logo

Tianshui Court hears a case involving the laundering of virtual currency illicit funds: the defendant sentenced to two years and four months for "running errands to cash out."

By: rootdata|2026/04/04 16:42:01
0
Share
copy

The People's Court of Qinzhou District, Tianshui City, Gansu Province recently tried a criminal case involving virtual currency, where the defendant, through a "high-paying errand" job, knowingly withdrew a total of over 390,000 yuan within 7 days in areas without surveillance, and converted the funds into virtual currency to transfer to their superior, profiting 21,500 yuan in the process.

The court determined that the defendant constituted the crime of concealing and disguising criminal proceeds, sentencing them to two years and four months in prison and imposing a fine of 10,000 yuan, as well as ordering the return of illegal gains. The judge reminded that offline cash withdrawals have become a key link in "laundering" telecom fraud proceeds, and that "errand cash withdrawals" and "high-paying daily settlements" are often part of the fraud chain. The public should be vigilant against behaviors such as cash collection, transfers, and assisting in fund transfers to avoid becoming accomplices in crime.

You may also like

How to balance risk and return in DeFi yields?

Have these yields ever been reasonable? Have we ever received the compensation we deserve for the risks taken in DeFi, and where should the future spreads be set?

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.
The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Popular coins

Latest Crypto News

00:42

Trump: The war with Iran will end soon, and the United States will win

According to Jinshi reports, U.S. President Trump stated in an interview with Fox News that he believes the war with Iran will end soon, and the U.S. will achieve victory. If Iran wants to negotiate, they can call the U.S. side, "I hope Iran is a bit smarter."
00:42

Data: ETH current average funding rate across the network for 8 hours is -0.0014%

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0014%. Among the current mainstream exchanges, the rate on Binance is -0.0029%, OKX is -0.0024%, Bybit is 0.0015%, and Gate is -0.0015%.
00:42

Data: In the past 24 hours, the total liquidation across the network was $90.8633 million, with long positions liquidated at $35.1872 million and short positions liquidated at $55.6761 million

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $90.8633 million, with long positions liquidated at $35.1872 million and short positions liquidated at $55.6761 million. Among them, Bitcoin long positions were liquidated at $3.2569 million, Bitcoin shor...
23:42

Trump spoke with the British Prime Minister, emphasizing the need to restore shipping in the Strait of Hormuz

According to Jinshi reports, U.S. President Trump spoke on the phone with British Prime Minister Starmer to discuss the current situation in the Middle East and emphasized the "urgent need to restore shipping in the Strait of Hormuz."The British side stated that the ongoing blockade for several week...
22:42

Data: If BTC falls below $74,149, the cumulative long liquidation intensity on major CEX will reach $984 million

According to Coinglass data, if BTC falls below $74,149, the cumulative long liquidation intensity on mainstream CEX will reach $984 million. Conversely, if BTC breaks above $81,349, the cumulative short liquidation intensity on mainstream CEX will reach $834 million.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com