Hong Kong police dismantled a branch of a cryptocurrency money laundering group, with the amount involved exceeding 600 million Hong Kong dollars

ChainCatcher news, according to a briefing from the Hong Kong police, the Hong Kong police recently launched an enforcement operation codenamed "Double Gun," breaking up a money laundering group related to cryptocurrency in a commercial building in Tsuen Wan, arresting 3 men and 1 woman.

The criminal group actively promoted through social media platforms, text messages, and mobile applications, offering enticing deals such as "new member registration discounts" or "cash in, cryptocurrency out." Investigations revealed that the group has collected over 600 million Hong Kong dollars in funds to date.