According to the Yellow River News Network, the Anti-Fraud Center of the Shangdang Branch of the Changzhi Public Security Bureau, with the assistance of the Cyber Security Brigade of the Municipal Public Security Bureau, successfully cracked a money laundering gang case using virtual currency and arrested 11 criminal suspects, involving a total 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 cashed out the funds involved in the case in many banks in Xi'an, Taiyuan, etc. The police went to Xiaodian District of Taiyuan City and Jingle County of Xinzhou City to carry out the arrest. After interrogation, the gang members confessed to the crimes. Criminal compulsory measures have been taken against the members of the fraud and money laundering gang. The case is currently under further investigation.