Ministry of Public Security: Telecom fraud syndicates are using blockchain, virtual currency, and AI technology to upgrade their criminal methods
According to the Beijing Business Daily, the Ministry of Public Security reported at a press conference held on January 10 that by the end of 2024, more than 53,000 Chinese alleged offenders involved in telecommunications fraud in northern Myanmar had been arrested, successfully destroying the "four major families" criminal groups in northern Myanmar. The Ministry of Public Security pointed out that although the crackdown has been effective, the crime situation is still severe. Fraud groups are using new technologies such as blockchain, virtual currency and AI intelligence to continuously upgrade their criminal tools. These gangs are well-organized and carry out illegal activities such as app development, drainage promotion and transfer money laundering through cross-border collaboration. Fraudsters customize fraud scripts for people of different ages, occupations and educational qualifications, and the victims are wide. Although the North Myanmar Electric Fraud Park near the Chinese border has been cleared, there are still a large number of fraud dens abroad under the guise of "science parks" and "development zones".