[Hefei Police Solve Virtual Currency Money Laundering Case, Suspect Provided Fund Transfer Services for Telecom Fraud Gang] According to Deep Tide TechFlow, on February 10, as reported by Zhong An Online, Hefei Xinzhan Police recently successfully cracked a case involving the use of virtual currency to 'launder money' for a telecom fraud gang, arresting the suspect Liu. Investigations revealed that since 2020, Liu had been in contact with telecom fraudsters through overseas chat software and frequently conducted virtual currency transactions on multiple illegal trading platforms to transfer illicit funds for the fraud gang. In June 2025, Liu was found to have received and transferred 260,000 yuan defrauded from a victim.