Victims of Hong Kong crypto scam seek return of $29 million, bankers criticize stablecoins.

From Cointelegraph

October 31, 2024 6:27 PM:

Victims of a cryptocurrency scam in Hong Kong are seeking the return of $29 million seized by police. Central bankers have criticized stablecoins, citing concerns about financial stability. Authorities have arrested crypto scammers who used ill-gotten gains to purchase luxury condos.

Read more at Cointelegraph: ‘Hong Kong’s FTX’ victims win lawsuit, bankers bash stablecoins: Asia Express