A case involving virtual currency fraud and money laundering was heard, and the wallet involved in the case traded more than 30 million USDT

On April 28, the Sunwu Court in Heilongjiang Province, China, heard a case involving virtual currency over-the-counter trading for fraud and money laundering. The two wallets used by the suspects involved transactions exceeding 30.39 million USDT, with nearly 10,000 USDT transactions with multiple parties, involving nearly 10,000 receiving accounts. The total transaction amount was as high as 120 million yuan. The virtual currency fund accounts handled by the suspects were used in 7 telecommunications network fraud cases to gain victims' trust, transfer funds to victims, or directly or indirectly receive fraudulent proceeds.