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The "Kill Foreigners Scam" gang in Changsha, China, defrauded 340,000 yuan using a cryptocurrency platform, and 11 individuals have been convicted.
BlockBeats News, November 27th. According to the Changsha Evening News, the People's Procuratorate of Yuhua District, Changsha City, Hunan Province, China, disclosed a case of "Foreigner Romance Scam," and ultimately, all 11 defendants were found guilty. The "Foreigner Romance Scam" evolved from the traditional "Pig-slaughtering Scam" and refers to a fraud scheme targeting foreigners through "chat and dating" interactions. The fraudsters used cunning tactics, stolen identities, and carefully crafted personas to engage in emotional fraud under the guise of "Foreigner Romance," luring the victims from public platforms to private messaging apps. After establishing trust and emotional connections, they enticed the victims to invest in cryptocurrency on a fake platform. Initially, small withdrawals were allowed to give the victims a sense of return on investment, prompting them to invest more. Once a large sum was invested, the withdrawal feature was disabled, and the fraudsters executed their final "harvest." The syndicate accumulated approximately 340,000 RMB through this scam.
Changsha prosecutors collaborated with investigative personnel to identify the "mastermind" behind the manipulation of cryptocurrency value through the backend logs of the fake platform. They extracted scripted conversation templates from the fraudsters' computers and reconstructed the entire scam process, from initial contact and emotional bonding to investment inducement, based on extensive chat records. Furthermore, by analyzing the cryptocurrency wallet addresses and internal performance reports, they clearly mapped out the flow of funds and each member's role. After review, the Yuhua District Procuratorate determined that the 11 defendants, including Liu and Li, utilized telecommunications technology to defraud others of a significant sum of money. The evidence of their crimes was conclusive and abundant, leading to their conviction on charges of fraud. Following a court hearing, all 11 defendants were found guilty.
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