Caixin: In 2024, Chinese authorities prosecuted 3,032 people for money laundering crimes, including using "virtual currencies" to transfer criminal proceeds.

On December 6, Caixin published an article titled "Building a Firewall Against Virtual Currency to Protect the Public's 'Wallets'." The article's data showed that in 2024, Chinese authorities prosecuted 3,032 people for money laundering crimes, including using virtual currency to transfer illicit proceeds. Some of these individuals were "pulled into the trap" due to a lack of legal awareness. A scholar's analysis of 283 judgments in cases of money laundering using virtual currency revealed that criminal groups heavily exploit marginalized youth as tools for their crimes, exhibiting significant geographical clustering and a high proportion of individuals with only junior or senior high school education.