[Caixin: 3,032 People Prosecuted for Using 'Virtual Currency' to Launder Criminal Proceeds in 2024] Foresight News reports that Caixin published an article titled 'Building a Firewall for Virtual Currency to Protect the Public's Wallet,' which revealed that in 2024, relevant authorities prosecuted 3,032 individuals for crimes involving the use of 'virtual currency' to transfer criminal proceeds and other money laundering activities. Many were dragged into these crimes due to a lack of legal awareness. A scholar analyzed 283 verdicts related to virtual currency money laundering cases and found that criminal groups extensively exploited marginalized young individuals with low socioeconomic status as tools for their crimes. The cases showed significant regional clustering, with most offenders having only junior high or high school education.