Nano Labs Founder Dispels Hangzhou Crypto Investigation Rumors

On June 10, Jack Kong, the founder of Nano Labs, addressed rumors circulating within the community regarding a systematic investigation by the Hangzhou police into cryptocurrency practitioners. Kong clarified that neither Zhejiang Province nor Hangzhou has taken any special actions against blockchain industry practitioners, and the public security department has not initiated any actions. He suggested that the cases involved may be related to anti-fraud measures.

Earlier, there were community rumors that the Hangzhou police were conducting a systematic investigation of cryptocurrency practitioners. These rumors had caused concern among industry participants, but Kong's statement aimed to alleviate these fears by providing clarity on the situation. His statement emphasized that the actions taken by authorities were not targeted at the blockchain industry but rather focused on combating fraudulent activities.

This clarification from Kong is significant as it helps to dispel misinformation and provides a clearer picture of the regulatory environment in the region. It underscores the importance of accurate information in maintaining trust and stability within the blockchain and cryptocurrency communities. The incident also highlights the need for transparency and communication between industry leaders and regulatory authorities to address any concerns or rumors that may arise.