TechFlow News — On August 23, according to CCTV News, Hunan police announced the breakthrough of a major cross-border telecom fraud case involving cryptocurrency. The case involved renting communication tools to overseas fraud gangs, with illicit funds exceeding 4 million yuan. The OKX wallet address of the ringleader, Xia, revealed that the cryptocurrency transaction volume used to settle fraud commissions reached over 9 million yuan—nearly 10 million yuan. Gang members primarily used the virtual currency USDT for transactions to evade traditional financial oversight.
Wen Jie, Deputy Captain of the New-Type Telecommunications and Network Crime Investigation Team at Linwu County Public Security Bureau, revealed that the criminal gang provided services to overseas scammers through two methods: "mobile gateway" and "PC端." The "mobile gateway" refers to renting out mobile phone numbers for making fraudulent calls, while the "PC端" involves renting WeChat accounts for scams. Notably, most gang members were relatively young, with many being minors under 18 years old, lured into crime by promises of high salaries.
Detailed records found on suspects’ computers included contact information for account dealers,作案 QQ accounts, timestamps, and transaction methods. The case spanned 86 cities across 18 provinces, resulting in the arrest of 62 suspects. Police warn that criminals are increasingly using cryptocurrencies to bypass regulation, urging the public to stay vigilant against emerging financial fraud schemes.
