Chinese Zhanjiang Police Smash Virtual Currency "Point Farming" Money Laundering Gang, 16 Arrested

BlockBeats News, July 31. Recently, the public security agencies at two levels in Zhanjiang and Leizhou, Guangdong, China launched a concentrated operation and successfully smashed a "point running" money laundering criminal gang that used cryptocurrency transactions to transfer telecommunications fraud proceeds. Sixteen members were criminally detained according to law.

The gang, led by a couple, He and Zhang, started at the end of 2025, whitewashing and transferring fraud proceeds through a cryptocurrency transaction model, illegally profiting by earning the price difference in transactions, and extensively collecting personal bank cards, WeChat, Alipay, and other payment accounts to establish a money laundering chain. In the early morning of July 24, the police conducted a precise operation across regions and completely dismantled the gang.

Zhanjiang police solemnly remind that "point running" money laundering is a key accomplice to telecommunications fraud. The suspects will be charged according to the severity of the circumstances, including aiding in the crime of information network crime, concealing and concealing criminal proceeds, and benefiting from crime proceeds. The general public should not, for the sake of small commissions, rent, lend, or sell personal bank cards and various payment accounts, resolutely avoid participating in illegal activities such as cryptocurrency fund transfers and money laundering through proxy payments, consciously safeguard personal credit and property security, and take the initiative to stay away from various fraud-related illegal criminal activities.