Hong Kong police arrested a 1 million USDT fraud gang and seized 3,000 ghost coins
According to a report from Sing Tao Daily, Hong Kong police received a report from a 35-year-old man on April 12th, claiming that he was unable to recover cash after reselling approximately 1 million yuan worth of virtual currency USDT in a shop in Tsim Sha Tsui and suspected that he had been deceived.After an investigation by the Technology and Wealth Crime Group of the Yau Tsim Police District, the police launched an operation in multiple areas of Hong Kong on May 13th and arrested three local men aged between 31 and 34 years old, who were suspected of obtaining property by deception.The police found 3,000 fake banknotes, a money clip and a counting machine in the shop. The investigation showed that the arrested men showed the victim fake banknotes and asked him to transfer virtual currency to a designated wallet, and then refused to hand over the cash for various reasons, resulting in the victim losing approximately 1 million yuan worth of virtual currency.
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