How to call the police for online virtual currency fraud

If you are found cheated, you should call 1 10 at the first time to report to the public security organ and provide the process of being cheated. At this time, you can ask the police to accompany you to the bank to go through the formalities of freezing the victim's bank card to prevent the swindler from transferring the money to your bank.

Recently, five departments, including the China Banking Regulatory Commission, issued a reminder that some lawless elements issued so-called "virtual currency", "virtual assets" and "digital assets" under the banner of "financial innovation" and "blockchain", which violated the legitimate rights and interests of the public. Such activities are not really based on blockchain technology, but on the reality of speculative illegal fund-raising, pyramid schemes and blockchain concept bank fraud. They mainly have the following characteristics:

First, networking and cross-border are obvious. Relying on the internet and chat tools to conduct transactions and using online payment tools to receive and pay funds has a wide range of risks and a fast diffusion speed. Some lawless elements set up websites by renting overseas servers to carry out illegal activities against domestic residents. Some people claim in the chat tool group that they have obtained the investment quota of overseas high-quality blockchain projects, and they can invest on their behalf, which is most likely fraud. Most of the funds defrauded by these illegal acts flow overseas, which is difficult to supervise.

Second, it is deceptive, seductive and concealed. Speculation with hot concepts, some use celebrity "platforms" to publicize, and take "candy" as the temptation, claiming that "money only goes up but not down" and "investment cycle is short", with high returns, low risks and strong incitement. In practice, criminals illegally obtain huge profits by manipulating the price trend of so-called virtual currency behind the scenes, setting profit and cash withdrawal thresholds. In addition, some lawless elements also issue virtual currency in various names, or speculate on virtual currency under the banner of sharing economy, which is very concealed and confusing.

For example, the international financial market has fluctuated greatly recently, and some platforms have begun to speculate on the concept that "virtual currency is a safe-haven asset other than gold and silver", but the actual situation is that its price has fallen sharply, resulting in heavy losses for consumers. Moreover, these platforms also create the illusion that the virtual currency trading market is "prosperous" through robot program brushing and data tampering. After inducing consumers to enter, the platform will use various market manipulation methods to occupy consumers' property.

Third, there are many illegal risks. Through public publicity, criminals use "static income" (income from currency appreciation) and "dynamic income" (income from offline development) as bait to attract public investment, lure investors and developers to join, and constantly expand the pool of funds, which is manifested in illegal fund-raising, pyramid schemes, fraud and other illegal acts.

Four, the China Banking Regulatory Commission and other five departments remind consumers that this kind of activity takes "financial innovation" as a gimmick, which is essentially a Ponzi scheme of "borrowing the new and returning the old", and the capital operation will be difficult to maintain for a long time. The public should treat the blockchain rationally, don't blindly believe in exaggerated promises, establish a correct investment concept, and effectively raise risk awareness; You can actively report the clues of illegal crimes to the relevant departments.