Capital Medical University Freshman Defrauded of 1.8M Yuan, Tricked Into Buying 370K Yuan in Cryptocurrency

According to Modern Express, a Capital Medical University freshman was defrauded of nearly 1.8 million yuan recently by scammers posing as police officers. The fraudsters used forged official documents and threats to isolate the student from family and school, then deceived them into withdrawing cash, gold, and purchasing 370,000 yuan worth of cryptocurrency under the guise of a 'bail deposit.' Police managed to intercept and freeze 370,000 yuan in funds, but the student ultimately lost over 1.42 million yuan. Banks and police made multiple attempts to stop the fraud, but the scam proceeded before they could fully intervene.
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