Shanxi Changzhi police have cracked a case involving a money laundering gang using virtual currency, with an amount involved exceeding 2 million yuan

ChainCatcher news, according to Huanghe News Network, recently, the Anti-Fraud Center of the Shangdang Branch of the Changzhi Public Security Bureau, with the assistance of the Cybersecurity Division of the Municipal Public Security Bureau, successfully cracked a case involving a money laundering gang using virtual currency, arresting 11 criminal suspects, with an amount involved exceeding 2 million yuan.

Upon investigation, it was found that all gang members were locals of Changzhi. They profited by buying virtual currency at a low price and then selling it at a high price, subsequently withdrawing the involved funds from multiple banks in Xi'an and Taiyuan. The police conducted arrest operations in areas such as the Xiaodian District of Taiyuan and Jingle County of Xinzhou. During interrogation, the gang members confessed to their crimes. All members of this fraud and money laundering gang have now been subjected to criminal coercive measures, and the case is currently under further investigation.