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Qingdao police jointly uncovered a large-scale underground bank case involving a total amount of 15.8 billion yuan, and captured an acceptor who ille

CointimeCointime2023/12/24 06:04
By:Cointime

The Qingdao police in Shandong Province, in conjunction with other authorities, have cracked a major underground banking case involving a total amount of 15.8 billion yuan, spanning 17 provinces and municipalities across the country, and arrested illegal currency exchange dealers. In November 2022, Qingdao police found that the accounts of Jin and others were extremely abnormal, with an average daily turnover of over 3 million yuan and a total transaction amount of more than 2 billion yuan, and that large amounts of funds were being operated at high frequencies throughout the day with abnormal characteristics such as rapid entry and exit. Li is an ordinary employee of a county-level textile enterprise, but the funds flowing through her associated and controlled third-party bank cards amount to more than 5 billion yuan, which is obviously inconsistent with her identity. In this regard, we conducted an investigation around her trading partners and found that Li's other identity was actually a currency exchange dealer specializing in illegal trading of virtual currencies. Li helped Jin exchange large amounts of funds into virtual currencies such as Tether through a virtual currency trading platform overseas. With solid evidence in hand, law enforcement officers launched a crackdown. Qingdao police seized virtual currencies such as Tether and Litecoin worth about 2 million yuan on the spot. The case has been transferred to the procuratorate for review and prosecution.

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