Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
CFD
Rewards

Hunan Police Recover and Return Full 100,000 Yuan Defrauded in USDT Scam

GateNews
Enforcement Actions
According to Hunan Daily, a man from outside the province was defrauded of 100,000 yuan in February while attempting to purchase USDT online. After receiving the report on February 9, Baojing Public Security Bureau launched an investigation and identified the suspect as Shi, who had no legitimate income or virtual currency trading credentials. Shi fabricated fake profit records using screenshots from others and impersonated an experienced trader to gain the victim's trust. The victim transferred 100,000 yuan to an account provided by Shi, who subsequently spent part of the funds on gambling and dispersed the rest. Police arrested Shi that same night. On May 14, all 100,000 yuan in defrauded funds were recovered and returned to the victim. Shi has been detained on suspicion of fraud.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

2h ago
Trader Closes 11,080 CRCL Short Positions in 24 Hours, Incurs $683K Loss
3h ago
70-Year-Old Stopped Twice by Bank, Police While Attempting to Wire 100,000 Yuan in Bitcoin Scam
05-17 08:53
China, U.S., UAE Police Jointly Bust 9 Telecom Fraud Dens in Dubai, Arrest 276 Suspects
05-17 04:41
Chinese Police Dismantle Telecom Fraud Ring Targeting Minors, Seize 140,000 Yuan and 2M Virtual Currency
05-17 03:31
Shandong Police Dismantle Fraud Ring Targeting Minors, Seize 20,000 Virtual Currency
In-Depth Analysis

An elderly 70-year-old man in Shanghai nearly fell victim to a Bitcoin investment scam, as coordinated action among police and banks halted a $100k cash transfer

Market Whisper2h ago

DOJ Says $10M Crypto Scheme Continued After Guilty Plea, Adding Victims

Coinpedia2h ago

Turkey’s four-round raids on illegal gambling net 670 people; Adana confirms that the crypto platform is a money-laundering channel

Market Whisper3h ago
Comment
0/400
No comments