More than a hundred suspects of money laundering through cryptocurrencies were arrested in China – Bits Media

Law enforcement authorities of the Chinese city of Zunyi detained 130 Human. They are accused of organizing a large-scale money laundering scheme through cryptocurrencies worth more than $130 million.

Operation Broken Card was launched by the Anti-Corruption Squad fraud by Zunyi City police in July 2021 of the year. Subsequently, a special working group was organized to combat the criminal cell. After two months of investigation and collection of evidence, approximately 100 money laundering suspects. The police also confiscated 51 mobile phone, 15 computers and 511 bank card.

According to the police, members of the criminal group committed at least 332 case of money laundering. They actively used digital assets in their activities, and the money was laundered through the largest cryptocurrency exchanges - Binance, OKEx и Huobi.

Police noted, that criminals remained undetected by law enforcement agencies and bank security services for a long time. This was facilitated by the use of cryptocurrencies, splitting large sums into small transfers and using multiple bank cards.

In early September, Taiwan police arrested
fourteen citizens, money laundering suspects, deception of investors and cryptocurrency fraud on $5.41 million.