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HectorDAO has filed for Chapter 15 bankruptcy in the U.S. Interpath Advisory, a firm specializing in insolvency cases, has pinpointed three primary causes for this outcome: the collapse of the Terra ecosystem, a breach in the Multichain protocol, and a subsequent theft from HectorDAO's treasury. 
Chinese law enforcement has initiated its first criminal case related to the launch of cryptocurrency tokens, accusing student Yang Qichao of creating fake digital assets. Although the case resembles a common Rug Pull scam, he was charged under a different count due to legal ambiguities. 
UK prosecutors have charged a group of individuals with the kidnapping of Chinese businessman Dylan Huang. Law enforcement reports reveal that the criminals sought a ransom of $15 million in BTC, while subjecting him to threats, physical assault, and confinement for over 30 hours. 
Tether, the issuer of the USDT stablecoin, has again provided assistance to US law enforcement by helping to recover about 1.4 million USDT stolen by fraudsters masquerading as technical support. Tether has announced that all recovered funds will be returned to the victims and that the company will maintain its voluntary cooperation with government authorities. 
A U.S. court has permitted a new lawsuit against Ripple Labs and its CEO, Brad Garlinghouse, for alleged violations of securities law. The plaintiffs in the case accuse Garlinghouse of making misleading statements during a 2017 interview, which they argue qualifies the XRP token as a security. What Crypto Issues Will the New U.S. Law Address?
An important regulatory bill concerning cryptocurrencies might receive approval this May. The U.S. House of Representatives is scheduled to vote on the Financial Innovation and Technology Act, known as FIT-21, which could significantly impact the global digital industry. 
The law enforcement of South Korea is set to confiscate the Belgrade apartment of Terraform Labs' founder, Do Kwon, situated in Serbia. Estimated at $2.2 million, the apartment is in the capital's elite district, populated by high-profile individuals like legislators, police officials, and entrepreneurs. 
LockBit Hack: Everything You Need to Know
LockBit is one of the most deployed ransomware globally. This hacking group has compromised thousands of entities, spanning financial institutions, logistics companies, and healthcare organizations. These victims are now backed by an international law enforcement task force called Operation Cronos. 
Taiwan's law enforcement agencies have requested the court to authorize the arrest of ACE Exchange's president Chenhuan Wang and four others on accusations of money laundering and fraud. They're also seeking to limit their interaction with others while under detention. 
Bulgaria's law enforcement agencies have concluded their investigation into Nexo, a leading crypto lending service, without finding any evidence of illegal conduct. The authorities made a formal announcement regarding the closure of the investigation.