The Shaoguan Branch of the People's Bank of China reveals the "Four Major Tricks" of currency-related scams through case studies.

Mars Finance reports that on April 15, the Shaoguan Branch of the People’s Bank of China in Guangdong Province and the Shaoguan Municipal Government Office jointly issued an announcement revealing illegal financial traps related to virtual currencies.
The announcement disclosed, through multiple real cases, the “four major tricks” involved in cryptocurrency scams:
First, using “exchanging U” part-time jobs to induce the public to participate in money laundering, essentially disguising and concealing criminal proceeds;
Second, engaging in illegal fundraising under the banner of offshore virtual currencies with “principal protection and high returns”;
Third, under the name of “RWA Digital Cultural Tourism Fund,” exploiting technological knowledge gaps for speculative trading and fundraising scams;
Fourth, using virtual currencies as a medium to conduct disguised foreign exchange transactions, suspected of illegal business operations.