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Zhejiang Police Recover 3 Million RMB in Virtual Currency Fraud Case

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Zhejiang police have recovered 3 million RMB in a crypto fraud case. The suspects used telecom scams to lure victims into investing in virtual currency, falsely claiming large transactions needed to be done offline. They directed victims to hand over funds to fake "exchangers" and even coached them on how to respond to police. The crypto platform was entirely fake, and victims couldn’t withdraw their money. Authorities have seized the 3 million RMB in cash, and two people have been taken into criminal compulsory measures. The case is still under investigation.
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