Chinese Authorities Uncover $296M Illegal Cryptocurrency Operation

Monday, 13 May 2024, 10:50

Chinese police in Panshi City, Jilin have apprehended six individuals behind a clandestine financial network. The operation allegedly involved moving significant sums of money via cryptocurrency transactions, raising concerns of illicit financial activities. The authorities' swift action underscores the ongoing efforts to combat illegal cryptocurrency schemes and ensure financial security.
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Chinese Authorities Uncover $296M Illegal Cryptocurrency Operation

Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

Police in Panshi City, Jilin arrested six people for running an underground bank.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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