Sun Wu Court is hearing a case involving virtual currency fraud and money laundering, with wallet transactions exceeding 30 million USDT involved

According to the official account of the People's Court of Sunwu County, the Sunwu Court tried a case of illegal money laundering of OTC transactions of virtual currency. The two wallets used by the people involved in the case traded 30396278.76 U-currency, and they successively conducted nearly 10000 U-currency transactions with many people, involving nearly 10000 collection accounts, with a total transaction amount of 120 million yuan. The virtual currency capital accounts they handled were used in seven cases of telecommunications network fraud to cheat the victims' trust, transfer money to the victims, or directly or indirectly receive the fraudulent accounts. The Sun Wu Court sentenced the individuals involved in the case to cover up and conceal their crimes in accordance with the law, imposed corresponding penalties and fines, and confiscated all their illegal gains.