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Wenling Police Exposes Cryptocurrency Investment Scam; Victim Defrauded of 445,000 Yuan in 20 Days

2026-07-08 13:30:57

According to Wenling Police, a victim surnamed Cui was defrauded of 445,000 yuan over 20 days through a fake cryptocurrency investment app. Cui was approached on social media by someone claiming to be a senior investment mentor who promised guaranteed returns on cryptocurrency investments. After initial small profits, Cui was lured to download a fraudulent investment app and deposited a total of 445,000 yuan. When attempting to withdraw after the app showed profits, the platform became inaccessible and the scammers disappeared. Police warned that cryptocurrency-related financial services are illegal in China, and any promises of high returns are fraudulent schemes.

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