Cambodia’s National Assembly unanimously passed a new law to crack down on cyber scams that use crypto assets, with a maximum penalty of life imprisonment. The bill will be reviewed by the Senate and approved by the King. The core leaders of scam syndicates face severe penalties; analysis suggests this may only shift the crimes, and that coordinated efforts are needed to target corruption and money-laundering networks as well.

Pi Network rolls out a security update, requiring Pioneers to enable two-factor authentication (2FA) to protect users’ account and wallet security and prevent loss of funds during the mainnet migration. This move addresses ongoing scam threats and ensures that sensitive actions are approved only by the account owner. At the same time, node operators have upgraded to protocol 21.2 to improve system performance. Users must complete the mainnet migration step by step to safeguard their assets.

Recently, rumors that the world’s longest-living tortoise, Jonathan, had died were confirmed to be a cryptocurrency scam. A forged veterinarian account was intended to lure investors. The incident caused Meme coin prices themed around Jonathan to surge and then quickly fall, exposing the crypto market’s sensitivity to false information and reminding investors to verify the source of information carefully.

The latest research shows that Japan’s Gen Z has stronger risk-awareness in the cryptocurrency space, especially staying alert to scams on social media. Overall data indicates the main concerns include understanding how cryptocurrencies work, price volatility, and scam risk. Older groups focus more on technical complexity, while Millennials are the most active investors. About 50% of respondents have not been exposed to cryptocurrencies, and their information mainly comes from traditional news and social media, with YouTube having the greatest impact on decision-making. In the future, targeted education will be needed to increase user engagement.

The UK has imposed new sanctions on Southeast Asian scam networks, naming Chen Zhi and his long-time collaborator Hu Xiaowei, and sanctioning the cryptocurrency exchange "New Coin," alleging that it supports fraudulent activities.

The UK imposed sanctions on scam networks in Southeast Asia, including Hu Xiaowei, who is closely linked to the founder of the Cambodian royal prince group, Chen Zhiming, whom it refers to as "Wu Anming." It also stated that he is a long-term collaborator of Chen Zhiming and provides support. At the same time, a virtual currency trading platform was also sanctioned for offering crypto services that facilitate scams.

The Central Bureau of Investigation in India has arrested a suspect named Sunil Nellathu Ramakrishnan, accusing him of serving as a coordinator in a trafficking network related to Southeast Asian online scams. This network lured Indian citizens to Myanmar to participate in scam activities, and the CBI has collected relevant digital evidence, with the investigation still ongoing.

Vietnamese police have cracked a massive cryptocurrency fraud case, arresting businessman Eric Vuong and six accomplices, with the amount involved reaching several billion dollars. The gang sold counterfeit coins to users through the fake platform ONUS, and police have summoned over 140 people for investigation.

The UK Foreign Office and Home Office announced sanctions against Xinbi and Southeast Asian scam networks in the cryptocurrency market, freezing multiple assets, including office buildings worth £100 million. This action aims to cut off the financial infrastructure of the scam networks and promote international cooperation.