According to the United Daily News, there are new developments in the money laundering case involving the ‘Money Laundering Godfather’ Tu Chengwen, who is suspected of using the cryptocurrency exchange ‘BITGIN’ to assist overseas gambling and telecom fraud groups in money laundering, revealing a massive criminal network. Recently, law enforcement has arrested several core members, including senior executives of the exchange Zhang Hanlin and registered person Xu Guanzhi. Reports indicate that this case coincided with the death of a blockchain expert in a car accident, leaving the entire incident filled with doubts and controversies.
Law enforcement investigation: The exchange has become a money laundering tool for criminal groups.
According to the United Daily News, law enforcement indicated that Tu Chengwen conducted large-scale money laundering operations through the cryptocurrency exchange, primarily relying on virtual currencies such as USDT, BTC, and ETH. Tu Chengwen, through his company Humor Technology, purchased points from gaming companies and then resold the points to overseas companies in Hong Kong, concealing the flow of funds through methods such as virtual currency and cashing out with credit cards. The Chief Operating Officer of the exchange, Zhang Yuting, and his brother Zhang Hanlin are the core figures involved in the entire money laundering operation. Zhang Yuting plays an important role in Tu Chengwen's money laundering network, helping to manage fund flows amounting to hundreds of billions. Zhang Hanlin, relying on his experience in cryptocurrency trading, supports the entire operation. In this operation, law enforcement arrested the two individuals, and the prosecution subsequently requested the court to detain them due to suspicions of fraud and risks of fleeing or tampering with evidence.
Bizarre coincidence! Coin Flow Analyst meets with tragedy.
According to reports, a police officer surnamed Xie from the Criminal Investigation Bureau's Technology Crime Prevention Center is suspected of leaking case surveillance information and, along with his girlfriend, a coin flow analyst surnamed Chen, has been summoned for questioning by the prosecution. The analyst is known for her expertise in coin flow analysis and has assisted the police in solving numerous cryptocurrency fraud and money laundering cases over the years, even helping to secure budget allocations for cryptocurrency tracking software in the Legislative Yuan. However, both the analyst and the officer died in a car accident while returning to the north on the 4th, and the police are conducting an in-depth investigation into the cause of the accident. This incident has raised suspicions from the public, with some netizens believing there may be more to the story behind the events.
The timing of this case has drawn significant attention from the cryptocurrency community, and the contributions of the analyst have earned her great respect in the industry. A netizen claiming to be a friend of the analyst commented on PTT, praising her as one of the top coin flow experts in the country, who voluntarily assisted the police in solving several major cases, including the Huang Zijiao creative private case. The netizen questioned whether the cause of death from ‘being rear-ended on the highway in the middle of the night’ was straightforward.
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‘New developments in the Money Laundering Godfather case! Senior executives of the exchange face detention again, and the death of the coin flow analyst becomes a bizarre coincidence’ This article was first published on ‘Crypto City’
