BlockBeats News, May 17th. Recently, the police in Linyi, Shandong Province, China, destroyed a telecom fraud gang targeting minors, seizing about 140,000 yuan in illegal gains and 20,000 virtual currencies at the scene. Preliminary investigations have found that this gang has carried out over 200 fraud cases nationwide, involving a huge amount of money.

The police revealed that the criminal gang used "free game skins and equipment" as bait to induce minors to use their parents' phones. They then used screen sharing to remotely control the victims' devices for fund transfer fraud. The stolen money was subsequently laundered in batches through methods such as prepaid phone recharge, electricity bills, and property management fees. The upstream telecom fraud platform settled funds through virtual currency, with the suspects extracting about 20% as their share from the scam proceeds. It is reported that the gang leader had previously visited a fraud-involved area in Myanmar, possessing strong anti-surveillance experience. Currently, the case is still under further investigation.