CoinVoice has recently learned that according to the Yellow River News Network, recently, the Anti-Fraud Center of the Shangdang Branch of the Changzhi Municipal Public Security Bureau, with the assistance of the Cyber Security Brigade of the Municipal Public Security Bureau, successfully cracked a case of a money laundering gang using virtual currency and arrested 11 criminal suspects, involving an amount of more than 2 million yuan.
After investigation, it was found that all the gang members were locals in Changzhi. They made profits by buying virtual currency at low prices and then selling it at high prices. They then withdrew the funds involved in the case from multiple banks in Xi'an, Taiyuan and other cities. The police went to Xiaodian District of Taiyuan City and Jingle County of Xinzhou City to carry out arrest operations. After interrogation, the gang members confessed to their crimes. Criminal compulsory measures have been taken against the members of the fraud and money laundering gang. The case is currently under further investigation. [Original link]