Zhanjiang Police Dismantle Virtual Currency "Running Score" Money Laundering Gang, 16 Criminally Detained

TechFlow reports, on July 31, according to Guangzhou Daily, recently public security organs at both Zhanjiang and Leizhou levels launched a concentrated crackdown operation in Zhanjiang, Guangzhou, Zhuhai and other places, successfully dismantling a "paofen" money laundering criminal gang that utilized virtual currency transactions to transfer proceeds from telecom and online fraud; 16 members have been criminally detained in accordance with the law. Upon investigation, since the end of 2025, the gang collected personal bank cards, WeChat, Alipay and other payment accounts to receive and transfer fraud-related illicit funds, and illegally profited by earning transaction spreads.