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Crypto Market Highlights: Scam Crackdowns, WBTC Governance Questions, and Exchange Volume Disparities

Published on February 11, 2026

Categories: Regulation Defi Market Analysis Scams

Recent news in the crypto space covers diverse developments. Cambodian authorities have dismantled a large-scale scam operation operating from a casino, resulting in 800 arrests. Meanwhile, questions have emerged regarding the approval process for Justin Sun's HTX exchange to become a merchant for Wrapped Bitcoin (WBTC), with doubts cast on whether the WBTC DAO was properly involved in the decision. Separately, Arkham Exchange is struggling with relatively low daily trading volumes compared to industry giants like Binance and Coinbase.

Cambodia arrests 800 in latest casino scam centre raid

Cambodian police have reportedly dismantled another scam operation, this time operating from the Xinli Casino in southern Cambodia.

Did the WBTC DAO approve Justin Sun’s HTX as a merchant?

Justin Sun-owned HTX was added as a merchant to Sun-affiliated Wrapped Bitcoin, but it's not clear that the WBTC DAO was part of the choice.

Arkham to turn forgotten CEX into future DEX

Arkham Exchange's daily trading volume struggles to top $22M while rival firms like Binance and Coinbase pull in billions each day.

Sentiment Snapshot

AI-powered sentiment analysis for coins mentioned in this briefing.

WBTC -4

Social Media Prompt

A digital illustration combining three scenes: one showing police making arrests in front of a casino, another depicting a stylized Wrapped Bitcoin (WBTC) logo with a question mark over a decentralized autonomous organization (DAO) voting mechanism, and a third illustrating a small graph representing low trading volume next to towering graphs representing high trading volume, all set against a crypto market backdrop.