In China, cases of digital yuan-related fraud have become widespread. Chinese police have caught yet another fraud case involving the digital yuan e-CNY.
Chinese police received a tip earlier this month from the victim who said she had been scammed. The victim said she received a phone call from a suspect, asking her for personal bank account information and verification codes.
With the personal data they obtained, the scammers set up an e-CNY digital wallet on behalf of the victim and loaded over 300,000 yuan ($47,000) from the bank account into his wallet. The money was then transferred to the suspect’s own digital yuan wallet.
Chinese Police Seizes 60,000 Yuana
During the investigation, police found that the money had flowed into a digital wallet belonging to a suspect named Li in eastern Shandong province. Li was detained on suspicion of money laundering via e-CNY for a scam ring. Police confiscated approximately 60,000 yuan (US$9,400) that Li had obtained illegally.
This is not the first case of digital yuan fraud in China. Earlier this month, Chinese police also resolved a telefraud case involving e-CNY.