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October 27
- Inside the $15 Billion Bitcoin Black Market: The Rise and Fall of Chen Zhi, the Cyber Fraud Tycoon
➀ Chen Zhi, from a small town in Fujian, rose to become a tycoon in Cambodia's real estate market at 28, but was later charged by US authorities as the mastermind behind a transnational cyber fraud empire.
➁ His bitcoin worth about $15 billion was seized, and he was also sanctioned by the UK.
➂ Chen Zhi's relatives and villagers remember his rise through fraud and his eventual downfall.
October 11
- Japan's Government to Invest in Semiconductor Company Rapidus
➀ The Japanese government is considering investing in Rapidus, a semiconductor company aiming to mass-produce the next generation of semiconductors by 2027;
➁ The government plans to exchange funds for Rapidus' shares, with the government-funded factory to be built by Rapidus;
➂ The government has already decided to invest a total of 920 billion yen (about 4.36 billion RMB) through the New Energy and Industrial Technology Development Organization (NEDO) under the Ministry of Economy, Trade and Industry (METI) as a research and development fee;
➃ Rapidus is constructing a factory in Chitose, Hokkaido, and plans to start trial production lines in April 2025.