Xiamen police Xiang'an branch destroyed an underground money bank gang involved in virtual currency cashing out, with a huge amount of money involved

According to the Yexiang Min'an WeChat account, the Xiamen police Xiang'an Branch, in conjunction with relevant police types, smashed an underground money house gang that used Sifang Payment to launder money and withdraw cash. The gang traveled across the country, posted advertisements through chat software to find gangs that needed "money laundering", and used virtual currency to cash out, match, and provide illegal funds payment and settlement services to overseas criminal gangs. The amount involved was huge. At present, nine criminal suspects have been taken criminal compulsory measures in accordance with the law for suspected illegal business operations and crimes of assisting information network criminal activities, and the case is under further investigation.