Behind the $1.7 million Gate user theft: New coins are taking over Huiwang’s legacy (author Bitrace). The article says that the Newpay interface under New Asset-backed company involves money-laundering links. Victims’ funds were withdrawn in multiple transactions into the same Newpay address. Between 2025 and 2026, illegal collateral platforms in Southeast Asia expanded, making it difficult for regulators to stop them. This requires on-chain investigation and KYT/on-chain monitoring tools. Read the full article:

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