The Changsha Yuhua District Procuratorate disclosed a case involving the "scamming of foreign investors" related to virtual currency, in which all 11 defendants were convicted.

Odaily Planet Daily reports that the Yuhua District Procuratorate in Changsha disclosed a case involving a "foreign investment scam" using virtual currency, with all 11 defendants convicted. The case revealed that in March 2024, Liu and Li set up a well-organized online fraud den in a small apartment in Yuhua District, posing as "financially savvy women" to lure foreign men to invest in virtual currencies on fake websites. The gang created the illusion of profit by making small withdrawals, then shut down the withdrawal function to "harvest" the funds, with the total amount involved reaching approximately 340,000 yuan. (Changsha Evening News)