Taizhou cracked a "high-interest financial management" fraud case that used "U-coin" as a medium to transfer stolen money, with the amount involved reaching more than 6 million yuan.

Jin from Taizhou was defrauded of more than 6 million yuan by a high-interest financial management company. The fraud gang used U-coin investment as bait and laundered money by collecting cash. The main culprit was sentenced to three and a half years in prison and fined.