Police in Huanggang, Hubei, have dismantled a telecom fraud ring involved in offline cash withdrawals and cryptocurrency money laundering, arresting six suspects. The operation, led by Luotian police, targeted a group serving overseas fraudsters by converting illicit funds into USDT. The gang, known as a "cash-out team," was responsible for 28 transactions, laundering over 1 million yuan. The suspects are currently in custody as investigations continue.
Hubei Police Dismantle Crypto Money Laundering Scam, Arrest 6 Suspects
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