According to a report by People's Daily Beijing Channel, the Beijing Municipal Public Security Bureau Shijingshan Branch has uncovered a new type of cross-border telecom fraud case. Police revealed that a Chinese citizen living abroad as a study companion was scammed by someone impersonating law enforcement. After receiving remittances from family in China, the victim was tricked into transferring the funds in batches to the accounts of two Chinese international students abroad. These two students were also victims of the scam. One of them was instructed by the fraudsters to use a third-party payment platform to convert over 800,000 yuan into 'U Coins' and transfer the funds. Police stated that the case exhibited the characteristics of 'one case, multiple scams, with victims being used as money laundering tools.' Ultimately, 780,000 yuan of the involved funds were frozen and returned to the victims. https://www.(wublock123.com)/news/beijing-police-expose-cross-border-crypto-scam-involving-students-69074