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

 Beijing Business Daily reported that at a press conference held by the Ministry of Public Security on January 10, it was announced that as of the end of 2024, more than 53,000 Chinese criminal suspects involved in telecommunications fraud in Myanmar's northern region have been arrested, and the "Four Major Families" criminal groups in Myanmar's northern region have been successfully destroyed. The Ministry of Public Security pointed out that although the crackdown has achieved significant results, the crime situation is still severe. Fraudulent groups are constantly upgrading their criminal tools using new technologies such as blockchain, virtual currency, and AI intelligence. These groups are well-organized and engage in illegal activities such as cross-border cooperation in app development, traffic diversion and promotion, and money laundering. Fraudsters tailor their scripts to target victims of different ages, professions, and educational backgrounds, and the victims are widespread. Although the telecommunications fraud park near the Chinese border in Myanmar's northern region has been cleared, there are still many fraudulent dens operating overseas under the guise of "technology parks" and "development zones".

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