Shanxi Changzhi police cracked a case of using virtual currency to launder money, and 11 people were arrested

On July 13, the Anti-Fraud Center of Shangdang Branch of Changzhi Public Security Bureau, with the assistance of the Network Security Detachment of the Municipal Public Security Bureau, successfully cracked a case of using virtual currency money laundering gang and arrested 11 alleged offenders, involving more than 2 million yuan.
After investigation, the gang members were all locals in Changzhi. They profited by buying virtual currency at a low price and then selling it at a high price. They then withdrew the funds involved in the case from a number of banks in Xi'an and Taiyuan. The police went to Xiaodian District, Taiyuan City, Jingle County, Xinzhou City and other places to carry out arrests. After interrogation, the gang members confessed to the crimes they had committed. The members of the fraud money laundering gang have now been subject to criminal coercive measures. The case is currently under further investigation.