Woofun AI reports that Wenling police have disclosed a virtual currency investment fraud case involving Mr. Cui. The victim was contacted by a social media blogger posing as an investment mentor who promoted crypto assets as guaranteed profit opportunities.

After initial small gains, Mr. Cui was directed to download a fraudulent application and deposited a total of 445,000 yuan over 20 days. When he attempted to withdraw funds showing a profit, the app became inaccessible and the perpetrators ceased communication. Police emphasized that virtual currency activities are illegal financial activities in China and warned against trusting online mentors promising high returns.