Shandong Female Police Officer Exposes Underground Cryptocurrency Money Laundering Scheme in China: Targets 12 Key Criminal Suspects, 100+ Fund Accounts, 6 Cryptocurrency Wallet Addresses

**Jinan Daily: Dezhou Police Crack First Virtual Currency-Tied Underground Money Laundering Case in 2023** On March 15, Jinan Daily reported that during the 2023 investigation of a telecom fraud case in Dezhou, Shandong Province, female economic investigation officer Li Weiwei optimized her approach by tracking fund flows and analyzing account transfer patterns. She uncovered a new criminal scheme blending *traditional underground money laundering and virtual currency*—a model far more covert and difficult to trace than conventional methods. After days of nonstop work, Li identified 12 key suspects, over 100 funding accounts, and six virtual currency wallet addresses. Collaborating with the task force, she mapped a clear gang structure and fund flow chart. Authorities froze related assets in line with the law, resolving Dezhou’s first underground money laundering case involving virtual currency successfully.