A criminal gang recruited people to register virtual currency wallets and provided illegal funds circulation accounts for overseas fraudsters

According to Huoxing Finance News, on May 13th, as reported by Guangming Network, Mr. Tang recently came to the Beicai Police Station to report that he suddenly received a text message about a package that needed to be signed for, requiring a payment of 900 yuan upon delivery. When he called to cancel the package, the other party claimed he needed to provide bank card information to proceed and sent him a link. After clicking the link and entering his bank card number and verification code as requested, Mr. Tang discovered that his bank account had been deducted, with a cumulative loss of over 100,000 yuan, realizing he had fallen victim to a fraud. After receiving the report, the Pudong Public Security Bureau's Anti-Fraud Center immediately formed a special task force with the Sanlin Public Security Bureau and Beicai Police Station to investigate. Through their efforts, they initially identified a criminal gang led by Miao and Wang, who used labor recruitment as a cover to recruit people to register virtual currency wallets for money laundering. From April 22nd to 23rd, the police conducted a "net-closing operation" in Qingpu District, Shanghai, arresting 11 suspects and successfully dismantling the criminal gang. During interrogation, suspects Miao and Wang confessed that their gang recruited individuals like Sheng and Weng under the guise of labor recruitment, requiring them to provide mobile phones and register virtual currency wallet accounts. They then sold these accounts to overseas fraud groups through foreign chat tools at prices ranging from 40 to 50 yuan per account. Currently, Miao and Wang have been criminally detained on suspicion of fraud, while Sheng, Weng, and 4 others have been placed under criminal compulsory measures for concealing and hiding criminal proceeds. The case is still under further investigation, with police having frozen and recovered part of the defrauded funds, and efforts to recover losses are ongoing.