Hunan's Yueyang police have dismantled a money laundering network that used cryptocurrency transactions as a front for illegal activities, including online gambling and fraud. On July 18, over 70 officers conducted a coordinated operation across the city, targeting the syndicate responsible for laundering nearly 170 million yuan. The group recruited individuals through the messaging app "Telegram" to establish a four-tier laundering system, converting illicit funds into USDT for overseas transfer, earning over one million yuan illegally. Authorities have arrested 15 suspects, all of whom are now under criminal detention. The investigation is ongoing as police continue to uncover more details about the operation.