According to ChainCatcher, the Wuhe County Public Security Bureau of Anhui Province has made precise judgments and taken prompt actions to successfully cut off a chain of money laundering activities that used virtual currency trading platforms as a cover, and three suspects were finally caught. The money laundering gang took advantage of the public's vague understanding of virtual currency investment and used virtual currency trading platforms as a cover. On the surface, they were engaged in seemingly legal investment speculation, but in fact they were engaged in illegal money laundering activities. The amount involved by the gang was as high as tens of millions of yuan, posing an immeasurable threat to financial order and social security.
The scoring gang manipulated highly concealed scoring software, used bank accounts or third-party payment platforms, and "laundered" the illegally obtained funds through fictitious transactions and decentralized transfers, making them look like legal income. At present, compulsory measures have been taken against the three suspects in accordance with the law.
