[Guizhou Police Uncover USDT Fraud Case: Suspect Uses 'Read-Only Wallet' to Defraud 7,118 USDT] Odaily Planet Daily News: Police in Wanshan, Tongren, Guizhou Province, recently cracked a virtual currency transaction fraud case. The victim, Chen, was defrauded of 7,118 USDT (equivalent to over 50,000 yuan) during an offline USDT transaction by the scammer, Tan, who used a 'read-only wallet' (a 'read-only wallet' address can only be used for receiving and viewing) and a cash display scheme. Investigation revealed that Tan first displayed cash to gain trust, and once Chen transferred the USDT to the 'read-only wallet,' Tan immediately moved the funds and denied the transaction. The case is currently under further investigation. Police remind the public that virtual currency-related activities are considered illegal financial operations and carry extremely high risks; offline cash displays may be traps set by scammers; always verify the authenticity of wallet addresses before transferring funds. (Source: Guangming Online)