Police Dismantle Cryptocurrency Scam Operation in Wuhan

According to Foresight News, authorities in Wuhan's Dongxihu district have successfully dismantled a rural-based scam operation, arresting 32 suspects. Of those apprehended, 20 individuals have been placed under criminal detention. The group allegedly posed as affluent individuals online to engage in fraudulent relationships, promoting virtual currency investments. Victims were persuaded to invest in cryptocurrencies through fake platforms, which falsely promised high returns. However, these funds were ultimately inaccessible and redirected to the scammers' accounts.