Ministry of Public Security: Telecom fraud groups are using blockchain, virtual currency and AI technology to upgrade their criminal methods

The Ministry of Public Security reported at a press conference held on January 10 that as of the end of 2024, more than 53,000 Chinese criminal suspects involved in telecommunications fraud in northern Myanmar had been captured, and the "four major families" criminal groups in Kokang in northern Myanmar had been successfully destroyed. The Ministry of Public Security pointed out that despite the remarkable effectiveness of the crackdown, the crime situation remains severe. Fraud syndicates are leveraging new technologies such as blockchain, virtual currency and AI intelligence to continuously upgrade their criminal tools. These gangs are well-organized and carry out illegal activities such as app development, traffic promotion, transfer and money laundering through cross-border collaboration. Scammers customize fraud scripts for people of different ages, occupations and educational backgrounds, and the victim groups are wide. Although the telecom fraud parks in northern Myanmar near the Chinese border have been cleared, there are still a large number of fraud dens under the guise of "technology parks" and "development zones" outside the country. (Beijing Business Daily)