In recent years, the blockchain concept has been sought after in various ways, but it has also been exploited by some unscrupulous elements. On June 23, 2020, the police in Jieyang, Guangdong Province, sent more than 100 police forces to carry out network collection operations across the country and successfully cracked a blockchain telecommunications network fraud case involving more than 10 million yuan. Under the banner of blockchain, the criminal gang goes around promoting "my dad is a blockchain", developing and designing the "Le Mouse" App, issuing so-called virtual products similar to Bitcoin, releasing false statements of "not opening for half a year, opening and eating for half a year", taking advantage of the fans' desire to "get rich overnight" mentality to accumulate wealth, "cutting leeks" behind their backs, and committing fraud. Only the players Zeng Mouhu, Wu Mouzhu, Qiu Mouliang and others reported to the police that they had been defrauded of a total of more than 1.3 million yuan.
Source: China Youth Daily