On-chain investigator ZachXBT exposed an account named "Rashid bin Saeed" that attracted attention through false geopolitical information and is suspected of manipulating crypto assets. The account promoted a meme coin called CHIBI and was consistent with high volatility cases, reminding investors to be vigilant about information sources to prevent market manipulation.

PANews February 26 News, Wang Bin, the Chief of the Criminal Third Division of the Supreme People's Court, stated at the press conference on "The People's Court's Lawful Crackdown on Telecom and Online Fraud, and Property Crimes" held by the Supreme Court on February 26 that moving forward, the focus of the courts will be on cracking down on key members of criminal groups, core members, the "moneybags" behind telecom fraud, "snakeheads" organizing illegal crossings, organizations providing armed protection for cross-border telecom fraud crimes, as well as violent crimes such as intentional homicide, intentional injury, kidnapping during telecom fraud cases, and related crimes involving virtual currencies and underground banks for "money laundering."