Hong Kong Police Bust Crypto Money Laundering Group Branch, Involving Over HK$600 Million
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September 17, 2024
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ChainCatcher reports: Hong Kong police have busted a money laundering group linked to cryptocurrency.
According to a police briefing, the Hong Kong Police Force recently launched an operation codenamed "Double Gun" and raided a commercial building in Tsuen Wan, uncovering the Hong Kong branch of a cryptocurrency-related money laundering group. Three men and one woman were arrested.
The criminal group actively promoted their services through social media platforms, text messages, and mobile applications, offering enticing incentives such as "new member registration bonuses" or "deposit fiat currency, withdraw cryptocurrency." Investigations revealed that the group has collected over HK$600 million in funds since its operation.
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