The police in Chenzhou, Hunan, have cracked a virtual currency investment fraud case and seized 310 grams of gold.

Gate News update: On March 29, police in Chenzhou, Hunan, uncovered a new type of investment fraud case involving virtual currency known as “two gold bars送现,” intercepting 7 parcels of gold involved in the fraud and seizing 310 grams of gold. The police investigation found that the criminals used investment and wealth management as a pretext to lure victims into purchasing gold offline and shipping it to a designated address. The illicit proceeds were then repeatedly circulated through methods such as exchanging via virtual currency and transferring to overseas accounts. Currently, the gold involved in the case is being gradually returned to the victims, and the case is still under further investigation.