According to Odaily, the Changzhi City Public Security Bureau's Anti-Fraud Center, with assistance from the Cyber Security Brigade, has successfully dismantled a cryptocurrency money laundering ring. The operation led to the arrest of 11 suspects and involved a sum exceeding 2 million yuan.

Investigations revealed that all members of the group were local residents of Changzhi. They profited by purchasing virtual currency at low prices and selling it at higher rates. The illicit funds were then withdrawn from various banks in cities such as Xi'an and Taiyuan. The police conducted arrest operations in locations including Xiaodian District of Taiyuan City and Jingle County of Xinzhou City. During interrogations, the suspects confessed to their crimes. All members of the fraudulent money laundering ring have been subjected to criminal coercive measures, and the case is currently under further investigation.