Shanxi police in China have dismantled a USDT money laundering criminal gang and arrested 7 people

On September 23rd, according to a report from Heshun Public Security Bureau, the Criminal Investigation Brigade of Heshun County Public Security Bureau successfully dismantled a criminal gang that specialized in defrauding victims of fraudulent funds, withdrawing cash, and using USDT for money laundering after careful investigation. In early September 2024, Zhao in the jurisdiction was defrauded of 50000 yuan by impersonating a government worker, and the funds were directly withdrawn from a bank in Chongqing. The police handling the case found that the suspect used the "customer" to purchase a car for a loan by accessing a large number of bank monitoring and transaction records. After obtaining the "customer" bank card information, they sent it to overseas fraudsters through Telegram. After the victim's defrauded funds were transferred to the "customer" bank account, they lied to the "customer" that they needed to withdraw cash to the car bank. After receiving the fraud funds transferred from the "customer", they immediately converted the fraud funds into USDT and transferred them overseas. This gang is involved in more than 10 cases in Beijing, Shanghai, Anhui and other places. With the strong support of the Criminal Investigation Detachment of the Municipal Bureau and the Network Security Brigade of the County Bureau, the police handling the case gradually mastered the complete structure and criminal evidence of the criminal gang using USDT for money laundering, and locked the identity characteristics and scope of activities of the suspect who is responsible for extracting fraud funds. The police handling the case carried out simultaneous arrests in Chongqing, Henan and other places, seizing a total of 7 suspect, detaining one vehicle involved, 10 mobile phones, one money detector, and more than 37000 yuan in cash. The case is currently under further investigation.