The police in Hubei Province cracked the "first case of virtual currency" in the country, involving a turnover of 400 billion

According to the official account of Ping An Hubei, the reporter learned from the Public Security Bureau of Shayang County, Jingmen City, Hubei Province that Qiu Moumou, the principal culprit of the 400 billion cross-border online gambling case, has been sent for trial according to law. The police found that all transactions of gamblers were settled with a virtual currency. The special case team followed the clues and followed the line, and successfully locked multiple virtual currency accounts involved in the case. The special case team connected with the virtual currency issuer and froze the relevant virtual currency account involved, preventing the virtual currency involved in the account worth 160 million US dollars (about 1 billion yuan) from flowing into the hands of the suspect gang. In October 2022, the People's Court of Shayang County issued a judgment to confiscate part of the frozen virtual currency according to law. This case became the first "virtual currency case" confiscated by the court in the country.