Dad was cheated out of 700,000 yuan! The son played a triangular role by himself and tricked the money back. Netizens praised: stronger than the counting and distribution department.

Taiwan Nantou man was cheated out of 700,000, and his son came up with a trick to get the money back.

According to Hua Shi News, a man in Nantou was accidentally deceived by a fraud group and invested 700,000 yuan, but was unable to retrieve the principal. When his son learned of his father's victimization, he decided to take matters into his own hands and recover the defrauded money.

This scam group first used the photo of a beautiful woman to ask about this father's well-being, and promised a high-profit investment plan. Under the other party's persuasion, the father was convinced to invest 700,000 yuan. However, when he wanted to withdraw the profits, he found that he couldn't get back a single cent.

After hearing that his father was deceived, the son decided to fight fire with fire. He played three roles alone: first, he pretended to be his father and claimed to the fraud group that he needed to withdraw money urgently; then he lied about introducing two friends who wanted to invest 500,000 and 1 million respectively, and actively inquired about investment details. In the back and forth, the fraud group thought they had encountered a bigger 'prey' and actually returned 700,000 yuan.

This news has sparked heated discussions among Taiwanese netizens. Some people jokingly call the son 'using magic to deal with magic', while others mockingly comment, 'stronger than the numbers and issuance department', 'what the numbers and issuance department can't do, the people can do...'.

Scams are rampant in Taiwan, and cryptocurrencies are often used as well.

According to the statistics of Nantou County Government, from January to November this year, the county has handled 3,012 fraud cases, with a total financial loss exceeding 1.2 billion. Among them, the false investment fraud cases are particularly rampant, and even the head image of County Magistrate Xu Shuhua has been impersonated by the fraud group.

Not only traditional investment scams, but also scams in the cryptocurrency field are rampant. Fraudulent groups often set traps using people's curiosity and profit expectations for emerging investments, such as giving away free tokens, excessive promotion, false promises, and other methods to deceive investors.

How can you prevent fraud?

The police and professional organizations have provided a number of anti-fraud suggestions. According to the PTS News Network, Chen Yingzhi, the head of the Zhushan Police Station in Nantou, stated that people should manage their finances through legal channels and be cautious in verifying information. The police and prosecutors will never ask for supervisory accounts, use messaging apps to deliver official documents, or collect payments in person.

Bitquery, a blockchain transaction analysis tool, also suggests that if you are interested in cryptocurrency investment, you should first read the white paper of the project in detail to confirm its professionalism and reliability, and also verify the background and experience of the development team.

In terms of security, it is important to remain highly vigilant about free giveaway tokens, and to use cold wallets to store large amounts of funds and regularly update wallet software to prevent the risk of cryptocurrency theft.

Once unfortunate enough to encounter fraud, you should change the related account password, enable two-factor authentication, backup the private key, and report to the police as soon as possible. Professional blockchain analysis tools can assist in tracking stolen funds and increase the chances of recovery.

Most importantly, in the face of seemingly high-profit investment opportunities, it is important to remain vigilant and rational. Remember, there is no free lunch in the world, and any investment that seems too tempting may conceal the risk of fraud.

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[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, perspectives, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

Dad was cheated out of 700,000! The son played three roles alone to deceive the money back, netizens praised: stronger than the number of departments' first publication of this article was in 'Cryptocurrency City'