Recently, the Tianjin police exposed a new type of scam involving 'virtual currency investment plus offline trading,' which is shocking. The so-called 'U coin' investment is just a carefully designed facade, while 'U merchants' are groups that help scammers transfer funds. 😲

Since July of this year, this criminal gang has committed more than 10 fraud cases under the name 'U merchants' in Tianjin and surrounding provinces and cities, with an amount involved exceeding 500,000 yuan. Currently, 4 suspects have been legally approved for arrest by the People's Procuratorate of Wuqing District, Tianjin. 🔍

This case reminds us to stay vigilant when investing in cryptocurrency to avoid falling into similar scams. 💡