A Chinese developer was fined the equivalent of three years' salary for using a VPN to access government-blocked websites. The developer, who worked for a technology company in Hangzhou, was caught using a VPN to access websites such as Facebook and Twitter.

The fine, 1.06 million yuan ($144,907), is a reminder of the Chinese government's strict censorship of the Internet. The Chinese government blocks a large number of websites, including social networks, foreign media and other websites.

Hangzhou airdrops 10 million digital yuan

The city of Hangzhou in China launched a 10 million digital yuan ($1.4 million) airdrop program to promote the use of China's central bank's digital currency, the e-CNY.

The airdrop was held on September 28 and was open to all Hangzhou residents. Participants had to register on a government application and answer a series of questions about the e-CNY.

The airdrop is part of the Chinese government's efforts to promote the use of e-CNY. The Chinese government hopes that e-CNY will help reduce the use of cash and improve the efficiency of payments.

JPEX alleged that Ponzi is approaching $200 million.

JPEX, a Japan-based cryptocurrency exchange, is under investigation for suspicions of a Ponzi scheme. The investigation was launched after a Reddit forum user claimed that JPEX had paid interest to investors with new investor funds.

According to the investigation, JPEX had allegedly raised more than $190 million from investors. The exchange reportedly promised investors a return of 20% to 30% per month.

JPEX has denied the Ponzi scheme allegations. However, the exchange has suspended withdrawals.

As reported by Asia Express, the individual accessed GitHub to view the source code, answered questions at customer support, held teleconferences via Zoom and posted several threads on Twitter with the help of a VPN.

Source: Magazine Cointelegraph, Asia Express