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China Fraudsters Jailed for $6M USDT Crypto Scam Targeting Indians

  • A Chinese fraud ring used fake online personas and investment platforms to steal $6 million in USDT from thousands of Indians.
  • The scheme involved building trust through social media and chat apps, promising high returns, and then shutting down.
  • Nine individuals were convicted and sentenced to prison, with Chinese authorities warning against similar online scams.
  • The fraudsters posed as successful investors, created a fake investment platform, and used fake lifestyle photos to gain credibility.

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