🚨 In Hong Kong, police arrested 12 people suspected of laundering money through crypto. They allegedly moved over $230 million through crypto wallets and exchanges.
💻 The scheme involved fake companies and forged documents to hide the trail. During the raids, authorities found cash, tech devices, and phones believed to be used in the operation.
⚠️ This case is a reminder that the crypto space attracts not only investors but also scammers. Authorities are increasingly calling for stricter regulations to protect honest users and bring more transparency to the market.