Dongguan police stop 1.1 million yuan virtual currency scam 5 minutes before handoff

Dongguan's Hengli police intercepted a virtual currency investment scam five minutes before an offline transaction, preventing the loss of 1.1 million yuan in cash. A woman identified by the pseudonym Ms. Li had been drawn in by an online stranger offering an "inside" virtual currency investment channel with a low entry threshold and high returns, reinforced by fabricated profit screenshots. The fraud later escalated into a request to withdraw cash for an in-person exchange into U.S. dollars to fund the scheme, a method often used in investment fraud to move money outside normal account-based transfers. After detecting risk signals, Dongguan police activated an early-warning interception mechanism, sent officers to a bank to persuade the victim, and stopped the transfer before the money changed hands.

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