Zhanjiang Police Dismantle Virtual Currency "Running Score" Money Laundering Gang, 16 Criminally Detained

According to Guangzhou Daily, recently, public security organs at the Zhanjiang and Leizhou levels carried out a centralized crackdown operation in Zhanjiang, Guangzhou, Zhuhai and other places, successfully dismantling a "paofen" money laundering criminal gang that used virtual currency transactions to transfer illicit funds from telecom network fraud. 16 members have been criminally detained in accordance with the law. Upon investigation, since the end of 2025, the gang collected personal bank cards, WeChat, Alipay and other payment accounts to receive and circulate fraud-related illicit funds, and illegally profited from transaction spreads.