TechFlow reports that on May 16, the Public Security Ministry’s Criminal Investigation Bureau published an article titled “Beware of Online Fraud Targeting Minors” on its official WeChat account. The article exposes a new type of online fraud chain characterized by “gaming-based traffic diversion + impersonation of public security, procuratorial, and judicial organs + virtual currency money laundering.” Fraudsters post advertisements on gaming and social media platforms to lure minors into adding them as contacts; they then use intimidation and other tactics to obtain funds from the minors’ parents’ accounts. The illicit proceeds are split and withdrawn via black-market and gray-market platforms before being used to purchase virtual currencies. These virtual currencies are not constrained by geographical boundaries and can silently flow back to overseas fraud hubs—achieving “physical isolation” for cross-border fund transfers. The Criminal Investigation Bureau warns that public security, procuratorial, and judicial organs never conduct investigations online, never threaten victims with deductions, and never request passwords or verification codes.
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