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)