​​Global Edition: The $18B Stablecoin Scam & Hong Kong’s Regulatory Response​​​​June 2025​​ – A fraudulent platform impersonating the Dubai Gold and Commodities Exchange (DGCX) orchestrated one of the largest crypto scams in history, swindling 2 million victims out of $18 billion in USDT by promising unrealistic 2% daily returns. The mastermind, Huang Xin, openly mocked victims with claims of taking “wealth beyond their financial IQ,” before laundering proceeds via crypto mixers to evade authorities—exposing critical gaps in stablecoin oversight.This case underscores the dual-edged nature of stablecoins: while marketed as “safe” digital dollars, their rapid adoption has outpaced retail investor education…