AiCoin|Feb 10, 2026 02:41
[Kaiping, Guangdong Cracks Virtual Currency 'Money Laundering' Case Involving Over 2 Million Yuan in Fraudulent Funds]
On February 10, the Jiangmen Cyberspace Administration public account disclosed that the Kaiping City Procuratorate handled a case involving virtual currency 'money laundering.' The criminal gang withdrew funds obtained from telecom network fraud and other crimes, converted them into virtual currency, and transferred them to upstream fraudsters. Over 2 million yuan in fraudulent funds were transferred within two months. Currently, 19 individuals involved in the case have been sentenced by the Kaiping City Court for the crime of concealing and disguising criminal proceeds.
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