Americans Lose Billions to Chinese Crypto Scams | China in Focus

Americans lose an estimated $10 billion a year to Chinese crypto fraud schemes. U.S. authorities say they are working to seize and return stolen funds linked to scams run by transnational criminal organizations tied to the Chinese Communist Party (CCP). Three Chinese scientists are now off the hook after authorities in Beijing intervened in an alleged biological smuggling case in the United States.

Source: Americans Lose Billions to Chinese Crypto Scams | China in Focus