Right here’s what occurred in crypto right this moment

China’s crackdown on the crypto financial system broadened this week after a former authorities official was sentenced to life in jail for mining and a slew of corruption fees. In the meantime, the .cash web site has been quickly closed after it was compromised over the weekend by hackers making an attempt to rip-off customers by way of phishing assaults and social media app Good friend.tech has denied a report suggesting its database of customers had been “leaked.”

Chinese language official faces life in jail for BTC mining, different fees

Xiao Yi, a former member of the Jiangxi Provincial Political Consultative Convention Celebration Group, has reportedly been sentenced to life in jail for a slew of fees that embrace corruption, abuse of energy and Bitcoin mining.

Terra.cash web site frozen to stop extra phishing scams

Good friend.tech denies report that database of over 100,000 customers was leaked

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