⚖️【Chinese Court Cracks Down on $5M Crypto Scam Targeting Indians】



On April 14, a court in Heze, Shandong sentenced 9 fraudsters for telecom fraud targeting Indian victims. Over 66,800 Indians were scammed out of ₹517M (~$5M USD) in just 7 months! 😨

The group lured victims with fake high-return platforms (8–15%/mo), then shut them down and laundered the money via USDT. Sentences ranged from 5 to 14.75 years in prison, with fines. 🪙

#CryptoScam #USDT #ScamAlert #Web3
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