Supreme People's Procuratorate Director of the Economic Crime Investigation Department: Currently, in telecom network fraud crimes, virtual currency "money laundering" has become a mainstream method.

BlockBeats News, February 13th. According to Securities Times, Du Xueyi, Director of the Economic Crime Procuratorial Department of the Supreme People's Procuratorate of China, stated on February 13th during an interview with the Chief Procurator that the current situation of frequent and serious telecom fraud crimes remains severe and complex:

First, fraud groups are becoming more transnational and monopolistic. Criminals establish "industrial parks" and "technology parks" overseas, exerting management control through providing protection and armed sanctuary, taking cuts or fees to obtain illicit funds, forming large-scale criminal organizations.

Second, fraud methods are becoming more diverse and sophisticated, such as the combination of "pig slaughtering plate + false investment," "fraud combined with gambling," and "blackmail combined with fraud," which are more deceptive, leading to the emergence of serious violent crimes like intentional injury.

Third, the black-market crime modules are increasingly stable. Crime tools and software are simple and user-friendly, causing a wider range of people to be drawn into criminal activities.

Fourth, the fund channels are intertwined and covert, with virtual currency "money laundering" becoming a mainstream method, helping criminals transfer fraud-related funds in "small amounts and multiple transactions" with high difficulty in tracing back. (Jinshi)