ChainCatcher news, on October 25, the Ministry of Public Security held a special press conference in Beijing to report on the effectiveness of the measures taken by the national public security organs to combat and rectify ethnic asset unfreezing fraud crimes.Zhou Qiancheng, head of the Criminal Investigation Division of the Ningbo Public Security Bureau in Zhejiang Province, introduced that at the beginning of this year, Ningbo public security organs discovered that local residents were participating in the "China International Plum Blossom Association" ethnic asset unfreezing fraud project. Upon investigation, it was found that the suspects established an illegal organization called "China International Plum Blossom Association" as bait with high pension returns, recruiting participants from all over the country, and collecting fees under the names of "membership fees," "venue fees," "certificate fees," and "personal income tax," using virtual currency to launder money and illegally profit. The involved funds have been confirmed to exceed 58 million yuan.Currently, the case is still under further investigation.