ChainCatcher news, according to China News Network, the Yunlin District Prosecutor's Office in Taiwan recently cracked a fraud case, with the victims losing more than 134 million New Taiwan dollars (approximately 4.2 million US dollars). It is reported that last July, the police arrested a 30-year-old "runner" (referring to someone who specifically helps fraudsters withdraw scam funds) named Chen, who was suspected of committing fraud using virtual currency. Subsequently, another 28-year-old "runner" named Chen was arrested, and the local court approved a request for detention.The prosecution stated that it was discovered that the involved "runner" named Yu was a member of the Bamboo Union's Mingren Society, and his superior, Wu, led dozens of Taiwanese "runner" groups, having managed more than 40 virtual currency wallets. The prosecution indicated that more than 20 searches were conducted throughout the case, seizing over 90 million dollars in cash and virtual currency worth more than 50 million dollars. A total of 33 individuals involved in the case were prosecuted for crimes including fraud, leaking secrets, forgery, and money laundering.

ChainCatcher news, seven top operators of the virtual currency exchange V Global have been prosecuted for fraud amounting to 2 trillion won (approximately 1.4 billion USD) and were sentenced to imprisonment by the appellate court.On August 22, the Suwon High Court overturned the first instance's 8-year sentence. Yang and others were accused of defrauding approximately 2.2 trillion won from about 52,000 members through false promises. The remaining six operators maintained the first instance's ruling, receiving sentences of 3 years in prison with a 5-year probation. Yang and the other two were taken into custody immediately.

ChainCatcher news, according to The Paper, the first STRK cryptocurrency fraud case in Changzhi, Shanxi has been successfully solved. Recently, the Cybersecurity Team of the Xiangyuan County Public Security Bureau received a report from a victim, stating that 40,000 STRK coins obtained through the official STRK development program were fraudulently claimed by others. With the support of the Cybersecurity Division of the Changzhi Public Security Bureau, the Xiangyuan cyber police, based on relevant clues, ultimately identified the suspect as a Lan from Meizhou, Guangdong Province. On April 25, special police officers went to Guangdong Province to conduct investigations, and after monitoring, successfully arrested the suspect Lan, seizing 2 mobile phones and a computer on site.Investigation revealed that the suspect Lan purchased numerous Tg accounts and Discord accounts, generated a large number of STRK receiving addresses, and simultaneously searched for relevant proof of work submitted by others, impersonating others and submitting over 40 ECMP forms, fraudulently claiming 40,000 STRK coins belonging to the victim and transferring them to his own OKX wallet, which were then exchanged for 91,000 USDT (equivalent to over 637,000 yuan).Currently, the suspect Lan has been subjected to criminal coercive measures in accordance with the law, and the case is under further investigation.

ChainCatcher news, the Dongyang People's Court issued a notice on the return of funds in the fraud case involving Zhou Sheng, He Yan, and others. The notice states that based on the effective criminal judgment documents such as Zhe 0783 Criminal First 560 and the information verification registration, the first round of fund return work for the involved funds that have been collected is being carried out. The specific matters are announced as follows: the registration for this fund return work will start from the date of the announcement and will last for 1 month. The recipients of the fund return are investors who have invested in the fraudulent digital currency platforms SIE (later renamed BTUE), CFEX, LKF, GDbit, etc., and have overall losses. The amount of this return is calculated based on the amount of loss and the funds that have been collected, determining a uniform refund ratio.It is reported that this fund return will be conducted through the release on WeChat official accounts, links, and scanning QR codes to enter the APP for information registration, with backend review and confirmation. After passing the review, the payment will be assisted by the Dongyang branch of the Industrial and Commercial Bank of China.In August 2019, the Dongyang Public Security Bureau launched an investigation into digital currency fraud platforms such as SIE, CFEX, LKF, and GDBIT, and key members of this fraud group were successively captured and brought to justice. This fraud group fabricated activities related to blockchain technology development, developing digital currency trading platforms through a technical team, forming a complete fraud industrial chain.In September 2021, according to the Zhejiang Procuratorate, all 171 defendants involved in this digital currency fraud series case, with an amount involved reaching 380 million yuan, were tried and sentenced.

ChainCatcher news, the first instance of the H Digital Exchange virtual currency fraud case prosecuted by the Shenzhen People's Procuratorate has been judged, with 15 defendants sentenced to fixed-term imprisonment ranging from 3 to 13 years. This series of cases involves nearly 1,500 victims, with a total fraud amount reaching 220 million yuan.It is reported that the defendants illegally established the H Digital Exchange platform through servers located overseas and operated the trading of their self-created U coin to defraud investors. They distributed enticing and deceptive promotional materials for the platform by organizing events such as the "Chain Business Festival" and manipulated the price of U coin from the initial issuance price of 0.25 yuan per coin all the way up to 1.31 yuan per coin. Subsequently, the price of U coin continuously plummeted to nearly zero market value, until it became untradeable. (source link)

According to Chain Catcher news, citing Taiwan's Central News Agency, a money-sucking group led by a 28-year-old man with the surname Lin in Taiwan is suspected of attracting victims to invest in virtual currencies with a high return pitch of 4% monthly profit. Over the past two years, the group has handled over 100 million NTD (New Taiwan Dollar), with many professional soldiers falling victim. The Kaohsiung City police have arrested four individuals and are processing them according to the law.On the 26th, the Kaohsiung City police stated that in February this year, they received reports from the public about a 28-year-old man with the surname Wang and his 30-year-old wife with the surname Chen, who were suspected of attracting victims with promises of a 4% monthly profit and guaranteed returns through investments in titanium coins and physical stores. After gathering evidence, the police tracked the financial flow and accomplices.After about six months of investigation, the police executed searches and arrests on July 6 and August 23, 2022, and subsequently tracked down the 28-year-old man with the surname Lin and a 32-year-old woman with the surname Hsu. The homes of Wang and Chen were adorned with many slogans, expressing hopes that their assets would exceed 500 million NTD, with a net monthly income of 10 million NTD, buying sports cars and luxury houses, and even reminding themselves to donate to orphanages and other social welfare organizations, which is quite ironic. The police have processed the four individuals for violations of the "Banking Act," fraud, and the "Anti-Money Laundering Act," among other charges. (Source link)