Anhui police dismantled a money laundering gang that used a virtual currency trading platform for money laundering, with an involved amount reaching tens of millions

ChainCatcher news, the Public Security Bureau of Wuhua County, Anhui Province, made precise judgments and took swift actions, successfully cutting off a chain that used virtual currency trading platforms as a cover while actually engaging in money laundering activities through score running. Three suspects have been brought to justice. This score running gang took advantage of the public's vague understanding of virtual currency investment, using virtual currency trading platforms as a cover to seemingly engage in legitimate investment speculation while actually participating in illegal score running and money laundering activities. The amount involved in this gang reached tens of millions, posing an immeasurable threat to financial order and social security.

The score running gang manipulated highly concealed score running software, utilizing bank accounts or third-party payment platforms, and through fictitious transactions and dispersed transfers, "laundered" the illegally obtained funds, making them appear as legitimate income. Currently, the three suspects have been subjected to compulsory measures in accordance with the law.