TechFlow news, on May 16, Sichuan Public Security in China released 10 typical cases of economic crimes, disclosing the "2•6" illegal business (foreign exchange) case. Since August 2021, Fan, He, Chen and others successively established studios and technology consulting companies in Chengdu, using social networking software to conduct targeted traffic diversion toward specific clients. They colluded with domestic agents of overseas exchange institutions and provided illegal cross-border RMB remittance services through methods such as cashing out overseas gift cards and virtual currency matching trades, involving a total amount exceeding 3.9 billion yuan.
The case led to the successful arrest of 21 suspects and was concluded in December 2024, subsequently transferred for prosecution review.
