The彰化 police in Taiwan recently announced that they have dismantled a criminal group engaged in fraudulent activities using virtual currencies. The group, led by a man surnamed Lin, lured victims into investing in virtual currencies through the promise of fictitious investment opportunities and high returns. Statistics show that a total of 68 victims lost a combined NT$1 billion as a result of this scam. Following the intervention of the police, nine suspects, including Mr. Lin, were legally referred for prosecution on charges of fraud. Two of the suspects were ordered by the prosecutor to undergo a mandatory measure of not being allowed to leave the country. This case highlights the risk of fraud in the virtual currency market, warning the public to remain vigilant when making virtual currency investments to avoid becoming victims of fraudsters.