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307 suspects who committed cross-border fraud by setting up a "virtual currency" investment platform in the Wa State area in northern Myanmar were ha

307 suspects who committed cross-border fraud by setting up a "virtual currency" investment platform in the Wa State area in northern Myanmar were ha

CointimeCointime2024/08/21 11:33
By:Cointime

On August 21st, according to CCTV News, in order to completely eliminate telecommunications network fraud in northern Myanmar, under the command of the Ministry of Public Security, Yunnan Provincial Public Security Organs and relevant law enforcement departments in Myanmar have carried out border law enforcement cooperation and successfully arrested 307 Chinese criminal suspects who have committed cross-border telecommunications network fraud in the Wa State area of northern Myanmar, including 20 online fugitives, and seized a large number of mobile phones, computers and other tools used in the crime. According to the investigation, the gang was hiding in Wa State and using a virtual currency network investment platform to induce victims to commit fraud by buying and selling virtual currency at a low price and selling it at a high price on the platform. At present, all criminal suspects and evidence items involved in the case have been smoothly transferred to our side through the Menglian Port in Menglian County, Yunnan Province. At the same time, Yunnan Provincial Public Security Organs have launched a simultaneous crackdown on 9 domestic accomplices in the case, and the investigation work of the case is proceeding intensively.

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