ChainCatcher reported that according to Shaanxi police reports, the Public Security Bureau of Jingbian County, Yulin, Shaanxi successfully cracked a virtual currency investment fraud case, arrested 4 suspects, and the case involved a value of 410,000 yuan.

On July 16, 2024, the victim Wang reported to the police that he was defrauded of RMB 410,000 by investing in virtual currency online. After receiving the report, the Criminal Investigation Brigade immediately launched an investigation into the case. Through analysis, judgment, visits and investigations, the identity information and whereabouts of the four suspects were finally determined. On July 23, the investigating police successfully arrested the suspects Zhai and Li in Zhengzhou City, Henan Province. On July 25, the suspects Wang and Li were arrested in Kaifeng City, Henan Province.

After investigation, it was found that in July 2024, the victim Wang was recommended to invest in virtual currency on a certain APP to make money while chatting with others online. The other party claimed that he knew the system loopholes of the APP and that the investment would be profitable. Under the temptation of high returns, Wang invested a total of 410,000 yuan in a certain APP.

On July 4, in order to earn virtual currency for profit, the criminal suspect Zhai, together with Wang, Li, and Li, drove to Jingbian County, traded with Wang by selling virtual currency, took away 410,000 yuan in cash from Wang, and made a profit of more than 50,000 yuan.

At present, the four suspects Zhai, Wang, Li and Li have been criminally detained according to law on suspicion of fraud, and the case is under further trial.