TechFlow news, on February 13, according to Securities Times, Du Xueyi, Director of the Economic Crime Prosecution Department of the Supreme People's Procuratorate, said during an interview at the Supreme Procuratorate that telecommunications and internet fraud remains rampant with a severe and complex situation:
- First, fraud groups have become transnational and monopolistic. Criminals operate "industrial parks" and "technology parks" overseas, implementing management and control through means such as providing protection and armed shelter, taking commissions or fees from illicit proceeds, forming large-scale criminal organizations.
- Second, fraud methods are increasingly diversified and compound in nature. Approaches such as "pig-butchering schemes + fake investments," "gambling-fraud combinations," and "fraud-extortion combinations" are more deceptive and have led to serious violent crimes including intentional injury.
- Third, cybercrime industrial chains are becoming increasingly stable. User-friendly crime tool software has drawn a broader population into criminal activities.
- Fourth, fund channels are intertwined and concealed. Cryptocurrency money laundering has become the dominant method, enabling criminals to transfer illicit funds through "small-amount, high-frequency" transactions, making tracebacks extremely difficult.
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