[Shandong Police Dismantle Telecom Fraud Gang Targeting Minors: Seize 20,000 Units of Virtual Currency, Over 200 Victims] According to Deep Tide TechFlow, on May 17, as reported by Red Star News, police in Linyi, Shandong recently dismantled a telecom fraud gang targeting minors. Authorities seized approximately 140,000 yuan in illegal proceeds and 20,000 units of virtual currency at the scene. Preliminary investigations revealed that the gang had carried out over 200 fraud cases nationwide, involving a significant amount of money. The police disclosed that the criminal group used tactics such as offering "free game skins and equipment" as bait to lure minors into using their parents' phones. They then remotely controlled the victims' devices via screen sharing to carry out transfer fraud. The illicit funds were subsequently laundered in batches through methods such as phone bill top-ups, electricity payments, and property fee payments. The upstream telecom fraud platform settled funds using virtual currency, while the suspects took approximately 20% of the fraudulent proceeds as their share. It was reported that the gang leader had previously traveled to a fraud zone in Myanmar and possessed strong counter-investigation capabilities. The case is still under further investigation.