Openly buying and selling virtual currencies to secretly help fraudsters launder money

Morning Post News: Buying and selling virtual currencies is a normal investment behavior, but some criminals use foreign virtual currency platforms to trade, speculate on virtual currencies on the Internet, and help fraudsters launder money. Recently, Gao from Dalian helped others "launder money" in the process of buying and selling virtual currencies. Shishi police detained her on suspicion of concealing and hiding the proceeds of crime.
In October this year, Ms. Chen from Shishi reported to the police that she was defrauded of more than 10,000 yuan. It turned out that Ms. Chen wanted to borrow money from an online loan platform. During the process of contacting the other party, the other party asked Ms. Chen to transfer money in the name of handling fees and deposits. After Ms. Chen transferred more than 10,000 yuan to the other party's designated account, she was blocked.
The police investigated the criminals' accounts and found that the funds involved flowed into an account under the name of a woman named Gao. On November 30, the police went to Dalian and arrested Gao.
According to Gao's confession, one day in August this year, she accidentally saw an advertisement on the Douyin platform, which said "earning 500 yuan a day is not a dream" and that one could make money quickly by speculating on virtual currency on the Internet. Gao immediately added a WeChat friend named "Muzi" by scanning the QR code inside, downloaded the corresponding APP software from the URL sent by "Muzi", and bound more than 20 bank cards for herself and her family in one go through the guidance of the APP customer service. Gao said that she also knew that the platform was used by criminals to launder money.
Afterwards, the criminals transferred the money obtained from the fraud to Gao's account, and Gao then transferred the money out by buying and selling virtual currencies such as "DC Coin" and "Bitcoin", and made a profit from the difference. In just over three months, the funds in her account flowed as high as tens of millions of yuan.