according to Guangming Net, the Shanghai Pudong police recently successfully smashed a criminal gang that used "recruitment for labor" as a cover to transfer funds for overseas fraud groups. The gang recruited personnel to register virtual currency wallets to provide illegal fund circulation accounts for fraudulent activities. On April 13, Mr. Tang, a resident, received a "payment on delivery express" text message and contacted the other party to cancel the express delivery. The other party asked him to provide bank card information and send a link. After Mr. Tang clicked on the link and entered the bank card number and verification code as requested, he found that his bank account had been debited, with a total loss of over one million yuan, so he reported to the police. After receiving the report, the police quickly set up a special task force to conduct an investigation, targeting the criminal gang led by Miao and Wang. On April 22 to 23, the police carried out a unified operation to capture 11 suspects in Qingpu District. It was found that the gang sold the virtual currency accounts registered by recruits to overseas fraudsters for 40 to 50 yuan each, for money laundering. Currently, the main suspects Miao and Wang have been detained, and several other suspects have been taken into custody in accordance with the law. The case is under further investigation, and the police have frozen and recovered some of the funds involved.