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Shanghai crypto forex case sends five to prison over $29M transfers – TON BOT

Shanghai crypto forex case sends five to prison over $29M transfers

Five individuals in Shanghai were sentenced to prison for running an illegal foreign exchange network that used cryptocurrency to move over $29.4 million abroad. The group targeted wealthy clients for property purchases, emigration, or study abroad. China has been cracking down on crypto-linked money laundering and underground banking networks.


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