Make big money investing in “virtual coins”? Someone was defrauded of 7 million! (via CoinsRadar.net):

By investing in blockchain virtual currency, you can make a lot of money every day by clicking on the app on your mobile phone. Is such a high-end platform true or false?

At the beginning of 2023, the verdict was pronounced on the case of Yuan, Chen and other six people involved in fraud and assisting information network criminal activities, which was prosecuted by the Chongchuan District Procuratorate of Nantong City. The defendant Yuan was sentenced to seven years in prison for committing fraud and was also fined. 50,000 yuan; Chen and five others were sentenced to two years and six months to two years and three months in prison for committing the crime of assisting information network criminal activities, and were each fined 10,000 yuan.

Transfer records of some victims

In July 2021, Nantong citizen Zhou met the netizen "Old Shen" on a short video platform. "Old Shen" claimed to be a stock teacher. One day, Zhou was pulled into a WeChat group by "Old Shen", and he listened to "Old Shen" in the group every day talking about stock knowledge and how to make money by speculating in virtual currencies. Later, "Old Shen" asked Zhou to install a virtual currency trading platform App and posted several screenshots of profits from speculating on virtual currencies in the group. Zhou was very moved. According to the arrangement of "Old Shen", Zhou added a gold medal specialist in the group, transferred 30,000 yuan to the bank account provided by the gold medal specialist, bought 1,000 virtual currencies on the platform, and successfully withdrew the money. Zhou was completely relieved now, thinking that this platform was very formal and could make money. In August of the same year, "Old Shen" said in the group that another virtual currency would be launched soon, with three times the profit, and you can now subscribe at a low price. Zhou took action immediately, spent a huge amount of money to buy the virtual currency, and waited for the "listing to lock up funds" before selling after a week. On the day when the capital lock was lifted, when Zhou was preparing to sell the virtual currency, he found that the app could not be opened. Zhou broke into a cold sweat and realized it was a scam, so he immediately called the police. At this time, Zhou had invested more than 7 million yuan on this trading platform.

In September 2021, Yuan and others were successively arrested by the public security organs. In October, the public security organs transferred the case to the Chongchuan District Procuratorate of Nantong City for review and prosecution. Is the App used by Zhou to purchase virtual currency a real virtual currency trading platform? During the review and prosecution stage, the Chongchuan District Procuratorate relied on the Electronic Data Laboratory of the Nantong Financial Cybercrime Research Base to carry out its own supplementary investigation to recover, extract and fix the electronic data in Yuan’s mobile phone, and to conduct a comparison between Yuan and his superiors in the mobile phone. WeChat chat records of users are analyzed and judged.Prosecutors combed through electronic evidence and found that since December 2020, Yuan had begun to discuss the fraud model with the previous company. From July to August 2021, he produced a fraudulent app for the previous company, cooperated with the previous company to shut down the server and Delete server data. According to Yuan's request, Chen and others changed the icon, modified the text, modified the background server data and server port link, hidden or deleted the verification code function, and added manual customer service link entrance and control panel based on the source code provided by Yuan. robot. "The virtual currency K-line chart displayed on the platform is false data produced by the disk control robot and can be modified at will through the backend." The prosecutor handling the case found that this App did not have a virtual currency trading function at all, and the platform did not have a capital inflow entrance. The victim recharged the platform. Investing in virtual currency is actually transferring money to the scammer’s account. The procuratorial organ believes that Yuan, despite knowing that others were using fake websites to carry out fraudulent activities, still provided technical support and other help in order to make illegal profits, resulting in many victims across the country being defrauded of more than 16.42 million yuan, a particularly huge amount, and his behavior constituted fraud. crime. Chen and other five people knew that others were using information networks to commit crimes, but still provided them with technical support. The circumstances were serious and constituted the crime of assisting information network criminal activities. In February 2022, the procuratorate initiated a public prosecution of the case in court. The prosecutor reminded Yuan in this case that he has computer skills, but if this skill is used in the wrong place, it will hinder the order of the online world. In addition to reminding everyone to resist the temptation of high profits when investing, prosecutors also reminded the majority of computer majors and other technical personnel to pay special attention when choosing jobs to see whether the work content and communication methods they are engaged in are concealed, evasive supervision, or illegal, so as to avoid being exposed. Criminals take advantage of it and commit crimes.