ChainCatcher news, according to Beijing Business Daily, on January 10, the Ministry of Public Security held a press conference where spokesperson Zhang Ming introduced the telecom network fraud issues related to Myanmar that have garnered attention from various sectors. Since the deployment of a special operation to combat telecom network fraud crimes related to Myanmar in July 2023, the Ministry of Public Security has relied on the China-Myanmar law enforcement security cooperation mechanism, directing police forces in Yunnan, Zhejiang, and other regions to conduct joint operations, fully engaging in case investigations. By the end of 2024, over 53,000 Chinese nationals involved in fraud have been arrested, completely dismantling the notorious "Four Families" criminal group in Kokang, Myanmar. The large-scale telecom fraud parks near our border in northern Myanmar have been eradicated, and the special operation has achieved significant interim results, leading to a substantial decrease in the number of telecom network fraud cases and losses nationwide. Currently, cases involving the "Four Families" criminal group have begun to enter the litigation phase.Despite the significant achievements in combating and managing these issues, the current crime situation remains severe and complex. This includes: an escalating offensive and defensive confrontation, with fraud groups continuously updating and upgrading their criminal tools using new technologies such as blockchain, virtual currency, and AI intelligence.

ChainCatcher news, according to Beijing Business Daily, the Ministry of Public Security announced at a press conference on January 10 that as of the end of 2024, more than 53,000 Chinese criminal suspects involved in telecom fraud from northern Myanmar have been arrested, successfully dismantling the "Four Great Families" criminal group in northern Myanmar's Kokang.The Ministry of Public Security pointed out that although the crackdown has been effective, the crime situation remains severe. Fraud groups are continuously upgrading their criminal tools using new technologies such as blockchain, virtual currency, and AI intelligence. These gangs are well-organized and engage in illegal activities such as app development, traffic promotion, and money laundering through cross-border collaboration.Fraudsters customize scam scripts targeting different age groups, professions, and educational backgrounds, resulting in a wide range of victims. Although the telecom fraud parks near the Chinese border in northern Myanmar have been cleared, there are still numerous fraud dens abroad disguised as "technology parks" and "development zones."

ChainCatcher news, according to Phoenix Network, the Public Security Bureau of Neijiang City, Sichuan Province held a press conference announcing that the Neijiang police recently cracked a case of illegally obtaining computer system data, which was supervised by the Ministry of Public Security, and arrested 5 people. It is reported that the gang consists of high-end "hackers" engaged in network technology, one of whom is an employee of a large cybersecurity company. They obtained citizens' personal information by writing hacking programs to gain unauthorized access, and ultimately sold citizens' personal information on overseas websites for virtual currency, with prices reaching up to 5 yuan per piece.According to police investigations, the case involves 57 government and enterprise websites, and the gang stole 208 million pieces of citizens' personal information, including flight trajectories, diplomas, and addresses, with illegal profits exceeding 6.4 million yuan. The special investigation team seized illegal gains of over 5.6 million yuan, confiscated more than 30 sets of core code for hacking tools written by the suspects, over 10 hacking virtual machine penetration attack systems, and 270 penetration scripts. The case has now been transferred for prosecution and is currently under trial.

ChainCatcher news, according to a report by The Paper, the Supreme People's Procuratorate, the Supreme People's Court, and the Ministry of Public Security jointly held a press conference on "Cracking Down on Cross-Border Fraud Crimes in accordance with the Law to Protect the Legal Rights and Interests of the People."At the conference, Zheng Xiang, deputy director of the Criminal Investigation Bureau of the Ministry of Public Security, stated that fraud groups are continuously updating and upgrading their criminal tools by utilizing new technologies and new business models such as blockchain, virtual currency, AI intelligence, remote control, and screen sharing, leading to an intensifying offensive and defensive confrontation with public security organs in areas such as communication networks and money laundering.

ChainCatcher news, the Supreme People's Procuratorate and the Ministry of Public Security have launched the third batch of 5 major cross-border telecom network fraud cases for joint supervision and handling. Among them, the '9.06' telecom network fraud case in Putian, Fujian has been confirmed to involve an amount of over 30 million yuan, with more than 150 members in the gang. This criminal group has a clear hierarchical structure and defined roles, implementing fraud through online dating and inducing investment in virtual currencies. The public security organs have arrested more than 30 individuals.

ChainCatcher news, the Ministry of Public Security recently organized a regional campaign against telecom network fraud in the "E, Hunan, Shandong, and Henan" areas, directing the public security agencies of Shandong, Henan, Hubei, and Hunan provinces to simultaneously carry out concentrated strikes, successfully capturing a large number of suspects involved in fraud, dismantling over 3,300 criminal dens, and seizing 104,000 (units) tools used for crimes such as mobile phones, computers, and "two cards," as well as confiscating cash and virtual currencies (USDT) with a total value of over 58 million yuan. (source link)

Chain Catcher News, the Ministry of Public Security is currently researching and formulating the "Regulations on the Disposal of Fraudulent Funds." A relevant person in charge of the Criminal Investigation Bureau of the Ministry of Public Security introduced that with the rapid development of internet finance, fraudsters are using various methods such as third-party and fourth-party payments, score-running platforms, digital currencies, and trade hedging. In the next step, public security organs across the country will fully implement the Anti-Telecom Network Fraud Law and further strengthen various measures for prevention, control, and management. (China Police Network)