According to BlockBeats, on August 30, Ms. Zhang from Tianjin was defrauded of more than 260,000 yuan online this month, and the money was withdrawn in Xingguo, Ganzhou. The Xingguo police quickly took action, arrested 8 suspects, destroyed a virtual currency money laundering den, and seized 200,000 yuan of funds involved in the case.
After investigation, it was found that on August 5, the suspect Li Mouyuan received a call from a loan fraud money laundering gang and was asked to provide a bank account for money laundering and make an appointment to withdraw a large amount of cash. On August 11, Li Mouyuan withdrew 260,000 yuan knowing that the funds were involved in the case.
The overseas fraud gang arranged members to monitor the cash withdrawal process through the Bat Chat tool, and handed the cash to virtual currency money laundering suspect Hou Moupeng, who then exchanged the cash into virtual currency U.
On August 12, Li Mouyuan was arrested while handling the account involved in the case at the bank. The police subsequently arrested Zhu Mouzhe, Fan Mouhui, Li Moufu and others, and on the evening of August 20, they destroyed the money laundering den, arrested Hou Moupeng and four others, and seized 200,000 yuan.