[Man Defrauds Elderly Woman Living Alone of Nearly 14 Million Yuan, Loses It All in Cryptocurrency Trading, Now in Criminal Detention] According to Deep Tide TechFlow, on August 12, citing reports from Xinmin Evening News and Kankan News, a 70-year-old woman living alone in Shanghai, Ms. Sun, was defrauded of nearly 14 million yuan within just two months by her upstairs neighbor, Hua Ming, under the pretense of 'family emergencies' and 'high returns.' Hua Ming used a property ownership certificate under his ex-wife's name as collateral to gain her trust, but it was later discovered that he had divorced in 2019 and had no assets or stable income under his name. Investigations revealed that the millions he defrauded were entirely invested in illegal cryptocurrency trading, resulting in total losses. The funds involved were ultimately funneled into cryptocurrency dealers and accounts used for money laundering in black and gray markets. Currently, Hua Ming has been placed under criminal detention by public security authorities on suspicion of fraud, and further investigations are underway to trace the whereabouts of the funds involved.