Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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The Supreme People's Court and the Supreme People's Procuratorate published typical cases of concealing criminal proceeds; a person involved in a virtual currency case was sentenced to fixed-term imprisonment and fined.

2025-08-27 11:51

Odaily Planet Daily reported that the Supreme People's Court and the Supreme People's Procuratorate released typical cases of punishing crimes of concealing and hiding criminal proceeds and profits from criminal proceeds in accordance with the law, and accurately identified crimes of concealing and hiding criminal proceeds committed by means of virtual currency and other means. The "Case of An Moumou and Others Concealing Criminal Proceeds" was selected. The three defendants in this case helped criminals transfer large amounts of funds on the digital currency trading platform and used the funds transferred to bank card accounts by others to purchase virtual currency. It was verified that the victims were defrauded of a total of more than 500,000 yuan. The circumstances were serious and they were all sentenced to fixed-term imprisonment and fined.