Baise Intermediate Court released a case involving the provision of virtual currency trading platform accounts to assist in the transfer of fraud proceeds

ChainCatcher news, the Baise Intermediate People's Court has released a case involving the provision of virtual currency platform accounts to assist in the transfer of criminal proceeds and their profits. The relevant accounts were used for receiving and selling Tether, helping to transfer criminal proceeds and their profits, and then receiving the funds from the sale of virtual currency through Alipay accounts, which were then cashed out through withdrawal, transfer, and other means.

From February 2020 to May 2021, the criminals received a net amount of 1.313 million Tether through the involved accounts, cashing out 205,000 Tether, with a cash amount of 1.46 million yuan.