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Chinese Executive Sentenced for Washing $19.5 Million Using Crypto Mixers and Exchanges

Chinese Executive Sentenced for Washing $19.5 Million Using Crypto Mixers and Exchanges

Simply put Authorities recovered over 90 BTC, valued at around $11 million. Prosecutors stated that the funds were moved through eight offshore exchanges and obscured using coin mixing methods. This incident is part of a government report indicating a rise in cryptocurrency-related fraud within China’s tech industry. The Beijing Court handed a 14-year prison sentence […]