Police in Wanshan, Tongren, Guizhou Province, have cracked a virtual currency fraud case involving 7,118 USDT. The victim, Chen, was deceived by Tan during an offline transaction. Tan used a 'read-only wallet' to falsely display funds and presented fake cash to gain Chen's trust. After Chen deposited the USDT, Tan transferred the funds and denied the transaction. The case remains under investigation. Authorities caution that virtual currency activities are illegal and carry high risks. They advise verifying wallet addresses before transactions and warn against scams involving in-person cash displays.