PANews reported on November 12 that, according to the Nanchong Political and Legal Affairs WeChat official account, the Shunqing Branch of the Nanchong Public Security Bureau recently cracked down on a money laundering gang using virtual currency, arresting five suspects, including Wang. In October of this year, Wang and others saw a "high-salary recruitment" advertisement, instructing them to transfer funds using bank cards, with "compensation" settled in virtual currency. Wang recruited Li, Wu, and others to form a "fleet" for illegal fund transfers. Wu provided the funding, and Wang connected with overseas black market groups, recruiting individuals like Sun to open bank accounts, thus constructing a complete criminal chain. Based on a tip, and with the support of the Criminal Investigation Brigade, the Luxi Police Station of the Shunqing District Public Security Bureau conducted an in-depth investigation and, after nearly a month, apprehended five individuals. During interrogation, they confessed to transferring funds for an overseas fraud ring. The ring also recruited "card farmers" (people who transfer money according to instructions from their superiors), receiving "payment" in virtual currency after completion. Currently, all five are under criminal detention, and the case is under further investigation.PANews reported on November 12 that, according to the Nanchong Political and Legal Affairs WeChat official account, the Shunqing Branch of the Nanchong Public Security Bureau recently cracked down on a money laundering gang using virtual currency, arresting five suspects, including Wang. In October of this year, Wang and others saw a "high-salary recruitment" advertisement, instructing them to transfer funds using bank cards, with "compensation" settled in virtual currency. Wang recruited Li, Wu, and others to form a "fleet" for illegal fund transfers. Wu provided the funding, and Wang connected with overseas black market groups, recruiting individuals like Sun to open bank accounts, thus constructing a complete criminal chain. Based on a tip, and with the support of the Criminal Investigation Brigade, the Luxi Police Station of the Shunqing District Public Security Bureau conducted an in-depth investigation and, after nearly a month, apprehended five individuals. During interrogation, they confessed to transferring funds for an overseas fraud ring. The ring also recruited "card farmers" (people who transfer money according to instructions from their superiors), receiving "payment" in virtual currency after completion. Currently, all five are under criminal detention, and the case is under further investigation.