Eat a big melon~ Beijing police cracked a series of virtual currency cases, involving more than 2 billion yuan

Recently, the Beijing police and the Beijing branch of the State Administration of Foreign Exchange jointly cracked a series of virtual currency cases, involving more than 2 billion yuan, involving 15 provinces and cities including Beijing, Shanghai, and Zhejiang. It is worth noting that this case is not only a variety of criminal methods, but also a "serial case", from dark web transactions to illegal foreign exchange trading, which is complicated. The Beijing police previously received clues that someone used the "dark web" and virtual currency to transmit information and conduct virtual currency transactions, especially illegally selling various types of private information of Chinese citizens. The group members who sold information were as high as hundreds of people, and the cumulative sales of citizens' personal information in the group reached hundreds of millions, and the transaction method was strictly limited to virtual currency.

After in-depth investigation, the six members of Lin Moumou's underground bank and Yan Moumou who illegally sold citizens' information were gradually clear. In December 2023, the police divided into four groups and took action simultaneously in Wenzhou, Nanjing, Beijing, and Harbin to arrest all the suspects involved in the case. The police seized more than 20 mobile phones and other electronic devices and more than 30 bank cards used in illegal activities. After counting, the case involved more than 2 billion yuan in funds, and more than ten virtual currency wallets were used for illegal transactions.

The Beijing Municipal Public Security Bureau's Economic Crime Investigation Team said that in my country, virtual currency-related business activities are illegal financial activities. Using virtual currency as a cross-border transaction medium to achieve illegal exchange of foreign exchange and RMB is illegal foreign exchange trading.