Beijing police cracked a series of virtual currency cases involving more than 2 billion yuan

According to BlockBeats, the Beijing police and the Beijing branch of the State Administration of Foreign Exchange recently jointly cracked a series of cases involving virtual currency, involving more than 2 billion yuan, involving 15 provinces and cities including Beijing, Shanghai, and Zhejiang. It is worth noting that this case is not only a variety of hidden criminal methods, but also a "serial case", from dark web transactions to illegal foreign exchange trading, which is complicated. Beijing police previously received clues that someone used the "dark web" and virtual currency to transmit information and conduct virtual currency transactions, especially illegally selling various types of private information of Chinese citizens. In addition, the police found that the criminal suspect Yan Moumou used virtual currency to settle transactions in the process of selling citizen information. In the process of exchanging virtual currency for cash, the amount was particularly huge, which also attracted the attention of the police. After in-depth investigation, the six members of Lin Moumou's underground bank involved in the case and Yan Moumou, who illegally sold citizen information, gradually became clear about their respective criminal facts. In December 2023, the police divided into four groups and took action simultaneously in Wenzhou, Nanjing, Beijing, and Harbin to arrest all the criminal suspects involved in the case. The police seized more than 20 mobile phones and other electronic devices and more than 30 bank cards used in illegal activities. After counting, the case involved more than 2 billion yuan in funds, and more than ten virtual currency wallets were used for illegal transactions. The Beijing Municipal Public Security Bureau's Economic Crime Investigation Team said that in my country, virtual currency-related business activities are illegal financial activities. Using virtual currency as a cross-border transaction medium to achieve illegal exchange of foreign exchange and RMB is illegal foreign exchange trading.