Chinese Police have busted a gang that laundered $1.7 billion worth of money using cryptocurrencies.
a local news agency 10 december According to the news published on attached to china By law enforcement in the Inner Mongolia autonomous region Tongliao cryptocurrencies with money launderer a gang After 3 months of work smashed. Often in the activities of the gang cryptocurrencies and blockchain technology known to have used it. Within the scope of the operation 63 people while being arrested ji and Zhang of the two leaders Zhang‘of BangkokIt was announced that he had fled to Turkey, but personnel were sent to arrest him.
In July 2022, the local security department Shi Mouyuan in the financial records of a construction company named fund flow anomaly Many states, autonomous regions and cities were also included in the research, which started after notifying the relevant departments. As a result of the investigations, the gang online pyramid schemes, fraud, gambling and other crimes converting assets thought to be acquired into cryptocurrencies, and an extensive business network established were found.
The gang’s total so far $1.7 billion worth 12 billion yuan They are presumed to have been laundered.