The Public Security Bureau of Hengyang County of China has solved the case of the 9.15 criminal group engaged in money laundering through cryptocurrencies.
According to the agency, since 2018, members of the group have received funds from fraud and gambling, which were then converted into digital currency and withdrawn into US dollars. Subsequently, money for legalization was sent to various companies in China.
In total, the attackers have laundered up to 40 billion yuan or $5.5 billion.
Law enforcement officers conducted searches in the provinces of Hainan, Guangdong, Fujian, Jiangxi and others, where they found more than 10 money laundering facilities.
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