Police in Nanchong, Sichuan, have dismantled a money laundering ring that used cryptocurrency to facilitate illegal transactions. The operation led to the arrest of five suspects, including individuals identified as Wang and Li. The group allegedly lured participants with promises of high salaries, using bank transfers and cryptocurrency settlements to move funds for overseas fraud and gambling operations. This created a complete chain of 'fund input—cardholder collection—crypto settlement.' After a month-long investigation, the Shunqing Public Security Bureau and the Luxi Police Station successfully executed the arrests. All five suspects are currently in criminal detention as the investigation continues.