The Chinese Embassy in Maldives reminds Chinese citizens in Maldives to be alert to new types of fraud involving false cryptocurrency transactions According to Foresight News, on August 19th, the Chinese Embassy in Maldives issued a reminder: the Maldives Police Department recently issued a notice reminding the public to pay attention to a new type of fraud that is emerging within the country. The fraud is usually carried out by an unidentified third party intermediary. The way of committing the fraud is complex, involving false cryptocurrency transactions, and is mainly aimed at foreigners, especially Chinese citizens. The following is a detailed explanation of the modus operandi: 1. The fraudster contacted a local Tether seller through an online platform, claiming to need assistance with currency exchange transactions and providing a cryptocurrency wallet address, requesting the seller to transfer Tether to that address. 2. Scammers contact Chinese citizens who hold a large amount of Lufia cash and arrange for them to meet with Tether sellers.