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Industry

Fake Job, Real Prison: Chinese Man Jailed for 30 Months Over Crypto Scam

Prosecutors said he helped run fake cryptocurrency investment schemes that targeted victims through social media and dating apps.

Written By Iyiola Adrian Iyiola Adrian
Edited by Jahnu Jagtap Jahnu Jagtap
Published 1 hour ago·Updated 34 minutes ago
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Fake Job, Real Prison: Chinese Man Jailed for 30 Months Over Crypto Scam

Key Highlights

  • A Chinese court sentenced Huang to 2 years and 6 months in prison and fined him 30,000 yuan for taking part in crypto-related telecom fraud.
  • Huang was lured by a high-paying overseas job advertisement, smuggled into Myanmar, and later worked in both Myanmar and Cambodia.
  • The fraud groups built trust with victims and tricked people into investing money on fake cryptocurrency platforms.

A Chinese court has sentenced a man identified as Huang to two years and six months in prison for taking part in telecom fraud operations that used fake cryptocurrency investments to steal money from victims in Myanmar and Cambodia.

The Shanghai Baoshan District People’s Procuratorate announced the case on July 3 after Huang was found guilty of fraud on June 10. Along with the prison sentence, the court also fined him 30,000 yuan ($4,418).

A high-paying job that wasn’t real

According to prosecutors, the case began in October 2022 when Huang, who was born in 2000 and worked in a factory after finishing high school, saw an online job advertisement offering 15,000 yuan a month.

The job claimed he only needed to transport gold overseas. Thinking it was a real opportunity, Huang contacted the recruiters and followed their instructions. He flew to a border area before being guided by smugglers across mountains and rough paths into Myawaddy, Myanmar.

After arriving, Huang received just one day of training before starting work at a scam compound. Prosecutors said his job was to contact people through social and dating platforms, build friendly relationships with them, and slowly gain their trust.

How the fake crypto investment scam worked

Once the victims felt comfortable, they were introduced to cryptocurrency investments that promised high returns.

However, the investment websites were fake and completely controlled by the fraud group. The money people deposited never went into real investments but instead ended up in the hands of the scammers.

Authorities said the group used a common trick known as a “pig-butchering” scam. These criminals spend time earning a victim’s trust before convincing them to put money into fake investment platforms. 

Because the relationship feels real, many victims believe the investment is safe until they discover they cannot get their money back.

When the scam compound in Myawaddy shut down in November 2023, Huang was transferred to another fraud company. Prosecutors said the new group used a different approach to reach victims. 

Workers first pretended to be foreigners looking for houses to rent through online rental platforms.

After starting casual conversations, they encouraged people to continue chatting on social or dating apps. To make the fake identities look real, the group used AI face-swapping technology and foreign models during conversations. Once trust had been built, victims were directed to fake cryptocurrency websites where they were asked to register, deposit money, and invest.

Another risky trip to cambodia

Huang was brought back to China in March 2025 and released on bail because he was suffering from tuberculosis.

However, prosecutors said that while he was still on bail, he answered another online advertisement promising high-paying work communicating with foreigners. He then travelled illegally to Cambodia, where he was reportedly sold from one scam compound to another. It was only after the final compound shut down in January 2026 that he managed to escape and return to China.

Court hands down prison sentence

After reviewing the case, the Shanghai Baoshan District People’s Procuratorate charged Huang with fraud on May 28, saying he worked with others to obtain victims’ money by making false claims and hiding the truth through online communication.

The court later found him guilty and sentenced him to two years and six months in prison, along with a fine.

The prosecutors also used the case to warn the public about overseas job offers that promise high pay, easy work, and no experience. They said these advertisements can hide serious dangers, including fraud, smuggling, and illegal detention. 

They advised people not to take part in illegal overseas jobs, cross-border customer service work, or cryptocurrency investment promotion, and encouraged anyone who discovers suspicious recruitment to report it to the authorities.

China steps up fight against scam networks

Huang’s case comes as China continues to increase its crackdown on telecom and cryptocurrency scam networks operating overseas. Authorities said more than 6,600 suspects have been brought back from Myawaddy since coordinated operations began in February 2025.

The case also follows recent action by U.S. authorities against similar fraud networks in Cambodia. In June 2026, the U.S. Treasury imposed sanctions on people and businesses linked to Cambodia’s Prince Group over alleged cyber fraud and fake cryptocurrency investment schemes.

Earlier this year, the U.S. Department of Justice also targeted billions of dollars’ worth of Bitcoin allegedly connected to the network. 

In a separate case, the Justice Department seized infrastructure linked to a Cambodia-based Huione Group, saying it was used to support cryptocurrency laundering, investment scams, and other online fraud activities.

Also Read: French Couple Loses €1.5M in Crypto to Camera-Glasses ‘Rip Deal’ Scam

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola Adrian
By Iyiola Adrian
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Iyiola Adrian is a Crypto Analyst at The Crypto Times, based in Lagos, Nigeria. He covers daily cryptocurrency market developments, including Bitcoin and Ethereum price action, altcoin movements, on-chain trends, and fact-check reports on circulating market claims. His analysis emphasizes how African and emerging-market investor behavior interacts with global crypto flows. Before joining The Crypto Times, Iyiola was a contributor at CoinCodex, where he focused on long-form crypto analysis, project reviews, and biographical research on industry figures. He has been writing on digital asset markets continuously since 2022, and his expertise spans market research, chart pattern analysis, technical indicators, and fundamental valuation across the crypto sector. Iyiola holds a Bachelor's degree in Civil Engineering from the Federal University Oye-Ekiti, Nigeria, and is currently pursuing a Master's in Business Administration at Afe Babalola University, Nigeria.
Jahnu Jagtap
By Jahnu Jagtap
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Jahnu Jagtap is a Senior Crypto Research Analyst at The Crypto Times, based in Ahmedabad, India. He leads the publication's technical research desk, tracking daily market momentum, Ethereum network realized profits, institutional capital flows (such as ETF inputs and major fund performance), and SEC tokenization frameworks. All advanced on-chain analysis and macro-policy developments pass through his desk to guarantee empirical precision before publication. Jahnu holds professional certifications in Blockchain and Its Applications from SWAYAM MHRD and Cryptocurrency from Upskillist. His deep immersion in live blockchain data and quantitative market cycles has shaped his meticulous approach to technical verification and structural editing on multi-layered macro stories.

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