The Telegraph: Chinese investors were deceived by schemes involving point running and cryptocurrency ML

Point Running scams in China deceive victims by promising rewards for transferring cryptocurrency, but often involve them unknowingly laundering funds. In some cases victims are tricked into depositing crypto into fraudulent platforms, as seen in a case where a resident lost over 280,000 yuan. Authorities warn that these scams are rising with the growing popularity of cryptocurrencies, linking them to both financial loss and ML…