The police in Wugong County have cracked a money laundering case involving more than 50 million yuan, in which the gang transferred fraud funds through virtual currency transactions and other means.

According to BlockBeats news on August 30th, the Xianyang Public Security Bureau in Shaanxi Province recently conducted a thorough investigation of a "card-related" case, which involved multiple money-laundering links such as "renting and lending cards," "buying and selling cards," and "domestic organizers," and smashed a "chain" of laundering services for telecommunications fraud in the country. 18 people were taken into custody, 13 people were administratively punished, and more than 70 mobile phones and bank cards involved in the case were seized, with a total of 70,000 yuan in cash recovered. It has been found that overseas fraudsters organized and contacted domestic money-laundering groups led by Wang and Liu through social networking software, using offline cash withdrawal, online virtual currency transactions, and false online shopping platforms to transfer fraud funds for the overseas fraud group. The victims are located in provinces and cities such as Shaanxi, Shandong, Gansu, Hebei, Jilin, Jiangsu, Beijing, Guangxi, and Fujian, with the amount involved exceeding 50 million yuan. The case has been transferred for prosecution.