China Cracks Down on $19.5M Crypto Money Laundering Ring Using Mixing Services

Chinese authorities have detailed a major cryptocurrency money laundering operation involving a former technology executive who embezzled 140 million yuan ($19.5 million) from his employer. The Beijing Haidian People’s Procuratorate revealed how the defendant used eight overseas virtual currency platforms to convert stolen funds into bitcoin and other digital assets. The executive, identified by surname […] The post China Cracks Down on $19.5M Crypto Money Laundering Ring Using Mixing Services appeared first on Coin Edition.