Recently, the Yueyang police successfully struck a criminal gang that used USDT for cross-border Money Laundering, with an involved amount reaching 170 million yuan. This gang converted the illegal proceeds from telecom fraud and online gambling into USDT through a meticulously designed four-tier black and gray industrial chain and transferred it abroad.

The police arrested 15 suspects in this operation, revealing that USDT, due to its stable value, rapid cross-border transfers, and high anonymity, is becoming the preferred tool for money laundering activities. Criminals utilize these characteristics to effectively sever the connection between illicit funds and criminal activities.

Investigations show that the gang recruits bank cardholders through overseas instant messaging software, acquiring USDT at a price 0.8 yuan above the market rate. Subsequently, they convert illegal funds into USDT and transfer them abroad through a series of complex operations, including using multiple identity accounts, splitting transactions, cashing out late at night, and depositing through underground banks. It is estimated that the gang made illegal profits of over one million yuan within six months.

Despite the ongoing "Card Cutting Operation", these criminals have still found ways to evade detection, such as multi-level transaction splitting and choosing to operate late at night. The police seized 52 bank cards and several notes containing U Shield passwords during this operation, and this evidence further exposed the methods used by the criminal gang.

This case serves as a warning to the public: Selling or lending bank cards may inadvertently become a tool for crime. Participating in so-called "high-priced U purchase" or "agent transfer of virtual currency" activities is highly likely to involve Money Laundering crimes and face serious legal consequences. Public security authorities urge the general public to remain vigilant, stay away from such high-risk activities, and work together to maintain financial order and social stability.