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According to First Financial News, recently Futu and ChangQiao have both started to clean up accounts that opened with false documentation, as well as empty accounts with no assets or positions, processing the closure of these two types of accounts.At the same time, the Futu NiuNiu APP has added a new quick access entry for "Update Identity Information" in the "Account" section, along with a document titled "Instructions for Updating Identity Information," reminding customers that if they hold valid foreign identity proof, the completion of the information update will not affect any account transactions, fund deposits, or withdrawals, and other business functions.

On-chain analyst "b-block" posted on social media on Monday that a counterfeit Uniswap website is stealing funds from multiple wallets, with assets held by the scammers valued at over $400,000. Stacy Muur, founder of the Web3 marketing agency Green Dots, shared screenshots of false sponsored results from search engines, criticizing Google for ignoring this issue for years, leading to fake links ranking above real ones, resulting in users continuously being scammed.According to Etherscan data, the two flagged addresses hold a total of about 146 ETH, valued at approximately $306,000. DeFiLlama pointed out that fake ads on Google are a common source of phishing attacks. The crypto nonprofit organization Security Alliance (SEAL) reported in April that phishing activities on Google searches significantly increased in March, with attackers deploying highly deceptive fake ads by paying for or hijacking legitimate ad accounts, using seemingly real URLs to bypass Google's automatic checks, and loading malicious payloads through hidden iframes.SEAL has blocked over 356 malicious ad links and stated that the volume of Google ads deployed by attackers has remained stable for over a year, with no slowdown in attack activities. Reports indicate that between March 13 and 30 alone, a total of $1.27 million was stolen. Additionally, earlier this month, there were malicious ad campaigns targeting Mac users that utilized Google ads and the AI chatbot Claude for shared chats. Malwarebytes also reported that Facebook is similarly a hotspot for fake ads and scams.

The law firm Burwick Law has filed a federal class action lawsuit in the Southern District of New York (SDNY) against the creators of AI16Z and ELIZAOS, including defendant Walters, accusing them of violating consumer protection laws, false advertising, and unjust enrichment. Legal documents show that the defendants are accused of leveraging the brand reputation of Andreessen Horowitz (a16z) to package the project and issued the AI16Z token on Solana on October 24, 2024, later renamed ELIZAOS. The complaint alleges that the project claimed to have self-investing AI agents, which were actually operated manually, and did not generate revenue during the lawsuit period.On January 2, 2025, the token price reached a historical high of approximately $2.47, with a market capitalization exceeding $2.6 billion, and subsequently collapsed due to large holders reducing their positions. On-chain data shows that the most profitable traders realized approximately $39 million in profits.

According to Globenewswire, the American law firm Bernstein Liebhard has announced that it has filed a securities fraud class action lawsuit on behalf of investors against the Nasdaq-listed cryptocurrency exchange Gemini Space Station, alleging that Gemini made false statements regarding its business operations and prospects in its prospectus and related disclosures, particularly accused of exaggerating the viability of its core cryptocurrency platform business. Investors wishing to serve as lead plaintiffs must submit their applications by May 18, 2026.It is reported that Bernstein Liebhard is a well-known investor relations law firm that has previously filed class action lawsuits against companies such as Ruhnn, Apple, and AsiaInfo-Linkage.

The People's Daily of China published an article titled "Disrupting the Capital Market, These Chaos of Financial Self-Media Accounts Need to Be Vigilant," which specifically names certain accounts that attract traffic for virtual currency trading by posting false profit information such as "hundred times coin" and "making millions a month from trading coins."The article again cites a previous notice from the central bank and eight other departments, emphasizing that activities related to virtual currencies are considered illegal financial activities. It points out that accounts and platforms providing traffic and technical services for illegal virtual currency trading are suspected of violating laws and regulations, which may threaten financial security and anti-money laundering efforts.

U.S. President Trump stated that the failing New York Times and the fake news CNN reported a completely false ten-point plan regarding the Iran negotiations, aimed at discrediting those involved in the peace process, and all ten points are fabricated scams.

DWF Labs managing partner Andrei Grachev posted on X platform, stating that some media have spread misinformation about his claim that "altcoins will never rise."He indicated that the current market is in a phase of activation and expansion, suggesting to pay attention to actual market performance, and reminding that one should not blindly trust media reports, but rather judge based on original information sources. Previously, he disclosed that he had increased his holdings in altcoins, Bitcoin, and BNB in February of this year, and plans to wait for a market rebound.

Former U.S. President Trump posted on the Truth Social platform, stating that Iran has long excelled in media manipulation and public relations, and is now using AI as a new tool for misinformation. Iran showcased fake images of suicide speedboat attacks, but these speedboats do not exist. Trump mentioned that, according to reports from the Wall Street Journal and other media, of the five U.S. refueling aircraft that were previously reported shot down, all but one new aircraft have returned to service.Iran also collaborated with the media to fabricate AI-generated images of the USS Abraham Lincoln burning at sea, but the ship has not actually suffered any attacks. Trump stated that FCC Chairman Brendan Carr is reviewing the broadcast licenses of certain news organizations.

According to Binance's official blog, Binance officially filed a lawsuit against The Wall Street Journal on March 11, due to a report published by the media on February 23, 2026, regarding sanctions on Iran.Binance claims that the relevant content contains false and defamatory statements, which have led government officials to initiate baseless investigations against it. Binance's global litigation head, Dugan Bliss, stated that the lawsuit aims to hold The Wall Street Journal accountable for prioritizing traffic over journalistic integrity.

Binance's co-CEO Richard Teng posted on the X platform: "Recently, there have been some false reports regarding our compliance program. The Wall Street Journal published defamatory statements, and despite our efforts to clarify the facts, the journalist did not acknowledge any corrections we made regarding the relevant allegations. We have sent a letter requesting an immediate correction and complete retraction of these false statements."In a previous clarification regarding the compliance program, Binance stated that recent reports about its sanctions compliance relied on incomplete and inaccurate descriptions that did not reflect the full facts and complete investigation records. Regarding the risk exposure to Iranian cryptocurrency exchanges, Binance has reduced its direct risk exposure to the country's four major exchanges by over 97.3%, from $4.19 million to $110,000.

On Wednesday, South Korean lawmakers questioned Bithumb CEO Lee Jae-won about a $4 billion Bitcoin transfer error caused by human error. The incident occurred during a promotional event last week, where an employee mistakenly processed customer payments in Bitcoin instead of Korean won, resulting in the creation of false Bitcoins in the market. Democratic Party lawmaker Min Byeong-deok stated that Bithumb gifted Bitcoins that the company did not own, which constitutes naked short selling.Currently, the Financial Supervisory Service has launched an investigation into the compliance systems and risk management of the country's second-largest digital asset platform. Financial Services Commission Vice Chairman Kwon Dae-young stated that the government believes this incident has exposed risks related to virtual assets and vulnerabilities in internal control systems, and will seek institutional reforms through an emergency response team, including inspections of all exchanges.

YZi Labs issued a letter to the board of CEA Industries stating that CEA Industries' claim of a "secret agreement" with YZi Labs is completely false. The board was already aware of the contents of the agreement, and the law firm Winston & Strawn also provided advice, with board members Alexander Monie, Hans Thomas, and then-CEO of 10X Capital Namdar being involved throughout. The so-called "secret" is merely a misleading statement to the public.The request by CEA to terminate the Strategic Services Agreement (SSA) is equally absurd. YZi Labs terminated the agreement on December 11, 2025, and formally notified the board in writing on December 13. The SSA did not result in any payments and does not affect the negotiations of the 10X asset management agreement.The board is attempting to cover up the facts under the guise of an "investigation," concealing their inaction regarding known circumstances. YZi Labs calls on the board to immediately clarify the misleading statements, fully disclose the related party transactions involving Hans Thomas, and effectively safeguard shareholder interests.

Crypto KOL and Rollbit partner Alex Wice posted on X platform that Ryan Salame is in prison for refusing to testify against SBF, which reflects flaws in the U.S. judicial system. Alex Wice believes that SBF was deprived of the right to present evidence during the trial, as Judge Kaplan rejected his defense based on "relying on legal advice" and excluded evidence related to solvency and service terms.Alex Wice pointed out that the narrative of the trial was a fabricated story conceived by the prosecutors and Sullivan & Cromwell, aimed at placing all blame on SBF. In fact, FTX had only a small funding gap at the time of bankruptcy; although SBF had management failures, there was no fraudulent intent, and he always tried to keep FTX running to repay customers. He believes that if SBF had not signed the bankruptcy agreement, FTX customers might have received repayments more quickly. Alex Wice calls for the release of Ryan Salame and SBF.In response to this matter, SBF's account on X platform stated: "I fundamentally agree with all of the above points. But FTX never went bankrupt. I never filed for bankruptcy. The lawyers took over the company, and 4 hours later, they submitted a false bankruptcy filing to steal the company's assets."

Wintermute CEO Evgeny Gaevoy posted on the X platform, pointing out that the competition between SOL and public chains like ETH is meaningless, as there is currently nothing truly significant happening on-chain, and no one is winning. The essence of stablecoins remains centralized intermediaries; existing blockchains, especially perpetual contract exchanges, cannot scale to CME levels due to the bottleneck of risk engines; crypto assets like Bitcoin have lost themselves in "price increases," with institutional dominance replacing idealism, and only Vitalik still adheres to the original intention; moreover, token designs (buybacks, lock-ups, airdrops) have completely collapsed. However, he remains optimistic about the industry, believing that the market is shaking off the frenzy of "Trump pumps," which will cleanse speculative tourists and leave behind true believers.

Binance customer service representative Sisi disclosed a new type of scam on platform X and reminded everyone to pay attention to fund security. A user complained that they were scammed out of money by a "Binance executive" who promised to help solve a problem, but after the money was transferred, there was no further communication.Upon further investigation, several red flags were discovered: first, the scam was very simple; the chat screenshots and transfer records provided by the user showed that the "executive" did not verify any details, yet the user "absolutely trusted" them and transferred the money directly; second, the transfer records were suspicious, as the address claimed by the user to be the scam address was likely their own; third, the chat records "disappeared," and the user claimed that the other party had activated privacy mode, only able to provide screenshots of "post-questioning"; fourth, the account the user questioned was that of a real executive, but the executive was unaware of the situation.After the investigation, it was revealed that this was a self-directed scam targeting Binance and its users. The user fabricated chat records and transfer records (using a certain guarantee platform for the transfer records), then falsely claimed that the chat records were deleted, and later questioned the real executive's account, creating two sets of "executive" screenshots. Then, they approached customer service with the real executive's chat records, requesting verification, attempting to induce a response from customer service, and threatening to apply pressure through social media if assistance was not provided.Sisi stated that the purpose of sharing this publicly is to raise awareness and prevent various new types of scams. They also warned scammers and speculators that actions attempting to frame Binance through forgery and deception will be firmly exposed and legally pursued. Binance reminds users that the platform will not proactively contact users through unofficial channels, nor will it ask users to transfer funds or pay any fees to designated addresses.

According to CoinDesk, Circle has clarified that a recent press release claiming the launch of a tokenized gold and silver trading platform "CircleMetals" is false information. The news was released on Christmas Eve, faking Circle's brand and executive statements, and directing users to connect their wallets to participate in the exchange of USDC for gold (GLDC) and silver (SILC) tokens. Circle has confirmed that it has never launched this service, and the related website has been taken offline. Circle reminds users to be vigilant and not to trust unverified links and wallet connection requests.According to previous news from ChainCatcher, Circle launched a tokenized gold and silver swap service based on USDC.