Deepfake AI Scam Hits OKX, Zipmex License Revoked: Asia Crypto News Roundup

A deepfake AI scam targeted OKX, allegedly draining $11 million from a trader's account. OKX claims a “coin-stealing hacking gang” used deepfake AI to impersonate victims and bypass security measures. Meanwhile, Thailand's SEC revoked Zipmex's license due to financial concerns and management issues. The regulator ordered the exchange to return assets to customers, but recovery may be difficult. On a brighter note, China's Conflux network, a layer-1 blockchain initiative, received praise from President Xi Jinping, who highlighted its potential for innovation. China is also pushing forward with its central bank digital currency (CBDC) project, with the “mBridge” initiative reaching the MVP phase. This cross-border payment solution, involving China, Thailand, the UAE, and Hong Kong, aims to streamline international transactions. MicrovisionChain (MVC), a Bitcoin DeFi developer, launched a $1 million Builder Grant program to support developers building on its platform. The initiative aims to encourage innovation within the Bitcoin ecosystem.