ChainCatcher news, on July 5, 2024, the Wudang Branch of the Guiyang Public Security Bureau issued a "Notice of Termination of Patent Technology Services for Crimes Involving Virtual Currency," with the reason for project termination being that the supplier's commitment letter was not stamped with an official seal.The project content includes the "Dandelion Organization Leadership Pyramid Scheme," which involves analyzing criminal behavior and profiles related to nearly 10T+ data addresses and over 2.5 billion account relationships on public chains such as Ethereum and Tron. It requires secure blockchain data collection for Ethereum and Tron, splitting blockchain data fields, obtaining valid wallet addresses from massive amounts of addresses, locating the flow of funds, identifying fund retention, and determining transaction relationships. Additionally, it needs to have extensive data labeling analysis capabilities, overseas exchange address recognition capabilities, and services for verifying overseas exchanges. The project funding is 9.5 million RMB.

ChainCatcher news, according to China National Radio, the Wuchang District Branch of the Wuhan Public Security Bureau has successfully dismantled a gang that used virtual currency for money laundering through the collaboration of three centers: the "Intelligence, Guidance, and Action" Integrated Center, the Law Enforcement Case Management Center, and the Synthetic Operations Center. Seven arrest teams simultaneously conducted operations in provinces and cities such as Deyang in Sichuan, Changchun in Jilin, and Dongguan in Guangdong, resulting in the criminal detention of 27 individuals. The funds flowing through the accounts controlled by this gang reached 1 billion yuan.Investigations revealed that since April of this year, the suspect, referred to as "Certain," contacted his "superior" through the "Airplane" software to accept tasks, organizing gang members to use proceeds from telecom fraud to purchase digital virtual currency online, which was then transferred to the superior's account, thus helping the telecom fraud gang launder money and earning commissions in the process. Preliminary statistics indicate that this money laundering gang was involved in funds amounting to as much as 1 billion yuan. The case is currently under further investigation.

According to ChainCatcher news from the public account of Binzhou Captain, the Public Security Bureau of Zouping City successfully solved a virtual currency theft case involving approximately 300,000 RMB. The victim, Mr. Kong, reported that his virtual currencies (including USDT, ETH, and BNB) stored in his BitKeep wallet suddenly disappeared. After investigation, the police found that Mr. Kong's friend, Mr. Shang, had significant criminal suspicion. Mr. Shang was later confirmed as a suspect and arrested, and all of Mr. Kong's virtual currencies were successfully recovered.The police remind that virtual currencies, game coins, game equipment, and other virtual properties are also protected by law, and criminal acts such as theft and fraud against such virtual properties will still be subject to legal sanctions.