10 Bitcoin Fraudsters were Arrested in China

Law enforcement authorities in one of the Chinese cities of Lanzhou managed to detain 10 people who are suspected of fraud in the field of cryptocurrency investments.

From the information provided, the police began this investigation in August. Representatives of the law became interested in this case because of a complaint filed by a local resident Bao. He wrote that he had invested about $30,000 in a fraudulent project.

After careful consideration of transactions, the police found the trail of the group, based in Wuhan. A special operation to detain suspects took place simultaneously in the provinces of Hubei, Guangdong, and Jiangxi. Police seized dozens of smartphones and computers.

According to the source, this group has been operating for several years and a huge number of people became its victims.

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