Taichung woman loses $470K in fake gold-for-USDT investment scheme
- —Loss exceeded NT$15 million, funded by loans and a property mortgage
- —Scam involved buying gold bars and handing them to a designated physical crypto dealer for USDT
- —Taichung police recorded 1,007 fraud cases from January to August, with NT$426 million in losses
- —Legitimate exchanges accept only transfers from users' own bank accounts, not cash or gold
Why it matters: The case highlights how off-chain gold and USDT handoffs bypass banking oversight and make fund tracing nearly impossible.
Source: 動區 BlockTempo