Dongguan Police Stop 1.1M Yuan Crypto Scam Five Minutes Before Handover

News Editor

2026-08-09 03:43:56

Police in Dongguan's Hengli district have stopped a virtual currency investment scam, recovering 1.1 million yuan in cash just five minutes before the victim was due to hand it over offline, according to the Dongguan Fabu WeChat account. The victim, identified only as Ms. Li, was approached by a stranger online who promoted a so-called 'internal channel' for virtual currency investment, promising low barriers to entry and high returns. The suspect reinforced the pitch with forged profit screenshots to make the scheme look credible. After winning her trust, the fraudster said Li would need to exchange cash into US dollars offline, and persuaded her to withdraw 1.1 million yuan for delivery. Police spotted the risk signals, activated an early-warning interception mechanism, and dispatched officers to the bank to intervene. The cash was stopped before the exchange took place, averting a major loss for the victim.

Police in Dongguan's Hengli district have broken up a virtual currency investment fraud, recovering 1.1 million yuan in cash just five minutes before the victim was due to meet the scammers for an offline handover, according to the Dongguan Fabu WeChat account. The victim, identified only as a woman surnamed Li, met a stranger online. The contact pitched a so-called 'internal investment channel' for virtual currency, promised low entry thresholds and high returns, and added forged profit screenshots to create the illusion of reliable gains. The fraudster then told Li she needed to exchange cash into US dollars offline to fund the account. Under that pretext, Li withdrew 1.1 million yuan and prepared to deliver it. Dongguan police spotted the risk signal, activated an early-warning interception mechanism, and dispatched officers to the bank, where they persuaded Li to abandon the deal. The transfer was stopped before it went through, sparing the victim a major financial loss.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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