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Here's the Tweet by WuBlockchain that kicked off the Twitter thread pictured for this SN post:
Recently, a victim attended a meeting of crypto investors in Chengdu, China, and was controlled in the car after meal. Criminal used the victim’s facial recognition to unlock the phone and wallet, exchanged the cryptocurrency for 4.1m USDT, and then transferred funds and leave.

The article doesn't reference a source, like verification from the police. So without that, it hovers somewhere between rumor and fact.