On November 18th, the Xuzhou Suining police disclosed a major cyber violation. The suspect set up a virtual currency pledge mining platform called “BBGO”, and then used high rebates and high returns as a lure to lure him down. Pull heads to invest and engage in organizing and leading illegal activities.
From 2019 to July 2021, the gang members have grown to more than 110,000 members nationwide, and the funds involved in the case amounted to 1 billion yuan. The police investigation found that the criminal suspect had established a “BBGO” virtual currency pledge mining platform to find overseas propagandists to help him forge false mining machine and mining information, and publish some so-called large-scale activities on some short video platforms , To lure investors into joining its illegal organization.
Up to now, the police have arrested 8 suspects from the whole chain including the project party, the promotion party, and the technology party. The case involved about 110,000 people across the country. The funds involved amounted to 1 billion yuan. A large number of BTC and ETH were seized at the same time during the investigation and handling of the case. , USDT and other virtual currencies and cash, with a market value of about 450 million yuan. At present, five of the main suspects have been arrested in accordance with the law, and the case has entered the first instance.
Post time: Nov-18-2021