Looks like trouble for BKEX. A Chinese court has convicted executives from the crypto exchange for running an illegal gambling operation. Reports suggest that BKEX was facilitating crypto transactions tied to gambling activities, which landed them in legal hot water.

China has maintained a firm stance against crypto-related financial crimes, and this case reinforces how serious authorities are about cracking down on illicit activities in the space.

Not much detail yet on sentencing (maybe you'll find more on this subject here), but this could have big implications for exchanges operating in gray areas. Thoughts? Could this set a precedent for tighter regulations elsewhere?

English-language resources to stay up-to-date on China's startup scene. Ideally, I'm looking for something like a Morning Brew-style newsletter or a dedicated platform similar to Tech in Asia. I've already checked out Techcrunch and some traditional media outlets, but I'm open to any suggestions. Thanks in advance!