E-Wallet Laundering Crackdown: Man Jailed for Cryptocurrency Cash-Out Scam

A Gansu court sentenced a man to over two years for laundering illicit funds through cryptocurrency. Posing as a courier, he withdrew cash in blind spots and converted it to digital assets, moving over 390,000 yuan in a week. The ruling highlights how offline cash collection fuels telecom fraud, warning the public against handling suspicious transfers.

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