According to AltcoinGordon, Hong Kong police have arrested 12 individuals involved in a $15 million cryptocurrency laundering operation, which was linked to over 500 bank accounts and 58 separate fraud cases. This enforcement action highlights the increasing regulatory scrutiny in the crypto sector within Asia, signaling heightened compliance risks for traders and exchanges operating in the region. The relatively modest sum involved underscores that even medium-scale operations are now under close watch, which may impact liquidity and onboarding processes for crypto platforms in Hong Kong. Source: AltcoinGordon on Twitter, May 18, 2025.