Hangzhou authorities have announced that a fraud ring is targeting elementary school gamers, tricking them into transferring money and then laundering it through cryptocurrency.

PANews reported on November 1st that, according to the Hangzhou Municipal Government's official WeChat account, several primary school students recently fell victim to a scam while playing a game called "Egg Party." A criminal gang impersonated police officers, claiming that the game accounts had been misused by criminals, and induced victims to "cooperate with the investigation" and transfer money, some amounts reaching tens of thousands of yuan. The Fuyang District People's Procuratorate of Hangzhou has accused the gang of quickly converting the proceeds into cryptocurrency and then laundering the money through on-chain transfers. Prosecutors warn that anyone claiming to be law enforcement and requesting transfers to so-called "safe accounts" is a scam, and parents should strengthen anti-fraud education for their children.