Chinese exec jailed for laundering 19.5 million USD through crypto mixers, exchanges

The Beijing court sentence followed the executive’s collusion with external vendors to submit false claims, moving funds through offshore exchanges and utilizing coin mixing techniques to obscure the source.

Prosecutors emphasized the complexities introduced by coin mixing, revealing how blockchain analytics successfully traced misappropriated funds back to source despite attempts to anonymize transactions.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts