Seven men in Hubei, China illegally set up online channels to engage in illegal trading of virtual currency have been investigated and punished

BlockBeats news, on May 15, according to the China News Network, the Xian'an police in Xianning City, Hubei Province successfully cracked a case of unauthorized use of illegal channels for international networking. The criminal gang led by Tang Moumou has set up several network equipment in private houses, accessed the Internet without authorization by using illegal channels, and engaged in illegal transactions of virtual currency and foreign exchange on a large scale with the help of overseas software. The funds involved in the case amounted to more than 120000 yuan. At present, seven offenders have been subject to administrative punishment according to law, and the case is being further explored and expanded.