On May 14, PANews reported that recently, the Xiangtan police in Hunan successfully dismantled a black and gray industry gang involved in stealing, nurturing, and selling accounts, apprehending 24 criminal suspects and seizing over 3,000 mobile phones used in the crimes. The gang used "complete tasks to receive red envelopes" as bait, specifically targeting minors to steal their real-name verified WeChat accounts and then reselling them abroad through virtual currency transactions. Police investigations found that the gang utilized IoT cards to batch rebind WeChat accounts, employing methods such as forging risk alerts and frequently sending verification codes to evade WeChat's security mechanisms. The stolen WeChat accounts were sold after a 7-day "nurturing" period for prices ranging from 650 to 950 yuan based on registration duration, with the gang leader Feng unlawfully profiting over 1.2 million yuan. The case has now been transferred to the procuratorial organ for review and prosecution. Police explained that the most common scenario is during telecommunications network fraud, where scammers use these purchased WeChat accounts registered under other people's names to carry out fraud. In reality, these criminal activities are continuously cycling within the black and gray industry, using one method of crime to support another. The police remind everyone not to rent or sell personal social media accounts to avoid becoming accomplices in black and gray industries.