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The United States has cracked a million-dollar payment fraud case involving Crypto Assets Money Laundering.
According to a report by Golden Finance, the U.S. Northern California Federal Prosecutor's Office announced on August 13 that a large-scale payment fraud case involving Money Laundering of Crypto Assets has been cracked. Prosecutors charged eight suspects with using Phishing techniques to invade the account system of a mobile shopping service platform, obtaining funds through fake orders and digital payment card traps, and then converting the funds into Crypto Assets by purchasing gift cards, ultimately exchanging the funds for U.S. dollars. The amount involved exceeds $1 million.
All defendants have been arrested and granted bail, and will be tried in the Oakland Federal District Court on August 25.