According to a report from Bincheng Public Security, local police recently solved their first virtual currency theft case. A victim reported that 1,300 USDC and NFTs worth tens of thousands of yuan were stolen from their digital wallet. By tracking on-chain fund flows and collaborating with enterprises for analysis, the police identified a 30-year-old suspect surnamed Chen from Fengyang, Anhui, and arrested him on October 9. The police stated that the suspect initially denied the theft, citing the anonymity of on-chain transactions, but eventually confessed when confronted with transaction records and other evidence. The suspect is now in criminal detention, and his family is actively compensating the victim for their losses. https://www.(wublock123.com)/news/usdc-theft-nft-losses-tianjin-police-arrest-via-chain-tracing-70042