Recently, Wuhan police
surrounding a cryptocurrency transaction
the fraud case was quickly investigated and solved
successfully recovered 200,000 yuan for the public
“This money is my startup fund,
Thank you so much for your help!”
on the afternoon of May 8
Citizen Mr. Liu (pseudonym) specially
holding a banner
came to the Qingshan District Branch of Wuhan Public Security Bureau
(Wuhan Chemical Industry District Branch)
Hongwei Road police station
expressed gratitude to the police and auxiliary police
the matter dates back to a month ago
Mr. Liu met online in early April
claimed to provide cryptocurrency
Ye and Li, who provided cash-out services
a few people agreed to meet on
on April 11 at a location in Qingshan District
conduct offline cryptocurrency transactions
transferred by Mr. Liu to the designated account
transfer cryptocurrency
Ye and Li paid an equivalent amount to
200,000 RMB
after Mr. Liu successfully transferred the money that day
Ye and Li insisted they had not received it
and refused to pay
both sides held their ground
went together to report the case at the Hongwei Road police station
to further verify the whereabouts of the cryptocurrency
the district's cyber security team intervened for verification
and determined the cryptocurrency through technical analysis
has been transferred to the designated account
Ye and Li falsely claimed they had not received it
was to commit 'coin chopping' fraud against Mr. Liu
despite the disguise being seen through by the police
but the two suspects are unwilling to plead guilty
attempted to rely on their own capabilities
experience in legal-related industries
utilizing legal terminology and professional knowledge of cryptocurrency
negotiated with the police
the investigating police relied on previous efforts to combat various
the rich experience accumulated from cryptocurrency cases
through case explanations and displaying criminal facts
step by step undermined
the psychological defenses of the suspects
eventually
Ye and Li truthfully confessed
attempted to use 'coin chopping' methods
the criminal facts of defrauding Mr. Liu
currently
Ye and Li are suspected of fraud
has been criminally detained by Qingshan police according to the law
the victim's loss of 200,000 RMB
has been fully recovered
the case is being further processed
