US Secret Service seizes $1.18m in crypto in global fraud, laundering ring

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…

A gripping tale of deception has captured the media’s spotlight, especially in foreign outlets, centering on a cryptocurrency fraud case from Denver, Colorado. Eli Regalado, a pastor, alongside his wife Kaitlyn, was convicted, but what makes this case particularly intriguing is their unconventional defense.Continue Reading:Pastor Involved in High-Stakes Crypto Fraud

The post Secret Service seizes $1.18m worth of crypto in fraud case appeared on BitcoinEthereumNews.com. Scammers tricked victims into downloading a fake mobile crypto exchange app, and stole their funds if they made a transfer. Summary Federal agents seized $1.18 million in crypto from scammers U.S. Secret Service led an investigation into a global fraud ring Scammers used a fake app to trick victims into transferring their funds to them Crypto-related fraud is becoming more sophisticated, and law enforcement is stepping up. On Thursday, November 13, Federal authorities have seized and forfeited over $1.18 million in crypto connected to an international fraud and money laundering scheme. The forfeiture, led by the U.S. Secret Service, was against a group involved in a scheme that prayed on U.S. citizens. Specifically, criminals impersonated legitimate crypto advisors, and using high-pressure tactics to trick victims into transferring their assets to their accounts. The funds were then liquidated into fiat currency. “The Asset Forfeiture Unit of the U.S. Attorney’s Office and United States Secret Service worked diligently to locate, seize, and forfeit these funds, and are now working to identify eligible victims who may be compensated with forfeited funds,” said U.S. Attorney Margaret E. Heap for the Southern District of Georgia. Scammers use fake apps to lure victims The investigation started when a real estate agent in Richmond Hill, Georgia reported suspicious activity from a prospective buyer. The supposed buyer claimed to be a crypto millionaire and insisted on complicated crypto transactions. He also pressured the agent to download a fake mobile app to make the deal. The app looked like a legitimate crypto platform. However, it was actually controlled by the scammers, and used to steal funds once the victims made a transfer. The U.S. Secret Service then saw a broader pattern, with another victim in North Carolina falling prey to the same fake app. “With the continued evolution of…