Chinese police arrest cryptocurrency money laundering suspects

IconCryptoNewsTerminal Staff05 Sep, 2024

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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.