—onto major exchanges such as @upbitglobal . Immediately after listing, however, they proceeded to relentlessly dump their holdings, "harvesting" profits before making their exit. The $Sonic token plummeted from its opening high of $1.40 all the way down to $0.03—a 98% collapse that effectively amounts to a complete wipeout (Figure 3). 4. The Masterminds Behind the Allegedly Fraudulent Projects The masterminds behind Delysium are Wu Xiankun @roninsks and Zhang Yan, along with a third, lesser-known figure named Zhang Yan. Mirror World was the first crypto-related project undertaken by Wu Xiankun, Zhang Yan, and Zhang Yan—among others—in collaboration with their associate, Zhu Yuan (Chris Wu). The mastermind behind Sonic is their associate, Zhu Yuan (Chris Wu). @NihilusBTC @Zorathzzz @JuliusElum @ER404i @CryptoInsightsX @Mertkarayeel @Kucoingemfinder @Bitcoinhabebe @MariusSm1th @ferra_protocol @ilmoi @HelloBenWhite @leshka_eth @justdream @solo_leveling_p @CoinDesk @coingecko

1.Key members' background Wu Xiankun @roninsks Born in 1995; Co-founder & COO of RCT AI. Attended Hefei No. 1 High School. Chris Zhu @Chrizhuu Real name: Zhu Yuan . Graduated with a bachelor's degree from NYU Stern School of Business. After graduation, he joined ByteDance and Lark (Feishu); however, he left after less than six months to join RCT in mid-2021, initially starting in a BD role. Later, leveraging his Canadian passport, he initially served as a "fall guy" to take the heat; he launched the Mirror World NFT series, publicly branding himself as the youngest and most handsome founder，before subsequently spinning off independently to continue reaping profits. Zhang Yan（张言） Born in 1995; Co-founder & CMO of RCT AI. Graduated with a bachelor's degree from the Central University of Finance and Economics in Beijing. Zhang Yan（张岩） Co-founder & CTO of RCT AI. Graduated from Beihang University (Beijing University of Aeronautics and Astronautics). He was recruited to RCT by Chen Yuheng in 2021. Chen Yuheng Born in 1992; Co-founder & CEO of RCT AI. Holds a bachelor's degree in Software Engineering from Beihang University. Formerly the COO of Raven Tech. Lv Cheng @jesselyu Born in 1990; Co-founder of RCT AI. Founder of the former Raven Tech. 2 @rct_ai History From 2018 to 2020, RCT AI’s business development was far from smooth. However, they eventually identified their true strengths—the very same core playbook employed back in their "Raven Tech" days: Cultivating a public persona, driven primarily by PowerPoint presentations. On one hand, Wu Xiankun, Zhang Yan, Chen Yuheng, and their associates publicly proclaimed that RCT AI was the only Chinese enterprise collaborating with Baidu on both GPT-2 and GPT-3 technologies. In reality, however, RCT’s product consisted merely of wrapping a user interface around these external APIs—falsely presenting them as their own proprietary core models and algorithms—in order to hoodwink potential partners in Beijing and across mainland China into entering commercial collaborations. On the other hand, they lavished substantial investment capital on purchasing spots on the *Forbes* "30 Under 30" list—going so far as to buy titles for their own business development (BD) staff as well (likely at a bulk discount)—thereby further solidifying their carefully crafted "elite" image. They were acutely aware that, lacking any proprietary core models or algorithms of their own—and being, in essence, a shell company—their commercial partnerships were ultimately destined to fail. Yet, they also knew that the truth would take time to surface; thus, they seized the opportunity presented by the initial partnerships to generate PR buzz, leveraging that publicity to secure further rounds of financing and turn a profit. Through this strategy—combining top-tier fundraising pitches with a lavish yacht party thrown in mid-2021 to cultivate connections—RCT AI successfully secured a Term Sheet (TS) from Hillhouse Capital in 2021. For a brief moment, they basked in boundless glory. But paper cannot conceal fire forever; as the 2021 yacht party faded into memory, their "honeymoon period" with Hillhouse Capital drew to a close. As Hillhouse entered the final phase of financial due diligence, they discovered that RCT had been consistently funneling massive sums—ostensibly labeled as "technical service fees"—from its domestic entity (Beijing Zhijuezhimen) to an offshore entity. This offshore entity had been deliberately shrouded in secrecy—a classic textbook example of a scheme designed to: Drain investor capital and divert the raised funds. As a titan of the mainland Chinese venture capital scene—possessing unparalleled experience and acumen—Hillhouse quickly realized that Chen Yuheng, Wu Xiankun, and their cohorts could offer no plausible justification for these "technical service fees." Consequently, they immediately withdrew their Term Sheet and formally rescinded their decision to invest in RCT AI. Given Hillhouse Capital’s immense influence within the traditional investment community, such an abrupt cancellation of a deal sent shockwaves through the industry. As other co-investors privately uncovered the true nature of the situation, they, too, swiftly opted to withdraw their capital. The guys at RCT Ai suffered a massive setback in their fundraising efforts, but they realized they still had one asset left: the established public persona they had carefully cultivated. Consequently, they quickly decided to abandon the traditional AI sphere and pivot in a new direction. This time, they succeeded—successfully duping another industry out of its capital. That industry is called: Crypto. Throughout this entire process—aside from their internal team—their greatest external ally was Ryan You from Galaxy. @NihilusBTC @Zorathzzz @JuliusElum @ER404i @CryptoInsightsX @Mertkarayeel @Kucoingemfinder @Bitcoinhabebe @MariusSm1th @ferra_protocol @ilmoi @HelloBenWhite @leshka_eth @justdream @solo_leveling_p @CoinDesk @coingecko

Quick heads-up: Quick heads-up: Next week, CP will be dropping a deeper exposure on the Raven Tech token-launch group , including several unreleased projects: 1 Background profiles of key RCT AI members 2 The historical track record of RCT AI 3 The Original background of the allegedly fraudulent projects 4 The masterminds operating behind those alleged scam projects 5 The market makers tied to those alleged scam projects 6 The profit extraction linked to those allegedly fraudulent projects 7 Associated corporate entities 8 Multiple fundraising-stage projects that have yet to launch tokens More details coming soon. @rct_ai @The_Delysium @NextLabz @SonicSVM @GetSwarmed @HashKey_Capital @snzholding @masknetwork @HashGlobal @FBGCapital @FoliusVentures @y2z_Ventures @EVGHQ @ZonffPartners @Web3com_VC @LucidBlueVC @initiatecapital @RepublicCrypto @virtuals_io @bas1s_ventures @FEPartners_ @BITKRAFTVC @SolanaFndn @SuiFoundation @Sky9Capital @hack_vc @makersfundvc @FranklnTempletn @anagramxyz @plcapital @Ripple @virtuals_vc @bwenews @AggrNews $AGI $sonic $truth

Part 1 In May 2014, Lv Cheng @jesselyu founded Raven Tech, focusing on developing AI-driven operating systems and smart hardware. Note that this was a company primarily known for its PowerPoint presentations. In February 2017, Baidu acquired Raven Tech. Jesse Lyu subsequently became the General Manager of Baidu's Smart Home Hardware division, reporting to Lu Qi, then President and COO of Baidu Group. This acquisition was jointly completed by Robin Li and his wife, Ma Dongmin, for $90 million. Strictly speaking, this was an extremely abstract acquisition. But for Jesse Lyu and Chen Yuheng of Raven Tech, it was both a successful retirement and a way to fulfill their obligations to existing shareholders. Part 2 In July 2018, Jesse Lyu and others left Baidu. Subsequently, Jesse Lyu , along with Chen Yuheng and former core members of Raven Tech, including Zhang Yan and Wu Xiankun, founded the AI ​​entertainment company rct studio @rct_ai Part 3 The developer of the NFT project GAMA (@gama_nft) is Cyber ​​Manufacture. In 2021, riding the NFT craze, Jesse Lyu launched the NFT project GAMA through Cyber ​​Manufacture, raising approximately $6 million from institutions Araon @polymorpher , right? In 2023, the NFT project GAMA collapsed and went to zero. In early 2024, nearly a month after Rabbit R1 and its "Large Action Model" successfully raised funds,J esse Lyu submitted documents to the California government, applying to change the name of Cyber ​​Manufacture to Rabbit, i.e., @rabbit_hmi Part 4 According to public information, RCT Ai raised over $21 million in equity and cryptocurrency from 2018 to 2021. The RCT AI project, led by Jesse Lyu , Chen Yuheng, Wu Xiankun, and Zhang Yan, has split into two groups with two token issuance routes: Line 1, primarily led by Wu Xiankun and Zhang Yan: Delysium $AGI @The_Delysium Swarm Network $TRUTH @GetSwarmed Of these, $TRUTH @GetSwarmed has already been sold to a new controlling party. Line 2, primarily led by Chris Zhu @Chrizhuu Mirror World @NextLabz $Sonic @SonicSVM @NihilusBTC @Zorathzzz @JuliusElum @ER404i @CryptoInsightsX @Mertkarayeel @Kucoingemfinder @Bitcoinhabebe @MariusSm1th @ferra_protocol @ilmoi @HelloBenWhite @leshka_eth @HelloBenWhite @justdream @solo_leveling_p @CoinDesk @coingecko

The truth about @FlamingoFinance Back then, Da Hongfei @dahongfei , through Deifi, launched the worthless, zero-value coin $FLM @FlamingoFinance , which ultimately went to zero. Two other key members were: 1. John Wang @wjcbaggio Wang Jiachao, as Da Hongfei's top henchman, was fully responsible for the operation of $FLM 2. Chen Yongqiang @EEEEdison1992 Chen Yongqiang, as a henchman of Da Hongfei's Ningbo branch, was responsible for a significant portion of @FlamingoFinance’s technical development. For more information on Wang Jiachao and Chen Yongqiang, see these two tweets: Da Hongfei prohibited FLM from raising funds externally, nominally using it as DeFi mining to maintain a high degree of control over the tokens, facilitating manipulation and unloading in the secondary market. Alfa1 The entity that helped Da Hongfei mine, withdraw, and sell $FLM , using the NEO Foundation's $BTC and $NEO , was Alfa1, an asset management team based in Shanghai, China, controlled by Da Hongfei. As for the nearly 2,000 $BTC that NGC @NGC_Ventures returned to Da Hongfei, which originally belonged to the NEO Foundation, Da Hongfei later handed them over to Alfa1, an asset management team he actually controlled, and pocketed them under the pretense of losing them all. Alfa1's related entities in mainland China are Shanghai Aoyi Technology and Shanghai Kailian Consulting, both ultimately controlled by Da Hongfei. @Xatoxi_ @ricklock99 @DyorchainX @NEOFORCEONE @liuxibaba @0xmagnolia @vvinyll @DEG_2020 @JuliusElum @cryptobaby @blknoiz06 @VuoriTrading @btcfx295 @hackapreneur @AltstreetBet @MylesMcNulty @greenytrades @TigerLineTrades @Rus_Khairullin

According to informed sources: The original issuing group behind Swarm Network has sold $TRUTH @GetSwarmed to a new controlling party. The transaction price was between 8 million and 10 million USDT. The handover has been completed, with both project control and full ownership of the token supply transferred to the new controlling entity. The original foreign figurehead, @YannickMyson, remains in place—serving merely as a puppet employee. Under the management of the original team, exchanges such as @binance , @okx , and @Bybit_Official had listed $TRUTH. Additionally, here is a brief heads-up: 1. Information regarding the buyer of $TRUTH is currently being further verified by our team; 2. We are also investigating other projects launched by the issuing group behind $TRUTH. @NihilusBTC @Zorathzzz @JuliusElum @ER404i @CryptoInsightsX @Mertkarayeel @Kucoingemfinder @Bitcoinhabebe @MariusSm1th @ferra_protocol @ilmoi @HelloBenWhite @leshka_eth @HelloBenWhite @justdream @solo_leveling_p @CoinDesk @coingecko @y2z_Ventures @SuiFoundation @GhafCapital @brincvc

Mega-whales with 100k+ bitcoin:native , built on years of retail extraction 1 Da Hongfei — No.1 Leader of China’s Public Chain As previously mentioned, Da Hongfei @dahongfei , one of the founders of @Neo_Blockchain , is believed to hold over 100,000 bitcoin:native. Back in the day, Da Hongfei reportedly fully exited his $NEO holdings in the roughly $5 to $10 range. Sources familiar with the matter claim that after selling $NEO too early, he was dissatisfied with how things played out and later encouraged Li Jun to launch $ONT @OntologyNetwork in early 2018. According to those claims, that eventually contributed to Li Jun being taken away by Chinese authorities several years later. As a result, some insiders allege that the real power behind $ONT was never Li Jun himself, but Da Hongfei operating quietly in the background. Another major source of Da Hongfei’s wealth reportedly came from early equity in Binance that had originally been invested through the NEO Foundation. Allegations have circulated for years that this stake was ultimately absorbed privately by Da Hongfei himself. Beyond that, critics within the crypto space accuse him of repeatedly launching short-lived or failed projects such as $FLM and $O3 during previous market cycles, cashing out profits and rotating much of the gains into bitcoin:native . 2 Hu Xiaowei — Chen Zhi’s “Big Bro” According to multiple people familiar with the situation, Hu Xiaowei, also known as Chen Xiaoer and Hu Yanming, is currently believed to be residing in Japan. Insiders claim that Chen Zhi first became involved in crypto assets under Hu Xiaowei’s influence, later using affiliated subsidiaries connected to Prince Group to accumulate large amounts of bitcoin:native. Hu Xiaowei is described by those sources as both one of the key controllers behind Prince Group and the Shengda Legend International Asset Management network, while simultaneously serving as Chen Zhi’s senior patron and behind-the-scenes strategist. People familiar with their operations claim Hu Xiaowei’s actual bitcoin:native holdings and overall wealth substantially exceed Chen Zhi’s, with alleged bitcoin:native holdings alone surpassing 200,000 coins. 3 Bai Yupeng — “Judicial Madman” Bai Yupeng, a controversial figure in China’s mining and fundraising circles, allegedly amassed enormous Bitcoin holdings through the Fis scheme, which critics have long labeled a pyramid-style operation. In addition to that, Bai reportedly profited heavily from multiple rounds of token allocation and proxy investment deals before later expanding aggressively into crypto mining operations. Between 2015 and 2023, Bai Yupeng allegedly escaped legal consequences in both Huaihua, Hunan and Baise, Guangxi on two separate occasions. Even excluding $ETH holdings, sources claim Bai controls more than 100,000 bitcoin:native. 4 Jiang Yingying — Vitalik’s Former Girlfriend Former girlfriend of @VitalikButerin , Jiang Yingying, is described by insiders as one of the key controlling figures behind $ZEC . According to people close to the early industry scene, Jiang never had strong ideological conviction in Ethereum itself. During the 2017–2018 cycle, she reportedly liquidated most of her $ETH holdings and rotated heavily into bitcoin:native instead. Industry rumors claim Jiang Yingying now controls more than 100,000 bitcoin:native, making her perhaps the only woman in crypto whose wealth could rival that of He Sanyi. Veterans connected to the Wanxiang ecosystem would likely remember her well. 5 Chen Zhi and Qian Zhimin As for Chen Zhi and Qian Zhimin, Hu Xiaowei’s alleged top lieutenant who was later arrested and sentenced by British authorities, both are rumored to control bitcoin:native holdings exceeding 100,000 bitcoin:native each. Much of the finer detail surrounding those holdings has circulated privately for years, and you guys can dig deeper into the background . @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @MFAsg

According to UK and U.S. sanctions records related to Hu Xiaowei and Chen Zhi’s Prince Group：  The following crypto-related entities are currently linked to Hu Xiaowei, also known as Chen Xiao’er and Wu An  Min:  1 Huione 2 Xinbi 3 BYEX @100EXOfficial 4 BSquare Technology: a sister company of the Prince-linked crypto platform BYEX 5 Tian Xu International Technology: a Cambodian company linked to BSquare and Byex BYEX issued the shutdown announcement on Nov 26,2025 @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews  @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @mfasg

#Kucoin# will almost certainly face another heavy blow from US law enforcement this year or next. This is because Cause @Kucoin ranks first in the US's investigation list of cryptocurrency exchanges for money laundering. @lyu_johnny @business @markets @BloombergAsia @Reuters @WatcherGuru @zachxbt @insiderwire @WhalePanda @Tintinx2021 @yq_acc @blknoiz06 @BitcoinNewsCom @crypto @CoinDesk @RichardPtardio @JamesWynnReal @muphasamc @huskyXBT @JSeyff @0xcryptosam @degeneratenews @crypto_condom

Hu Xiaowei （ Chen Xiaoer / Wu An Ming / Hu Shi）， is not only an important partner of Bybit, but also the major shareholders of @Bybit_Official @coinbase @brian_armstrong @FEhrsam @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @MFAsg

NEPTUNE GROUP LIMITED As a side note, Chen Zhi’s Big Bro, Hu Xiaowei’s stake in HKE Holdings was ultimately sold to an entity linked to Cheuk-chiu Lin, the controlling figure behind Neptune Group Limited ( widely known in industry circles as the “junket king of offshore gaming.” The buyer was his son, Ho Man Lin. Lin Ho Man acquired HKE Holdings through Flourish Nation Enterprises Limited, with the apparent objective of pivoting into crypto-related businesses. Doesn't this plot seem incredibly familiar? Public records indicate that in the 1990s, Lien Cheuk-chiu was involved with the Hong Kong triad society "Lee Chun"., initially through casino junket operations and smuggling activities in Macau. In the late 1990s, Lien Cheok Chao and Zhang Zhitai began jointly operating the offshore casino vessel “Neptune.” In 2005, the Lin family and Zhang Zhitai (Jumbo Boom Holdings Limited ) took control of a HKEX–listed company previously owned by Edward Chen, the father of Edison Chen. They subsequently injected their flagship “Neptune” gaming vessel into the listed entity, rebranding it as Neptune Group ( thereby establishing a foothold in the capital markets. Both Cheuk-chiu Lin and his son hail from the Chaoshan region, a network long associated with tightly knit business circles. The Neptune cruise ship is the dream destination for many Chaoshan tycoons, bar none. According to a 2002 criminal judgment issued by the Jiangmen Intermediate People’s Court, several individuals—including Yan Xilong, Lian Yuqi, Chen Dekun, Xu Liexiong, and Yan Xiaowu—were convicted of illegal business operations related to underground banking and money laundering activities. In that same judgment, Cheuk-chiu Lin and Hong Kong auto dealer Lin Yiming were identified as primary financiers behind the underground banking network but were listed as “handled separately,” allowing them to avoid prosecution at the time. In 2008, Cheuk-chiu Lin was thrust back into the spotlight for allegedly laundering at least 800 million RMB for Huang Guangyu. Many people were imprisoned in Huang Guangyu's case that year. In November 2008, Huang Guangyu was charged in Beijing, remaining tight-lipped; while Cheuk-chiu Lin was charged in Xiamen in December 2008, after which he reported several people. Subsequently, Cheuk-chiu Lin quietly returned to Hong Kong and disappeared from public view. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @MFAsg

Multiple identities and cross-border capital operations Hu Xiaowei = Chen Xiaoer = Wu An Ming According to publicly available information Hu xiaowei first used the passport under the name Chen Xiao’er in 2017, before officially changing it to Wu An Ming by 2020. 1 HKE Holdings In September 2019, Hu Xiaowei, operating under the alias Chen Xiaoer, acquired approximately 75% of the Hong Kong–listed company HKE Holdings (stock code: 1726) through his British Virgin Islands–incorporated vehicle, Eagle Fortitude Limited. Following the acquisition, he assumed the roles of Chairman of the Board and Chief Executive Officer. In 2020, Chen Xiaoer formally changed his name to Wu An Ming (Hu Yanming). In April 2021, he fully exited the investment by disposing of his entire shareholding. 2 Evergrande Property Services Group Separately, in August 2020, Hu—again using the alias Wu An Ming—invested via another BVI-registered entity, Future King Inc. (incorporated in February 2017), as a limited partner in Tisé Opportunity Fund I, managed by Zhang Yutao. Through this structure, he indirectly acquired a 1.194% stake in Evergrande Property Services Group prior to its public listing. Other strategic investors participating in the same financing round included funds and entities associated with major institutional players such as ： Sequoia Capital ChinaSCC Growth VI 2020 B, L.P.（「Sequoia Capital China Growth」）, CC Eagle Investments Limited（「CITIC Capital」）, YF Evergreat Property Limited（「Yunfeng Capital」）, Golden Fortune Holding Limited （「Tencent Holdings」）, Huatai Securities, and ABCI Global Opportunities SPC （「Agricultural Bank of China」） among others. 3 China Reserve Securities Through Future King Inc., Hu Xiaowei (Wu An Ming) is the beneficial owner of at least two Hong Kong-based asset management firms: China Reserve Securities Ltd, which is licensed by the Hong Kong Securities & Futures Commission, and Future Wing Financial Company Ltd. Records show Future King acquired China Reserve Securities in December 2018. 4 Nanomix Corp Through Future King Inc., Hu Xiaowei (Wu An Ming) has also been a stockholder in Nanomix Corp, a Nasdaq-listed medical company that markets tests to detect or monitor diseases. 5 Boyaa Interactive International Limited As of August 21, 2025, Hu Xiaowei—operating under the alias Wu An Ming (Hu Yanming)—held approximately 5.4% of Boyaa Interactive International Limited ( through a network of entities, including Future King Inc., Future Cosmos Limited, and Future Oasis Pte. Ltd. Boyaa Interactive, a HKEX–listed company founded by Dai Zhikang , is often described as a “lightweight MicroStrategy of Hong Kong equities,” reflecting its dual exposure to online gaming and cryptocurrency investments. The company currently holds more than $400 million in Bitcoin reserves. Dai Zhikang @Crossday was previously the boss of @DujunX , and was an early investor in ventures associated with @LeonHuobi , including both the original Huobi platform and @_BitfireGroup 6 HyalRoute Communication Group Through Future King Inc., Hu Xiaowei (Wu An Ming) has also been a shareholder in HyalRoute Communication Group Limited, a Singapore-based company that specializes in developing fiber optic networks. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @MFAsg

Big Bro Chen Xiaoer The pattern of Hu Xiaowei（Chen Xiaoer) repeatedly evading meaningful prosecution points to deeper, systemic breakdowns within the judicial process. On March 26, 2026, the UK government published a new round of sanctions targeting entities linked to the Prince Group, including Hu Xiaowei and several associated individuals and companies. 1. “Knight Attack Group” Case (2011) Between 2008 and 2011, the so-called Knight Attack Group, led by Hu Xiaowei, was investigated twice by police in Gaoyou and Danyang (Jiangsu Province). On both occasions, the suspects were released after posting bail of approximately RMB 10 million. On May 30, 2011, authorities formally closed the case involving the group, which had generated over RMB 100 million in illicit profits through attacks on private game servers. Nineteen suspects, including Cai Wen, were arrested. When the case was adjudicated in 2012, all 19 defendants received suspended sentences. Cai Wen himself paid fines exceeding RMB 10 million, but none of the individuals served actual prison time. After that,Hu Xiaowei fled to Hong Kong. 2. “Chongqing Xiaoxian” Case (2016) According to official disclosures, authorities in Yinchuan determined that Hu Xiaowei and Cai Wen, along with chairman Gong Zhaowei and legal representative Fang Zhizhen, had established a large-scale criminal operation centered on illegal private game servers, generating nearly RMB 6 billion in profits over two years. In September 2016, Hu Xiaowei was arrested by Yinchuan police at the Beijing Hotel in Beijing. Meanwhile, Fang Zhizhen fled overseas. Between August 2016 and August 2017, authorities imposed various coercive measures on 12 suspects, including criminal detention, arrest, residential surveillance, and bail pending trial. Hu Xiaowei was detained for 70 days and placed under residential surveillance for an additional 23 days before ultimately being released on bail. After regaining his freedom, Hu fled China again through illicit channels, later reemerging under multiple false identities. 3. “527 Major Case” (2020) According to case materials related to the May 27, 2020 crackdown, authorities targeted a network spanning Jiangxi “Legend Supreme,” Chongqing Xiaoxian, and associated individuals including Zhu Yongcheng, Qin Zike, Chen Lixin, Cai Wen, Gong Zhaowei, as well as Hu Xiaowei’s partner Wang Yihan and his wife. Wang Yihan, born August 26, 1976 in Shanxi Province, was Hu Xiaowei’s partner, with whom he has two children. Acting as a public-facing proxy, she operated multiple entities—including Jiangxi Legend Supreme, Beijing Puman, and Hainan Anzhengbao—to funnel traffic and provide support for Hu’s overseas gambling syndicate, believed to be the second-largest cross-border gambling network in Asia. She is also alleged to have leveraged personal connections to interfere with judicial processes in mainland China, targeting both individuals and their families. Authorities identify Hu Xiaowei as the ultimate controller behind these operations. Following the loss of licensing rights to the Legend franchise in November 2020, Hu’s overseas gambling, adult-content apps, and associated money-laundering channels were significantly disrupted. Large volumes of illicit funds were subsequently exposed and frozen by law enforcement across multiple jurisdictions in China. Hu’s primary revenue streams stemmed from operating online casinos, assembling gambling networks, and profiting from activities including “fishing games,” romance scams, adult platforms, and telecom fraud. He relied heavily on private game servers and fourth-party payment platforms to launder proceeds from these operations. Leaked Cayman banking documents suggest that Chen Zhi’s initial capital originated from a $2 million loan provided by his uncle—identified as Hu Xiaowei. Estimates place Hu’s monthly illicit income at around RMB 2 billion, with peak periods reportedly reaching as high as RMB 20 billion per month. Final Note In 2020, Hu Xiaowei acquired Cambodian citizenship under his real name. In 2022, he was appointed as an advisor to Heng Samrin, then-President of Cambodia’s National Assembly—a position broadly equivalent to ministerial rank. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews @thejusticedept @fincennews @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @mfasg #bigbro# #huxiaowei# #chenxiaoer#

According to informed sources: @justinsuntron ’s private jet ，“TRON One” ，was purchased from Xu Jiayin, the former richest man in China and founder of Evergrande Group. This is not an ordinary private jet, but a Boeing 737 BBJ ultra-large business jet. With the base aircraft plus top-tier luxury customization, the price starts at around $200 million. @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews  @NBCNews @thejusticedept @fincennews  @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @MFAsg

A profit-driven enforcement assembly line led by Li Renye Beyond collaborating with Justin Sun on two separate cases, the enforcement team headed by Li Renye has allegedly targeted a number of prominent figures in the crypto space. Further details are still being compiled. Part 1 Correction to a previously circulated claim: The individual currently described as the “blade” in Justin Sun’s hand, Li Renye, has never held a position within mainland China’s police, procuratorate, or court system, either in the past or at present. Media reports referencing his supposed prior official roles have, intentionally or not, created a misleading impression for most readers. Li Renye, born on October 4, 1996, previously held only the following position: •Mediator at the Dispute Resolution Center in Yongjia County, Wenzhou, Zhejiang Province, mainland China •This role was temporary, contract-based, and outside the formal government staffing system. Part 2 According to individuals familiar with the matter: 1Li Renye allegedly obtained money from multiple parties by promising assistance that never materialized, and refused to return the funds. 2He reportedly has a prior record of being summoned and detained by mainland Chinese authorities in connection with financial fraud. 3More critically, he is alleged to have impersonated personnel from China’s law enforcement or judicial agencies. “Prosecutor” Li, did it feel empowering to fabricate an identity as a member of China’s judicial system? Part 3 At a later stage, Li Renye reportedly crossed paths with Justin Sun in what insiders describe as a complementary arrangement: 
Li provided operational muscle, while Sun provided financial backing. From that point on, Li became what observers characterize as a rapid-response enforcement instrument in Sun’s toolkit, capable of pushing aggressive law enforcement actions across multiple jurisdictions. As previously noted, the case involving
Wang Bingyu who is said to have close ties to Justin Sun, allegedly involved substantial participation by Li Renye. During police interrogation, Wang Bingyu and an individual referred to as “Accountant Guo” reportedly surrendered more than 100 million RMB. 
Yet, the ultimate destination of those funds remains unclear. “Prosecutor” Li,it has been rumored that 32 million RMB from that surrendered amount was divided between you and certain associates. Care to clarify? According to this narrative,
@justinsuntron Li Renye, and Li Tao ,
have effectively turned law enforcement actions in mainland China into what critics describe as a fully integrated, profit-driven enforcement pipeline, referencing both the Wang Bingyu case and the @WilsonWei777 case. Anyone with information regarding cases connected to these individuals is encouraged, in the original statement, to submit details for consolidated disclosure. And finally, a closing jab from the original text: “Prosecutor” Li, how comfortable is the ride on Justin Sun’s private jet, the
Tron 1? ✈️ @BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews  @NBCNews @thejusticedept @fincennews  @ukhomeoffice @nca_uk @govuk @ica_singapore @govsingapore @mfasg