Techub News: Recently, the Luotian Police in Huanggang, Hubei, dismantled a criminal chain that provided money laundering services for an overseas telecom fraud gang, arresting 6 suspects. The gang collected fraud-related funds offline through the "Cash Pickup Fleet," then had the "U Coin Exchange Merchant" convert the funds into USDT and transfer them to overseas personnel. The police stated that they conducted 28 cash withdrawals around Wuhan, involving a total amount of over 1 million yuan. Currently, core member Liu is under criminal detention for suspected illegal use of information networks, while other members have been detained for suspected concealment and disguising of criminal proceeds. The case is still under investigation.

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