Fuzhou police dismantled a black and gray production gang that provided virtual currency settlement services

ChainCatcher news, according to the "Hunan Internet Police" WeChat official account, recently, Fuzhou police discovered a case clue during their work that provided fund transfer and payment settlement for online fraud and other gray industry platforms, involving a huge amount of money. The police quickly established a special investigation team to carry out case investigations. After analysis, the police successfully clarified the criminal context and found that the criminal gang operated a fourth-party payment platform, using virtual currency stablecoins to provide fund transfer payments for illegal futures platforms in the gray industry, earning commissions from it. In July 2024, Fuzhou police organized elite forces to carry out a unified net collection operation across various locations, capturing 11 criminal suspects led by a person named Pan. Currently, Pan and the other 11 individuals have been subjected to criminal coercive measures by the public security organs, and the case is under further investigation.