In 2024, Chinese authorities prosecuted 3,032 individuals for crimes involving the use of virtual currencies to launder money and transfer illicit funds, according to a report by Caixin. The decentralized and anonymous nature of cryptocurrencies has facilitated illegal activities such as money laundering, fraud, and unauthorized cross-border fund transfers, posing risks to economic and financial stability. Analysis of 283 court rulings related to crypto money laundering revealed that criminal groups often exploit marginalized young individuals as tools for these crimes, with most offenders having only a high school education. The cases show a significant geographical concentration, highlighting the systemic nature of these activities.