Bitcoin Keeps Rising, Cryptocurrency Bull Market Makes Novices More Vulnerable to Get-Rich-Quick Trap. Last night (2/15), a man surnamed Du in Taoyuan City, Taiwan, decided to invest all his savings in virtual currency under the instigation of an online friend. However, this transaction turned out to be a trap. Fortunately, the patrolling police discovered and intervened in time, exposing this fraud and protecting Du’s hard-earned money.
(Scammed at Your Doorstep! New Fraud Frontline in Taiwan “To-Home Currency Exchange”, Harder to Guard against On-Site Services)
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Valentine’s Night: Going to Convenience Store to Find Currency Exchanger
It Turns out to Be the Temptation of Online Friend “Xiao Yan”
Police Expose the Fraud in Time
Safeguarding Hard-Earned Money, Abandoning Online Temptation
Last night, around 10 o’clock, Mr. Du arrived at a convenience store with 600,000 in cash, ready to conduct a transaction with a virtual currency dealer. At this time, the patrolling police at Qingxi Police Station noticed them and decided to approach them to understand the situation.
According to the police, Mr. Du came into contact with an online friend named “Xiao Yan” and was attracted by the latter’s continuous boasting of high returns on virtual currency investments. Under the instigation of Xiao Yan, Mr. Du decided to use all his savings to contact a currency dealer and prepare for the transaction.
After understanding the whole situation, the police checked the conversation records between Mr. Du and Xiao Yan and quickly realized that this was a typical case of “fake investment, real fraud.” Through examples and explanations, the police successfully made Mr. Du aware that he had nearly become a victim of fraud.
Following the police’s advice, Mr. Du decided to abandon this highly risky investment plan. Subsequently, accompanied by the police, he safely deposited the cash he carried back into his account, avoiding potential financial losses.
United Daily News
Taoyuan
All-in
Virtual Currency
Fraud
Further Reading
73-Year-Old Man in Kaohsiung Falls for Virtual Currency Scam, Loses Retirement Savings in a High-Stakes Gamble
New Taipei City Police’s “Operation Cut Off” Achieves Remarkable Results, Arresting Hundreds of Fraud Gang Members and Seizing Nearly 200 Million in Virtual Currency