In China, three men were sentenced to prison for laundering over $2.5 billion through cryptocurrency transactions. A court in Guangdong province issued the verdict on July 28, 2025, accusing them of using $BTC and other assets to legitimize income from illegal activities, including gambling and fraud. The main defendant received 11 years in prison, while his accomplices received between 5 to 8 years, with assets worth $500 million confiscated.
The case began after local authorities discovered a network that transferred funds through offshore accounts and cryptocurrency exchanges, concealing their origin. China continues to tighten cryptocurrency regulations despite the global rise in their popularity — the market volume exceeded $3 trillion this year. This is already the third major money laundering case in 2025. Authorities emphasized that such actions are aimed at combating financial crimes and stabilizing the economy.
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