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The police in You County, Hunan Province, China, have busted a USDT fraud scheme, where suspects lured foreign men to purchase USDT and illegally transfer assets through a trojan horse.
BlockBeats News, July 30th: According to the Yuxian Police, in the early morning of July 24th, under the command of the Yuxian Public Security Bureau's Criminal Investigation Detachment and the Party Committee, a fraudulent "USDT" scheme in the Yuxian County, Hunan Province, China was successfully raided. Three suspects, Tang, Zhang, and Xu, were arrested at the scene, and over 30 mobile phones, more than 10 computers, and over 30 overseas SIM cards were seized.
Through investigation, it was found that the suspects Tang, Zhang, and Xu had been using multiple overseas SIM cards since April 2025 to register accounts on international versions of "TanTan," Telegram, WhatsApp, Twitter, and other social media platforms. They used edited and beautified photos of Zhang to create fake personas such as single wealthy women, solo residents overseas, and cryptocurrency players. They targeted males over 26 years old overseas, added them as friends, and followed pre-prepared scripts to engage in conversations, initially focusing on developing a romantic relationship to establish a sense of trust. Subsequently, they convinced the victims to purchase cryptocurrency (USDT) and deposit it into a Trust wallet. Then, by presenting fake claims of better mining mechanisms, airdrop rewards, and other incentives, they lured the users to click on website links. Once the victim clicked on the link, the fraudsters implanted a trojan virus that allowed them to transfer the cryptocurrency (USDT) from the victim's Trust wallet.
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