TechFlow News: On February 10, according to Zhong’an Online, Hefei Xinzhan Public Security recently cracked a case involving the use of virtual currencies to launder money for telecom fraud gangs, arresting suspect Liu Mou. Investigations revealed that since 2020, Liu Mou had contacted telecom fraudsters via overseas messaging apps and frequently traded virtual currencies on multiple illegal trading platforms to transfer illicit funds for the fraud gang. In June 2025, Liu Mou received and transferred 260,000 RMB defrauded from a victim.
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