Kathmandu. Police have arrested a Chinese national for defrauding Nepali citizens through social media and laundering the proceeds through illegal cryptocurrency transactions.A team from the District Police Range, Kathmandu, apprehended 35-year-old Zhu Yi Feng from the Thamel area on Thursday.According to police, Feng would establish contact with Nepali citizens via various social media platforms, gaining their trust through various inducements.Preliminary investigations revealed that he used the bank accounts of Nepali citizens to collect the defrauded funds and subsequently converted them into cryptocurrency, police stated on Friday. Transaction of 177.9 million rupeesPolice discovered records indicating that the suspect had conducted cryptocurrency transactions...