Sunwu Court heard a case involving virtual currency fraud and money laundering, with over 30 million USDT in transactions in the wallet involved

According to the Sunwu County People's Court public account, the Sunwu Court tried a case involving virtual currency trading and money laundering through fraud. The two wallets used by the suspects traded 30,396,278.76 U coins, conducting nearly 10,000 U coin transactions with multiple parties. The case involved nearly 10,000 receiving accounts, with a total transaction amount reaching 120 million yuan. The virtual currency accounts handled by the suspects were used in 7 telecommunications network fraud cases to gain victims' trust, transfer and receive funds, and directly or indirectly receive fraudulent proceeds. The Sunwu Court legally sentenced the suspects for concealing and hiding criminal proceeds, imposing corresponding criminal penalties and fines, and confiscating all illegal gains.