Chinese police arrested eight people suspected of defrauding cryptocurrency investors in the country and confiscated a total of about 6 million yuan (about $946,000) worth of cryptocurrencies.
According to the statement made by the authorities in Chizhou city of Anhui province, the crime network, which is thought to be connected with the suspects, has attracted crypto investors in total so far. 50 million yuan scammed.
Scammers ask investors to send money to an “anonymous pool” and launder the money again with the consent of the investors, and in this way hundreds of investors He is suspected of cheating.
Chinese police have launched an investigation into the incident after an investor lost nearly 590,000 yuan worth of cryptocurrencies in June last year. Eight suspects from provinces such as Guangdong, Sichuan and Hunan were arrested, while tens of millions of yuan assets were seized, including luxury cars and villas.
While no official information has been released about the scam project, local news sources are speculating that it may be linked to Gainswap.
According to reviews by blockchain analytics firm Chainalysis, investors around the world will spend more than 2021 due to cryptocurrency scams. 7 billion 700 million dollars with an increase of 81 percent compared to the previous year they lost money. It is estimated that about 37 percent of this is due to rug pull cases.
Bitcoin mining until last year from the centers authorities in China, which is considered “illegal [faaliyetlerin] It had imposed comprehensive bans on cryptocurrency trading and mining as of last year in an effort to “root it out”.