PANews reported on May 26 that according to Hubei Internet Police, the police in Luotian County, Hubei Province, recently cracked an investment fraud case under the guise of "officer boyfriend". After the criminal gang met the victim through a dating platform, they induced him to recharge the fake investment platform and arranged for domestic "riders" to collect cash offline and convert it into Tether (USDT) to complete the money laundering. Upon investigation, the gang adopted the "overseas command, domestic implementation" mode of operation, and the "riders" charged 3%-5% commission each time. At present, the police have arrested 4 criminal suspects, recovered 130,000 yuan in losses and frozen 300,000 yuan in suspicious funds. The police reminded that virtual currency is often used for money laundering crimes due to its anonymity.