CCTV News: Man sneaks into Myawaddy, Myanmar for telecom fraud, lures victims into virtual currency investment, sentenced

CoinFeed July 4 news, according to CCTV News, the Shanghai Baoshan District Procuratorate disclosed a case yesterday in which defendant Huang sneaked abroad to engage in telecom fraud, inducing victims to invest in virtual currency. After the Myawaddy scam compound in Myanmar disbanded, he continued participating in "pig-butchering" scams, using AI face-swapping, foreign model communication, and other methods to gain victims' trust, then guiding them into cryptocurrency investments. Subsequently, a group leader took over, tricking victims into registering, recharging, and investing on fake websites. He was ultimately sentenced to two years and six months in prison for fraud, with a fine of RMB 30,000.