Huining police destroyed a gang that used virtual currency to launder money for gambling and fraud, involving more than 3 million yuan in funds

Odaily Planet Daily News Recently, the Public Security Bureau of Huining County, Gansu Province successfully dismantled a family-owned "running score" money laundering gang and successfully captured four criminal suspects who were involved in "running score money laundering" for online gambling and telecommunications fraud. According to preliminary statistics, the gang used personal accounts to transfer funds amounting to more than 3 million yuan. After investigation, since August this year, the criminal suspect Nan and his relatives, a total of four people, have used the "Airplane" chat software to contact overseas telecom fraud, online gambling and other money laundering gangs in order to obtain illegal benefits. Under the guidance of the money laundering gangs, , the four purchased “USTD” virtual currency through the “USTD” virtual currency trading group, then sold and realized it through WeChat groups and benchmarking platforms, and used their own and their relatives’ bank cards, WeChat, Alipay and other accounts to transfer funds to each other’s designated accounts. Illegal profits of more than 80,000 yuan were made from it. On September 7, the investigating police launched a network closing operation and arrested all four people including Nan. They seized 18 mobile phones, 39 overseas phone cards, 1 desktop computer host, and 1 laptop computer at the scene, and seized more than 7,000 worth of mobile phones. There are more than 900 yuan USDT virtual coins. At present, the four criminal suspects have been taken criminal compulsory measures by the Huining County Public Security Bureau in accordance with the law, and the case is under further investigation.