Fuzhou police cracked down on a black and gray production gang that provided virtual currency settlement services

According to the WeChat public account of "Hunan Internet Police", recently, the Fuzhou police discovered a clue in their work that provided funds transfer and payment settlement for black and gray production platforms such as online fraud. The amount involved was huge, and the police quickly set up a special task force to investigate the case. After research and judgment, the police successfully figured out the criminal context and found out that the criminal gang used virtual currency stablecoins to provide funds transfer payments for the black and gray industries of illegal futures platforms through the operation of a fourth-party payment platform, and earned rebates from it. In July 2024, the Fuzhou police organized elite police forces to go to various places to carry out a unified roundup operation, and arrested 11 criminal suspects headed by Pan Moumou in one fell swoop. At present, Pan Moumou and 11 others have been taken criminal compulsory measures by the public security organs in accordance with the law, and the case is under further investigation.