Caixin: A wealthy female businesswoman in the cryptocurrency circle in China was defrauded of 60 million yuan in the United States.

CoinFeed reported on June 11 that, according to Caixin.com, a wealthy Chinese businesswoman was defrauded of over $9.4 million (approximately 60 million RMB) in the United States. Her mining pool, at its peak, reportedly accounted for 9% of the global Bitcoin hashrate. The businesswoman, surnamed Lü, is the CEO of a computing power technology company in a southwestern province of China. Reportedly, she was lured into a trap by two brothers, the Zubair brothers, who claimed to be from the Middle East. The elder brother, claiming to be a prince consort of the Middle East, asserted that his uncle was the Saudi Minister of Defense, controlling Middle Eastern family funds, international business relationships, and resources in US local governments. The younger brother, inspired by the American TV series "Billions," imitated a character playing a hedge fund manager. The two brothers even successfully "hunted" Michael Smedley, the chief of staff to the mayor of East Cleveland, tricking the businesswoman into signing a cryptocurrency mining farm development contract.