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Zhejiang Police Recover 3M RMB in Virtual Currency Fraud Case

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Zhejiang police recovered 3 million RMB in a crypto fraud case on December 19. The Yuyao Public Security Bureau took down a telecom fraud ring that used fake virtual currency platforms to lure investors. Scammers told victims "large amounts require offline transactions" and directed funds to fake exchangers. The suspects also coached victims on how to respond to police. The 3 million RMB in cash has been recovered, and two suspects are under criminal compulsory measures. The investigation continues. What is crypto fraud? It often involves fake platforms and false promises.
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