Sichuan Public Security announced a typical case: a criminal gang illegally conducted foreign exchange business activities using methods such as virtual currency collusion, with an involved amount exceeding 3.9 billion yuan

2025-05-16 13:19:55

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ChainCatcher news, according to a report by Hongxing News, Sichuan Public Security has released 10 typical cases of economic crimes, including the "2 • 6" illegal operation (foreign exchange) case. In this case, since August 2021, Fan, He, Chen, and others set up studios and technology consulting companies in Chengdu, using social networking software to conduct targeted traffic for specific clients. They colluded with domestic agents of overseas foreign exchange institutions to provide illegal cross-border RMB exchange services through methods such as cashing out overseas gift cards and virtual currency trading, with a total amount involved exceeding 3.9 billion yuan. A total of 21 criminal suspects were successfully apprehended in this case, which concluded its investigation in December 2024 and was transferred for prosecution.

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