China convicts crypto money launderers who embezzled US$20 million

China convicts crypto money launderers who embezzled US$20 million

The case adds to the amount of confiscated crypto assets accumulated by China, which prohibits the trading of such virtual assets.

Price for Crypto Crime in China: A 14-Year Prison Sentence

A Chinese tech executive was sentenced to 14+ years for laundering $19.5M through crypto and offshore exchanges. Prosecutors traced the entire laundering process, exposing the use of coin mixing and crypto reconversion into yuan. Feng was ordered to surrender 90 hidden bitcoins, worth over $11 million at current prices. Chinese authorities have ramped up efforts to prosecute cryptocurrency-related crimes, sentencing a former tech executive to ov…

Crypto Money Laundering Via Microtransactions: Tracking Hidden Trails - FinanceFeeds

Crypto money laundering through microtransactions has evolved into one of the most elusive tactics used by cybercriminals in 2025. By slicing large volumes of