On September 2, according to the WeChat official account of Hunan Public Security, the Yueyang police successfully cracked a large virtual currency money laundering case. The criminal gang used the "blockchain over the counter merchant" as a cover to attract "Canon" to provide bank cards through the price of each USDT higher than the market price of 0.8 yuan, providing a money laundering channel for illegal funds such as overseas online gambling and telecommunications fraud.
Since July 2024, the gang has set up a four-level money laundering network, handling illegal funds of about 170 million yuan, and illegally profiting more than 1 million yuan across more than 20 provinces and cities across the country. At present, the police have arrested 15 alleged offenders, and the case is under further investigation.
China's Hunan police cracked 170 million yuan virtual currency money laundering case, arrested 15 suspects
2025-09-02 02:33:19
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