ChainCatcher news, according to Xinhua News Agency, the Public Security Bureau of Changyang Tujia Autonomous County in Hubei recently cracked a virtual currency money laundering case, arresting 22 criminal suspects, with a total money laundering amount reaching 300 million yuan.In June of this year, the Changyang police received a report stating that a resident was unable to withdraw funds after "investing" over 400,000 yuan on a certain platform. The police quickly organized an investigation, and on July 27, 16 arrest teams consisting of more than 40 police officers acted simultaneously, capturing 17 criminal suspects in Guangshui City, Hubei Province, among which 9 were criminally detained. They seized more than 500,000 yuan in cash and over 30 devices including mobile phones and computers on site, and froze more than 200,000 yuan in funds along with a virtual currency account valued at 300,000 yuan.Criminal suspect Fu confessed that he started helping foreign criminals launder money from September 2022, earning a commission of 150 yuan for every 10,000 yuan of virtual currency "USTD" traded. To expand the scale, Fu recruited relatives, friends, and classmates into the scheme, sharing profits based on the trading volume. By the time of the case, Fu had illegally profited over 500,000 yuan.