Online Shopping Scam Involving USDT: Hunan Police Help Recover and Return All Funds Involved

BlockBeats News, May 20th. According to the Hunan Daily, at around 8:00 p.m. on February 9th, the Public Security Bureau of Baojing County, Hunan Province, China, received a report from a victim named Mr. Liu from another province stating that he had been defrauded. He claimed to have been scammed while purchasing the cryptocurrency USDT online, resulting in a total loss of 100,000 yuan. After receiving the report, the Baojing County Police Station quickly mobilized a skilled task force to form a special investigation team and worked through the night to investigate the case.

The investigating police officers, using various methods, finally identified the suspect as a person named Shi. Upon investigation, it was found that the suspect Shi had no stable income and was not qualified to engage in cryptocurrency transactions. To deceive others and obtain money, Shi collected screenshots of others' cryptocurrency speculation activities online, forged false profit records, and pretended to be a seasoned "coin trader" to gain their trust. The victim, Mr. Liu, believed this ruse, transferred 100,000 yuan to Shi's designated account. However, after receiving the payment, Shi did not deliver the cryptocurrency as promised. Instead, he used some of the funds for gambling and squandering, while dispersing the remaining funds through various transactions to hide them. The investigating police officers, by accurately tracing the flow of funds and thoroughly securing relevant evidence, swiftly identified Shi's identity and activities. On the night of the report, they promptly arrested Shi, and the next day initiated a formal investigation into the case. Following the resolution of the case, the police consistently adhered to the principle of both solving the case and recovering the losses. They patiently explained legal policies, actively persuaded the suspect's family to cooperate in returning the defrauded money, and ultimately fully recovered the 100,000 yuan involved in the case.

On the morning of May 14th, the legally retrieved 100,000 yuan of defrauded funds was entirely returned to the victim, Mr. Liu. Currently, the criminal suspect Shi has been placed under coercive measures on suspicion of fraud, and the case is under further investigation.