[Criminal Gang Uses Virtual Currency for Money Laundering, 7 Members Sentenced] The criminal gang lured victims with the promise of free credit card repayments, fabricated transactions to launder illegal funds, and worked with cryptocurrency dealers to exchange the funds into virtual currency for transfer abroad. Seven members involved in the case were sentenced to prison terms ranging from one year and two months to two years and six months, along with fines. (Source: CCTV Finance)