China's Zhanjiang police smashed a virtual currency launderer gang; 16 people were tortured

According to comparative news, the public security authorities at the Zhanjiang and Leizhou levels in Guangdong, China recently launched a centralized network collection operation to successfully destroy a criminal gang that uses virtual currency transactions to transfer stolen money through telecommunication networks. The 16 members were taken into criminal detention in accordance with the law.

The gang, headed by He and Zhang, have relied on the virtual currency transaction model to launder and transfer stolen money since the end of 2025, illegally profiteed by earning transaction price differences, and built up a money laundering chain in large numbers by collecting payment accounts such as personal bank cards, WeChat, and Alipay. In the early morning of July 24, the police accurately collected the network across regions and destroyed the gang throughout the chain.

Zhanjiang Public Security solemnly warned that laundered money laundering is an important accomplice in telecommunication network fraud. Depending on the seriousness of the circumstances, the people involved will be suspected of aiding criminal activities, concealing, and concealing criminal proceeds and proceeds of crime. The general public must not rent, lend, or sell personal bank cards and various payment accounts because they are greedy for small commissions, resolutely prevent participation in illegal activities such as virtual currency fund transfers, money laundering, etc., consciously protect personal credit information and property safety, and actively stay away from all kinds of illegal and criminal activities involving fraud.