TechFlow news, on December 2, the Wanbaili District People's Procuratorate in Taiyuan City recently successfully handled a case involving the use of cryptocurrency to conceal and disguise criminal proceeds. Suspects Chen and Li assisted fraudsters in transferring 1.47 million yuan through a "cash → USD → USDT" method. The court accepted the prosecution's sentencing recommendations and sentenced the two individuals to fixed-term imprisonment of two years and six months, and one year and six months respectively, along with fines. This case reveals a new type of criminal method combining "investment scams + cryptocurrency money laundering." The procuratorial authorities have joined forces with relevant agencies to launch anti-fraud awareness campaigns, warning the public to remain vigilant against such highly concealed cross-border fund transfer crimes.
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