Taiwan police dismantled a virtual currency scam group, with an involved amount of approximately 100 million New Taiwan dollars

ChainCatcher news, according to a report from Reference News Network, the Changhua police announced on the 10th that they have cracked a fraud group led by a man with the surname Lin. This group conducted scams using virtual currency, and after investigation, it was found that 68 people were defrauded, with a total amount of approximately 100 million New Taiwan dollars (1 New Taiwan dollar is about 0.22 Chinese yuan). Nine members of the fraud group have been transferred to the Changhua District Prosecutor's Office for investigation, and two individuals, including Lin, have been approved by the prosecutor to be detained and prohibited from meeting.

Zhang Anjin, the deputy captain of the Criminal Investigation Brigade of the Changhua County Police Bureau, stated during a media interview that in September 2023, a man with the surname Zhan went to the police station to report that he had been lured by an online acquaintance to join a social media investment group, where he was required to meet in person to purchase virtual currency with cash, and then transfer the virtual currency to a wallet address provided by customer service personnel of the investment platform. When Mr. Zhan was about to withdraw cash, he was told that he needed to reinvest 10% of the profits as a "tax" in order to withdraw the cash. He realized he had been scammed after losing 3.4 million New Taiwan dollars and reported it to the police.