Wu learned that the Wenling Public Security Bureau disclosed a virtual currency investment fraud case. The victim, Mr. Cui, met a blogger claiming to be a "senior investment mentor" on social media. After initial profits, he was induced to download a fake investment app for so-called "guaranteed profit" virtual currency operations. Within 20 days, Mr. Cui deposited a total of 445k yuan. When the account showed profit and he attempted to withdraw, he found the app inaccessible and the relevant person unreachable. Police remind that virtual currency-related businesses are illegal financial activities in China, and any stock or coin recommendations promising "high returns, guaranteed profits" are fraud. Investors should be vigilant against such high-risk scams.

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