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[Shanghai Prosecutors Announce Virtual Currency Fraud Case Involving Over 35 Million Yuan] The Shanghai Prosecutor's Office has disclosed a virtual currency fraud case involving over 35 million yuan. Wu and others, under the guise of promoting facial recognition payment devices, deceived victims into purchasing worthless virtual currency GDFC and carried out fraud through false appreciation claims. Subsequently, they launched a new token, ME Coin, to continue defrauding funds. Audits confirmed that GDFC is a 'air coin,' and Wu has been approved for arrest and formally prosecuted. Prosecutors remind the public that activities related to virtual currencies constitute illegal financial behavior, and investors should be cautious of high-return promotions.

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