ChainCatcher news: According to Cankaoxiaoxi.com, Changhua police announced on the 10th that they had cracked a fraud group headed by a man named Lin, who used virtual currency to commit fraud. After investigation, 68 people were defrauded of about NT$100 million (NT$1 is about RMB 0.22). Nine people in the fraud group were transferred to the Changhua District Prosecutor's Office for investigation, and the prosecutor's office applied to the court for detention and no-contact with two others, which was approved.

Zhang Anjin, deputy captain of the Criminal Police Brigade of the Changhua County Police Department, said in a joint interview with the media that in September 2023, a man surnamed Zhan went to the police station to report that he was deceived by netizens to join an investment group on a social platform and had to pay cash in person to buy virtual currency, and then transfer the virtual currency to the wallet address provided by the customer service staff of the investment platform. When Zhan was ready to withdraw cash, he was told that he had to invest another 10% of the profit as "tax" before he could withdraw cash. The man was defrauded of NT$3.4 million before he realized he had been deceived and reported to the police.