Criminal gang used virtual currency to launder 130 million yuan, 7 people were sentenced

The criminal gang used free credit card repayment as bait, laundered the stolen money through fictitious consumption and exchanged it for virtual currency to transfer overseas, involving a total amount of 130 million yuan. Seven members of the gang were sentenced to one year and two months to two years and six months in prison and fined for illegal business operations. Regulatory authorities remind us to be vigilant against such new money laundering scams and avoid participating in illegal transactions and turning them into criminal tools. (Source: CCTV Finance)