Odaily Planet Daily reported that according to the Changsha police official account, the Lituo Police Station of the Yuhua Public Security Bureau of Changsha cracked a case of virtual currency fraud using the name of "China Grain Reserves Corporation". The cash withdrawal suspect was arrested when he was about to transfer the cash, and his online supervisor was also arrested. 100,000 yuan in cash defrauded from a victim was seized on the spot. The public security organs are further investigating other criminal facts in this case and the whereabouts of the defrauded funds.