Police in Nanchong, Sichuan Province, recently dismantled a money laundering gang that used virtual currency, arresting five suspects.

According to Odaily Planet Daily, the Shunqing Branch of the Nanchong Public Security Bureau recently cracked down on a money laundering gang that used virtual currency, arresting five suspects, including Wang.

Police reported that a criminal gang led by Wang recruited "card farmers" through WeChat Moments and other channels, using the lure of "high commissions" and providing their bank card numbers to overseas suppliers. After the funds were transferred, the money was transferred in installments to designated accounts according to the supplier's instructions. Once the "money laundering" was completed, the supplier would settle the "rewards" in cryptocurrency. Currently, five suspects, including Wang and Li, have been criminally detained by the police, and the case is under further investigation.