According to Foresight News, on October 25, the Ministry of Public Security held a special press conference in Beijing to announce the effectiveness of measures taken by public security organs nationwide to combat and rectify fraud crimes related to the freezing of ethnic assets. Among them, the Public Security Bureau of Hefei City, Anhui Province, dismantled a criminal gang at the end of March that was promoting fraud through mailing flyers. This gang used virtual currency for financial transactions to evade investigation, and was involved in 306 cases with funds amounting to 25.56 million yuan. This case is still being further investigated and examined.
In addition, the Public Security Bureau of Ningbo City, Zhejiang Province, cracked a fraud case involving the 'China International Plum Blossom Association' earlier this year. Participants collected fees under the names of 'membership fees', 'venue fees', 'document fees', and 'personal income tax', using virtual currency to launder money and gain illegal profits. The funds involved have been confirmed to exceed 58 million yuan. The case is still under further investigation.