According to Procuratorial Daily, police in Xiangyang, Hubei, previously intercepted an Audi sedan at a highway service area, discovering 9 million RMB in cash packed into 5 backpacks inside the car. Investigations revealed that the individuals involved were instructed by their superiors to collect RMB cash domestically and use cryptocurrency as a cross-border intermediary to pay foreign currencies like HKD overseas, bypassing foreign exchange regulations through a 'mirror trading' method. From August 2023 to June 2025, the group illegally exchanged over 5 million RMB. In February this year, the court sentenced the main perpetrator to one year in prison for illegal business operations, while the other three received sentences ranging from eight to ten months, along with fines. The verdicts have now taken effect. https://(wublock123.com)/news/900w-cash-in-audi-trunk-four-sentenced-for-crypto-cross-border-exchange-64569