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BTCC / BTCC Square / Global Cryptocurrency /
Chinese Court Sentences Nine for $6M Crypto Telecom Scam Targeting Indians

Chinese Court Sentences Nine for $6M Crypto Telecom Scam Targeting Indians

Author:
Global Cryptocurrency
Published:
2025-04-14 16:24:35
23
2
The People’s Court of Heze Economic Development Zone in Shandong Province has sentenced nine Chinese fraudsters to prison terms ranging from five to fourteen years for defrauding 66,800 Indians in a $6.2M USDT fraud ring. The scam involved fake investment platforms, fabricated identities, and promises of high returns. The court dismantled the transactional fraud ring that targeted Indian nationals via a crypto-fueled telecommunication scam. The defendants formed a sophisticated criminal syndicate with a professional organization, precise division of tasks, and profit-sharing mechanisms.

|Square

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