South Korean police bust illegal gaming arcade LARPing as a legit Bitcoin mine, fake soldiers rob women of crypto in China. Asia Express. In a scam that combined a fake relationship, fake crypto and real doorbells, a woman in Xuzhou, a city in eastern Chinas Jiangsu Province, lost over $55,000 to a man who pitched USDT investments and sent a cash collector to her home. Five suspects have been arrested and the investigation is ongoing. According to a notice published via the official WeChat account of the local police, the victim was first contacted by a man claiming to be an active-duty soldier. He gained her trust by invoking military rules that supposedly prohibited the use of WeChat, and directed her to download a separate app for private communication. As their conversations grew more frequent and familiar, the man shared a fabricated story about a friend who had joined the state-run Tobacco bureau after retiring from the military and had access to internal data. He claimed they had already earned substan...
Chinese influencer denies links to honeytrap scam after promising sex to any Bitcoiner, BTS firm’s $350 blockchain revenue: Asia Express. A viral crypto influencers spend the night with BTC holders stunt has taken a dark turn after Chinese media linked her profile to a real-life extortion case. On March 25, Sina Finance reported that in 2024, a software engineer in Chengdu was ambushed and robbed of 6 BTC by a criminal gang posing as a female crypto trader named Bitcoin Conger. The group had allegedly lured the victim through an X profile that promised sexual favors after months of online communications. Once the victim agreed to meet at a high-end hotel in Chengdu, the perpetrators reportedly used fabricated evidence to threaten the victims reputation, ultimately extorting a 6 BTC transfer. Read more