Police Shut Down Cryptocurrency Scam Operation in Wuhan

Authorities in Wuhan’s Dongxihu district have successfully dismantled a fraudulent cryptocurrency scheme targeting individuals online. Over 32 suspects were arrested, with 20 individuals placed under criminal detention as part of the operation. The group allegedly posed as wealthy individuals to build trust and deceive victims into investing in virtual currency. Victims were led to believe they would receive high returns on their investments, but their funds ultimately disappeared into the scammers’ accounts through fraudulent platforms.