重生者

On December 12th at 3 PM, the first phase of the "Goddess Cup" contract challenge at Binance Square will offer a 100,000 Santahat airdrop reward to 6 participants. Please come to the live room at @徐有财XYC , and we will see you tomorrow!

Goddess Cup (BTC2025). The first phase of the contract competition is coming!
Lock in Xu Youcai XYC's live broadcast room at 3 PM (UTC+15) on December 12th.
Participate to win triple benefits:
First Prize (worth 88 USDT)
3 monthly competition tickets for regular host seats
A luxurious lineup is ready: Chinese and English live female translator Cherry, DJ Shi Zhenxiang, and 4 invited soul singers, Oujibake, Neuro Cat, Ranger, and Li Feiyu. Additionally, many top streamers will be present on site! @币安中文社区 @徐有财XYC #cherry財神爺獨身女直播間 #santahat $BTC $ETH $BNB

The JPEX exchange fraud case is the largest cryptocurrency scandal in Hong Kong's history. Two years after the incident occurred in 2023, the investigation is still ongoing and has not fully concluded, with the amount involved exceeding 1.6 billion HKD and over 2,700 investors suffering losses.

JPEX was registered in Dubai in 2020, primarily targeting the Hong Kong market. It falsely claimed to hold trading licenses for virtual assets in multiple countries, including the U.S. and Canada, and labeled itself as a 'Japanese cryptocurrency exchange' to create a facade of compliance. In reality, the relevant licenses were only for foreign exchange trading. The platform launched the 'Earn' product, luring investors with an enticing annual return of 20% for Bitcoin and 21% for Ethereum, while saturating Hong Kong subway stations with offline advertisements, opening over-the-counter trading shops, and enlisting KOLs like Lin Zuo for promotion, brainwashing investors from all angles.

In July 2023, users from mainland China reported difficulties in withdrawing funds. Some users seeking to protect their rights were ambushed and beaten after arriving in Hong Kong. On September 13 of the same year, the Hong Kong Securities and Futures Commission issued a warning, stating that JPEX was operating illegally without a license, but JPEX countered that it was facing unfair regulatory suppression. On September 17, platform users were completely unable to withdraw funds normally; not only were high-interest products delisted, but the withdrawal fee for USDT skyrocketed from 10 USD to 999 USD, with a single withdrawal limit set at only 1,000 USD, effectively freezing users' assets.

On September 19, 2023, the police launched 'Operation Iron Gate,' initially arresting 8 individuals, with the number of arrests gradually increasing to 80. By November 2025, the case had made significant progress, with 16 individuals officially prosecuted, including core members of the platform and promotional KOLs. At the same time, Interpol issued red notices for Mo Junting and 3 other masterminds involved in fund transfers and money laundering, who have fled overseas since the incident.

As of November 2025, the police had only frozen 228 million HKD in assets, which is significantly less than the 1.6 billion HKD at stake, with investors receiving an average return rate of less than 15%. On the 6th of that month, 16 defendants appeared in court, and KOLs involved, including Lin Zuo, were released on bail after posting bail bonds, while the case continues to progress.

$FHE Violent surge, 0.06U is just the beginning?

In the past few days, the market has been quite exciting, and $FHE is indeed impressive. The current price is around 0.059U, which has nearly tripled since the low point on December 7, surging by 55% in just one day on December 9. The trading volume has also caught up, with the daily trading volume approaching 58,000U, and all moving averages diverging upwards, indicating a clear warming of market sentiment.

More importantly, $FHE has recently made it onto Binance's gainers list, with contract trading volume ranking 19th, just behind $SUI. This level of interest is not coincidental; there are factors pushing this momentum.

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Why the sudden surge?

In addition to the improving market sentiment, the project behind $FHE , Mind Network, has been very active recently:

· It is expanding to Solana, focusing on privacy protection for AI agents, and collaborating with @pippinlovesyou's ecosystem to develop cross-chain privacy + fully homomorphic encryption (FHE) computing.
· It has been reported by Cointelegraph and has also been highlighted by Binance Research for its FHE technology.
· It has been listed on KuCoin's contracts, and liquidity is clearly being established.

Privacy + AI is already a major narrative this year, and Mind Network has tapped into two hot topics, along with cross-chain layout, significantly expanding its potential.

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My view
The short-term surge has been too rapid, and a correction may happen at any time, especially if the broader market remains unstable. However, from a medium-term perspective, FHE technology is scarce, and the project is still in the expansion phase. If the AI privacy sector continues to heat up, there is a high probability that $FHE will see further market activity.

Advice: Don’t FOMO into high prices; it’s better to wait for a pullback to the moving averages to gradually position yourself. If you are already invested, set a stop loss and keep part of your position to bet on trend continuation.

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In summary: $FHE relies not just on speculation; it has technology, expansion, and interest, but you must manage your trading rhythm yourself.

#FHE #AI加密 #趋势交易