Sun Wu Court hears virtual coin Money Laundering case: the transaction flow involved is 120 million yuan.

According to the Gate.io News bot, the Sunwu County People's Court reported that the Sunwu Court is currently hearing a case of money laundering involving off-market virtual coin trading. The individuals involved conducted transactions of 30.39 million U coins through two wallets, completing nearly 10,000 transactions with multiple trading counterparts. The receiving accounts used in the case number nearly 10,000, with a total transaction volume reaching 120 million yuan. These virtual coin fund accounts were used to gain the trust of victims in 7 telecom network fraud cases, to carry out remittance operations, and served as accounts for directly or indirectly receiving the proceeds of fraud.

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