Breaking: Chinese Zunyi Police Arrests 100 People in $130 Million Crypto Money Laundering Case

The latest update in the Chinese Crypto Ban saw the Zunyi City Public Security Bureau arrest nearly 100 suspects for running one of the largest virtual currency money-laundering rackets, amounting to 800 million yuan, i.e., $130 Million in laundered money. Furthermore, the police revealed that the money laundering gang used exchange giants like Huobi, Okex, and Binance to set up accounts and carry out the scam.