Police in Suixi County, east China's Anhui Province, have seized nine suspects in a cross-border telecom fraud case concerning a fake trading platform.

On Sept. 5, a victim surnamed Hu reported to the local police that he had been cheated out of more than 400,000 yuan (56,534 U.S. dollars) by a fake bitcoin investment platform.

Hu said he added a contact on WeChat, China's leading social media platform, in May, who recommended Hu to register on a financial trading platform. The victim then invested in bitcoin under the guidance of the suspect and found he was cheated.

After an investigation, the police found that some suspects had recently been to the Philippines. On Tuesday and Wednesday, a total of nine suspects were nabbed in the city of Shenzhen, south China's Guangdong Province.

Police said the gang had established dens in China and the Philippines since March. The scammers lured the victims to install fake trading software and invest large amounts of money. Through manipulating the background data, the suspects controlled the profits and losses of victims and restricted them from withdrawing money.

The suspects have been put under criminal detention.

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