Shandong Shouguang police uncovered a money laundering case involving the use of virtual currency, with the amount involved exceeding 9 million yuan

The Public Security Bureau of Shouguang City, Shandong Province successfully cracked a money laundering case. A criminal gang applied for 17 bank cards and made more than 50 withdrawals from major banks in Shouguang within one and a half months, with the amount involved in the case exceeding 9 million yuan. At present, the police have arrested a total of 8 suspects and the case is under further investigation. After interrogation, it was found that the gang used an overseas encrypted chat software called "Paper Plane" to contact their overseas bosses, used their bank cards to help people receive funds involved in suspected telecommunications network fraud and other illegal crimes, and then used bank counters and ATMs to collect funds. Withdraw cash through machines and other methods, purchase the virtual currency USDT offline, transfer the virtual currency to the host, and achieve the purpose of seeking illegal benefits by buying low and selling high. He is suspected of assisting information network criminal activities and covering up and concealing criminal proceeds. (The Paper)