Hunan police cracked a cross-border telecommunications fraud case using cryptocurrency, involving more than 4 million yuan

Hunan police announced a major case of cross-border telecommunications fraud using cryptocurrency. The case involved renting communication tools to overseas fraud gangs, involving an amount of over 4 million yuan. The wallet address of the head of the criminal gang, Xia, showed that the cryptocurrency flow used for settling fraud commissions was over 9 million yuan, nearly 10 million yuan. The members of the gang mainly traded with the virtual currency USDT to evade traditional financial supervision.