📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Jinse Finance reported that lawyer Chen Yuexin, deputy director of Setia Law Firm in Singapore, said that according to the analysis of Chainalysis, an American blockchain analysis company, more than US$25 billion (about S$33.8 billion) will be laundered through virtual currencies in 2022. She pointed out that with the development of technology, virtual currencies or online assets can be used to launder money as well as traditional assets (such as cars). For example, a house in the virtual world game Second Life can easily be purchased outside of Singapore and then exchanged with buyers onshore for fiat currency, an asset that is not yet regulated. Since non-homogeneous tokens are similar to works of art, the price is relatively subjective. Some criminals may use the inflated price to sell NFT, and it may be "mixed" with criminal proceeds to make the money appear legal.
As for virtual currency, Chen Yuexin pointed out that although some large-scale trading platforms generally have KYC steps before new users open an account, or require users to authenticate, criminals can buy accounts that have completed authentication through different methods such as the dark web . These accounts may have been sold by the original users for profit, or they may have been hacked by other criminals and then resold.