TechFlow news, on September 1, according to official reports, Yueyang police organized more than 70 officers to simultaneously launch arrest operations at over ten locations across the city, successfully dismantling a major money laundering gang using cryptocurrency transactions as a cover. The gang posted "high-price coin purchase" advertisements via overseas encrypted messaging apps, luring "card farmers" by buying USDT at prices above market rate, providing money laundering services for overseas online gambling and telecom fraud groups. Within six months, the gang operated across more than 20 provinces and cities, laundering nearly 170 million yuan and making over one million yuan in illegal profits. So far, 15 suspects have been arrested, and the case is under further investigation.
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