Odaily Planet Daily News: The People's Court of Liyang City, Jiangsu Province, made a judgment on a virtual currency money laundering case on July 26, 2024. An unemployed man named Xiao Wu was sentenced to six months in prison, suspended for one year, and fined RMB 2,000 for participating in virtual currency money laundering activities. The case shows that in November 2023, Xiao Wu contacted the "money laundering company" through Telegram to repay the credit card debt owed by investing in foreign exchange and virtual currency during college. He bought U coins on the trading platform, and then transferred and sold them through the "U-MATOU" APP to earn the difference. On December 22, 2023, the Liyang Public Security Bureau received a fraud report involving Xiao Wu's bank card. After investigation, Xiao Wu's bank account had a total of 13 transactions, totaling more than 25,000 yuan, and his personal illegal profit was more than 5,000 yuan.