Chinese police arrest cryptocurrency money laundering suspects
CryptoNewsTerminal Staff05 Sep, 2024
Chinese police arrest cryptocurrency money laundering suspects
The Public Security Bureau of Wuhuxian District, Anhui Province, China, has detected an organization that laundered money through a false cryptocurrency trading platform and arrested three suspects. They are accused of disguising illegal funds as legal income through false transactions and transferring funds through bank accounts or third-party payment platforms. The suspects have been detained and the case is under further investigation.