Wenzhou Police Crack Down on Criminal Organizations Related to Blockchain "Smart Contract" Technology

Legal documents from the Cybersecurity Bureau of the Ministry of Public Security reported today that Ohai police in Wenzhou, Zhejiang province killed the country's first criminal case using a blockchain "smart contract". and destroys two violation sites. Ten people were arrested and fined millions of dollars. This information is known to be related to the "Telegram HT Arbitration Scam", which has been repeatedly published by various security companies. Since 2019, gangs have been using fake HT "smart contracts" to obtain thousands of ETH virtual currencies from victims. Police have received information and implicated the charges of more than 1,300 people across the country who have been defrauded. In the case of more than 100 million wins.