Chengdu Police Warn Against Crypto Scam Involving Fake Public Security Authorization

According to PANews, Chengdu police recently issued a warning through their WeChat public account about a new type of cryptocurrency scam. Criminals and intermediary agencies are claiming to have relationships with public security authorities, even forging signatures of public security officials and creating fake contracts for the disposal of virtual currencies involved in cases. These scammers then deceive third-party companies or individuals into paying deposits and 'activity expenses' as part of the fraudulent scheme. The police have reminded the public that virtual currencies confiscated in criminal cases are strictly handled in accordance with the Criminal Procedure Law and related case handling procedures. After the investigation is concluded, the case is transferred to the procuratorial authorities, and the final judgment and disposal are carried out by the People's Court according to the law. Citizens and relevant institutions are urged to be vigilant and avoid falling victim to such scams.