Be careful when shopping for a GPU.
Chinese police have arrested 22 people in connection with selling counterfeit GPUs at online retailers.
Police from Binzhou City, located in the Bincheng district of China, raided a warehouse of a gang suspected of acquiring old GPUs from cryptomining rigs, cleaning and repackaging them for sale as new. This is the result of a reported year-long investigation . According to the police, it was an elaborate operation involving several different crews, each responsible for various tasks. One team 'acquired' the GPUs, another was charged with cleaning and testing them, and another group packaged and labelled them to appear brand new. Of course, a team was also responsible for selling the counterfeit products., the second-hand market, especially in China, has been flooded with used GPUs.
Victims wouldn't realise until it was too late that they'd paid full price for GPUs listed as new, but that were worth just a fraction of the cost. Some scammers have even gone as far asOf the 22 arrests, only seven individuals are facing criminal charges. Police claim the value of the bogus GPUs involved in their criminal case is estimated at over $2 million USD.
There's also a possibility some counterfeit GPUs have made their way to US retailers, so exercising caution is advised when shopping for a new graphics card from a third-party seller. As a rule of thumb, if the price for a new GPU feels too good to be true, you're probably right.
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