On July 4, according to the Lanzhou Daily, recently, the Anning Branch of the Lanzhou Public Security Bureau launched a cross-provincial operation to destroy a criminal gang that used virtual currency to defraud money laundering, arrested 15 suspects, and broke 15 cases. In one case, the victim, Ms. Liao, met her military officer "boyfriend" online. Faced with his request to open an account for investment and the temptation of high returns, Ms. Liao transferred 150,000 yuan of "account opening fee" to her friend's account. After the "boyfriend" repeatedly showed that the account her friend was managing was making a lot of money, Ms. Liao withdrew 1 million yuan on May 1 and converted it into U yuan to invest, and then added another 1 million yuan on May 3, but later found that the funds could not be transferred out. After preliminary inspection, the case was identified as a new type of telecommunications network fraud. The fraudulent gang contacted potential victims through social platforms, dating websites, and other channels to build trust, and then used emotional inducement, investment temptation, and other means to induce the victim to register on the designated virtual digital platform and use virtual currency to recharge. According to the police handling the case, the fraudulent gang traded through the virtual currency platform, and converted the received U coins into other forms of funds or currency. The process may involve multiple accounts and trading platforms to cover up the flow of funds and evade the police. At present, the case is still under further investigation.