Godfather of Money Laundering Tu Chengwen's case: Exchange is suspected of helping Money Laundering, core team again under detention

According to the United Daily News, there is new progress in the Money Laundering case of the "Money Laundering Godfather" Tu Chengwen. He is suspected of using the Virtual Money exchange "BITGIN" to assist overseas gambling and telecom fraud groups in Money Laundering, which involves a huge criminal network. The police recently arrested several key members, including the high-level Zhang Hanlin and the registered person in charge Xu Guanzhi of BITGIN. It is reported that this case coincided with the death of a Block chain expert in a car accident and the whole incident is full of doubts and controversies.

(Chasing the Taiwanese Money Laundering godfather network of '88 Palace': The chief operating officer of 'Currency War' was detained through the anti-money laundering statement exchange)

Police investigation: Coins have become a tool for criminal organizations in Money Laundering

According to the United Daily News, the police pointed out that Tu Chengwen conducted large-scale Money Laundering operations through the Coin King exchange, mainly relying on Virtual Money such as USDT, BTC, and ETH. Tu Chengwen purchased points from game companies through his subsidiary Humor Technology, and then resold the points to overseas Hong Kong companies, using Virtual Money and credit card transactions to conceal the flow of funds. Zhang Yuting, the operations director of Coin King, and his brother Zhang Hanlin are the key figures in the entire Money Laundering operation. Zhang Yuting plays an important role in the Money Laundering network of Tu Chengwen, assisting in handling the flow of funds amounting to billions of yuan. Zhang Hanlin supports the entire operation with his experience in Virtual Money transactions. The police arrested the two individuals in this operation, and the prosecutor subsequently applied for detention on charges of fraud, as well as the possibility of escape and collusion in evidence, to the court.

A strange coincidence! Just as the currency flow analyst died

According to reports, Xie, an officer of the Criminal Investigation Bureau's Financial Crime Prevention Center, is suspected of leaking case monitoring information, and both he and his girlfriend, a currency flow analyst surnamed Chen, were questioned by the prosecutor's office. Analyst Chen is well-known for her expertise in currency flow analysis and has long assisted the police in solving many virtual currency fraud and Money Laundering cases, even prompting the court to allocate budget for tracking currency software. However, on their way back to the north on the 4th, Analyst Chen and Officer Xie died in a car accident, and the police are conducting a thorough investigation into the cause of the accident. This incident has raised suspicions from the public, with some netizens believing that there may be hidden truths behind the event.

The timing of this case coincidentally triggered a high level of attention in the crypto world, and the contributions of analyst Chen have been highly respected in the industry. A netizen claiming to be a friend of analyst Chen left a message on PTT, praising her as a top expert in domestic currency flow, and providing unpaid assistance to the police in solving multiple major cases, including the creative private room case involving Huang Zijiao. The netizen questioned whether the cause of death of the 'highway chase in the middle of the night' was simple.

(A police officer from the Criminal Bureau and his girlfriend, a cryptocurrency analyst, were involved in a case of leaking information related to virtual currency investigation. After being released on bail, they encountered an unfortunate incident)

This article The Godfather of Money Laundering Tu Chengwen's case: currency exchange suspected of assisting Money Laundering, core team re-arrested first appeared on Chain News ABMedia.