Changsha police have cracked a virtual currency fraud case involving the impersonation of "China Grain Reserves Corporation."

ChainCatcher news, the Li Tuo Police Station of the Changsha Yuhua Public Security Bureau has cracked a case of virtual currency fraud using the name "China Grain Reserves." The suspect in cash withdrawal was arrested while preparing to transfer cash, and their superior was also apprehended. On-site, 100,000 yuan in cash that a victim was defrauded of was seized. The public security authorities are further investigating other criminal facts of this case and the whereabouts of the defrauded funds.