ChainCatcher news, according to Hong Wang reports, the Criminal Investigation Team of the Shaoyang County Public Security Bureau received a tip-off about a quick fund transfer. A sum of money related to fraud was withdrawn by someone in Wufengpu Town, Shaoyang County. After receiving the tip, the investigating officers quickly launched an investigation and arrested a suspect named Wu.During the interrogation, Wu confessed to contacting fraudsters for profit by providing his bank card to receive the fraudulent funds, and illegally exchanging them for virtual currency to hand over to the higher-ups in the criminal organization. Currently, Wu has been criminally detained in accordance with the law, and the case is under further investigation.