Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Lechang Court concludes case involving cryptocurrency "foreign scam": Do not believe the fallacy that deceiving foreigners is not illegal.
2025-11-02 08:11

Odaily Planet Daily reports that the Lechang City People's Court in Shaoguan, Guangdong Province, has concluded a case of fraud involving foreigners. After gaining the victims' trust, the criminals guided them to invest in virtual currency on a fake platform, thereby defrauding them of their money. The Lechang Court sentenced the criminals to prison terms ranging from six to eight months and imposed fines. The judge reminded the public that the claim of "only defrauding foreigners" is not a legal exemption; overseas is not a lawless zone, and one should not believe the fallacy that "defrauding foreigners is not illegal." (Lechang Court Official WeChat Account)