Taizhou cracked a "assembly line" case of transferring stolen money using virtual currency as a medium, and a victim was defrauded of more than 6 million yuan.

Huobi HTX reported that according to the Taizhou Internet Police official account, Taizhou victim Jin was lured into a false investment platform that must be exchanged for cash into a virtual currency "U currency" before continuing to "invest" or withdraw book "profits", and was eventually defrauded of more than 6 million yuan. The police found that an efficient money laundering "U coin assembly line" was running at high speed behind the scenes. The fraud gang "goes online" remotely commanded a number of "takers" to go to Huangyan, Taizhou, Zhejiang, and directly collected hundreds of thousands of yuan and millions of yuan in cash from Jin in batches and multiple times. The People's Procuratorate of Huangyan District, Taizhou City filed a public prosecution for concealing and concealing the proceeds of crime. The district court sentenced the person involved to three years and six months in prison and a fine of RMB 80,000.