minors

According to Hongxing News, the police in Linyi, Shandong recently dismantled a telecom fraud gang targeting minors, seizing about 140,000 yuan in illegal gains and 20,000 in virtual currency on site. Preliminary investigations have confirmed that the gang has carried out over 200 fraud cases nationwide, involving a huge amount of money.The police disclosed that the criminal gang used "free game skins and equipment" as bait to lure minors into using their parents' phones and remotely controlling the victims' devices through screen sharing to carry out transfer fraud. The stolen money was then laundered in batches through methods such as mobile phone top-ups, electricity bills, and property fee payments. The upstream fraud platform settled funds through virtual currency, and the suspects took about 20% of the fraud amount as their share. It is reported that the gang leader had previously traveled to Myanmar to engage in fraudulent activities and has strong counter-investigation experience. The case is still under further investigation.

The Criminal Investigation Bureau of the Ministry of Public Security published an article titled "Beware of Online Fraud Targeting Minors," which reveals a new type of online fraud chain characterized by "game diversion + impersonating public security and judicial authorities + virtual currency money laundering." Criminals post advertisements through games and social platforms to guide minors to add friends, and use intimidation and other means to extract funds from parents' accounts. The stolen money is split and withdrawn through black and gray industry platforms to purchase virtual currencies, which are not restricted by geography and can silently flow back to overseas fraud dens, completing the "physical isolation" of cross-border funds. The Criminal Investigation Bureau reminds that public security and judicial authorities will never handle cases online, will never intimidate for deductions, and will never ask for passwords or verification codes.

According to Cointelegraph, Kalshi CEO Tarek Mansour stated that the company plans to launch a "parent portal" feature that allows parents to submit identification information to verify whether their children are using the platform under their identity.In addition, Kalshi will also introduce a selfie verification mechanism to further confirm user identity through facial recognition, strengthening age restrictions and compliance management to prevent minors from using related services.

ChainCatcher news, according to Cointelegraph, French prosecutors have charged 25 suspects accused of kidnapping individuals in the cryptocurrency industry, including 6 minors. Among these suspects, aged between 16 and 23, 18 have been placed in pre-trial detention, 3 have requested a hearing extension, and 4 are under judicial supervision.They are accused of being involved in multiple conspiracies against well-known figures in the cryptocurrency space and their families, including an attempted kidnapping case on May 13 in Paris involving the daughter and grandson of Pierre Noizat, CEO of the French cryptocurrency exchange Paymium.