CoinVoice has learned that, according to the latest information from Jingmen Intermediate Court, the police in Luotian, Huanggang, Hubei, recently dismantled a telecommunications network scam gang that used offline cash withdrawals and virtual currency money laundering. Six suspects have been arrested. The gang collected scam funds through the "Cash Pickup Fleet," then had "U-Coin Acceptors" exchange the funds into USDT and transfer them to overseas scammers, forming a complete money laundering chain.

Investigations show that the gang conducted 28 cash withdrawal transactions related to telecom fraud in the Wuhan surrounding area, involving a total amount of over 1 million yuan. Currently, the core member Liu has been criminally detained for suspected illegal use of information networks, while other members have been detained for suspected concealment and disguising of criminal proceeds.