According to reports from Guangming Online, Mr. Tang from Shanghai fell victim to fraud after clicking on a phishing link in a "Cash on Delivery" SMS and filling in his bank card information, resulting in a total loss of over one million yuan. The Pudong police quickly launched an investigation and identified a criminal gang that used "job recruitment" as a pretext to assist in money laundering through the registration of virtual currency wallets. From April 22 to 23, the police arrested 11 suspects in Qingpu. The main suspects, Miao and Wang, have been criminally detained, and five others have been subjected to criminal coercive measures for allegedly concealing and hiding criminal proceeds. Some funds have already been frozen, and the case is still under further investigation.