Two Chinese nationals fined in Malaysia over crypto fraud conspiracy
- —Chen Le and Zhong Guoxuan pleaded guilty on Sept. 21 in Johor Bahru court
- —Each was fined 4,700 ringgit
- —The scheme used non-existent online crypto investment products
- —Charges were filed under fraud and criminal conspiracy provisions
Why it matters: The case highlights Southeast Asia's crackdown on crypto fraud, where fake investment schemes remain widespread.
Source: TokenPost