The Malaysian government withdrew its support for Malaysia Blockchain Week following controversy over an after-party featuring former OnlyFans influencer Siew Pui Yi. In Hong Kong, 25 romance scam cases were reported between July 24 and 30, defrauding victims of a combined $9 million, with one individual losing $3.3 million. Meanwhile, the Vietnam-linked Fun Coffee scheme promising up to 222% annual returns has collapsed in Hong Kong. Hong Kong-licensed cryptocurrency exchange HashKey Exchange received JPMorgan Chase approval to open a client money account. In Singapore, crypto prime brokerage FalconX cut 10% of its global workforce and plans to withdraw its license application with the Monetary Authority of Singapore.
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