- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Chinese Zhejiang Province: 3 Million RMB Virtual Currency Telecom Fraud Case Cracked, Funds Fully Recovered
BlockBeats News, December 19th, according to CCTV News, the Public Security Bureau of Yueqing City, Zhejiang Province, China, uncovered a virtual currency telecom fraud case. The suspects induced victims to invest 3 million yuan to purchase virtual currency, and used the excuse of "a large amount requiring offline transactions" to persuade the victims to hand the money to a so-called "money exchanger." They even coached the victims in advance on how to respond to police inquiries. In reality, the so-called virtual currency platform was completely fake, and the accounts were unable to withdraw funds.
It is reported that the 3 million yuan in cash has been recovered. Two suspects involved in the scheme have been taken into custody through criminal coercive measures, and the case is under further investigation.
You may also like
Cybersecurity Firm Warns of Shai-Hulud 3.0 Threatening the NPM Ecosystem
Key Takeaways SlowMist’s CISO has issued a warning about Shai-Hulud 3.0, a significant threat targeting the NPM ecosystem…
SlowMist Warns of Return of Shai-Hulud 3.0 Supply Chain Attack
Key Takeaways SlowMist’s Chief Information Security Officer alerted the community about the resurgence of Shai-Hulud 3.0, an advanced…
Hackers Exploit Rainbow Six Siege Servers, Ubisoft Responds
Key Takeaways Hackers successfully breached Rainbow Six Siege, distributing enormous amounts of in-game currency. Players discovered unexpected changes…
Trust Wallet Investigates Browser Extension Security Incident
Key Takeaways A recent security incident in Trust Wallet’s browser extension has affected 2,596 wallets, leading to the…
Trust Wallet Users Experience $7 Million Loss Due to Hacked Chrome Extension
Key Takeaways Trust Wallet faced a significant security breach affecting its Chrome extension, resulting in over $7 million…
Trust Wallet Browser Extension Security Incident Leads to Losses
Key Takeaways Trust Wallet identified a significant security breach in its browser extension version 2.68. Approximately over $6…
Trust Wallet Hack Results in $3.5 Million Loss for Major Wallet Holder
Key Takeaways A significant Trust Wallet hack led to the theft of $3.5 million from an inactive wallet.…
Social Engineering in the Crypto Universe: Safeguarding Your Assets in 2025
Key Takeaways Social engineering, a psychological manipulation tactic, has been the leading cause of crypto asset theft in…
Crypto Advice for Newcomers, Veterans, and Skeptics in 2026
Key Takeaways Newcomers should learn about the fundamentals of crypto and blockchain technology before investing. Experimenting with crypto…
Nofx’s Two-Month Journey from Stardom to Scandal: The Open Source Dilemma
Key Takeaways Nofx’s rise and fall in two months highlights inherent challenges in open source projects. A transition…
Enhancing the Future of Cryptocurrency Exchange: Understanding the Landscape
Key Takeaways Cryptocurrency exchange platforms are pivotal for digital currency transactions, offering diverse services tailored to user needs.…
The Evolution of Cryptocurrency Exchanges and the Role of WEEX
Key Takeaways Cryptocurrency exchanges like WEEX play a crucial role in the digital asset trading ecosystem by providing…
The Deepfake Reckoning: Why Crypto’s Next Security Battle Will Be Against Synthetic Humans
Key Takeaways The rise of generative AI and deepfakes poses a significant threat to digital identity verification in…
Rejecting the "Security Theater": Wallet Security is Entering the Era of Verifiability
The Future of Cryptocurrency Exchange: A Look into WEEX and Beyond
Key Takeaways Cryptocurrency exchanges play a crucial role in the digital asset marketplace. WEEX focuses on offering secure…
Weex: Exploring the Trends and Future of Cryptocurrency Exchanges
Key Takeaways: The dynamic landscape of cryptocurrency exchanges underscores the importance of adaptability and innovation. WEEX stands as…
Enhanced Vision of Digital Exchange Platforms
Key Takeaways The landscape of cryptocurrency exchange platforms is ever-evolving with technological advancements and market demands. The importance…
North Korean ‘Fake Zoom’ Crypto Scams: A Persistent and Evolving Threat
Key Takeaways North Korean hackers are mounting repeated daily attacks using fraudulent Zoom calls to trick victims into…
Cybersecurity Firm Warns of Shai-Hulud 3.0 Threatening the NPM Ecosystem
Key Takeaways SlowMist’s CISO has issued a warning about Shai-Hulud 3.0, a significant threat targeting the NPM ecosystem…
SlowMist Warns of Return of Shai-Hulud 3.0 Supply Chain Attack
Key Takeaways SlowMist’s Chief Information Security Officer alerted the community about the resurgence of Shai-Hulud 3.0, an advanced…
Hackers Exploit Rainbow Six Siege Servers, Ubisoft Responds
Key Takeaways Hackers successfully breached Rainbow Six Siege, distributing enormous amounts of in-game currency. Players discovered unexpected changes…
Trust Wallet Investigates Browser Extension Security Incident
Key Takeaways A recent security incident in Trust Wallet’s browser extension has affected 2,596 wallets, leading to the…
Trust Wallet Users Experience $7 Million Loss Due to Hacked Chrome Extension
Key Takeaways Trust Wallet faced a significant security breach affecting its Chrome extension, resulting in over $7 million…
Trust Wallet Browser Extension Security Incident Leads to Losses
Key Takeaways Trust Wallet identified a significant security breach in its browser extension version 2.68. Approximately over $6…
App