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DeepNewz, mobile.
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Chinese authorities recently arrested six individuals involved in operating an illicit cryptocurrency exchange network. This underground banking system facilitated illegal foreign currency transactions amounting to approximately $300 million, primarily aiding South Korean companies in converting their funds between China and South Korea, resulting in significant investor losses.
Chinese police uncovered an "underground bank" that handled some $296 million in illegal crypto-based forex transactions for South Korean firms. https://t.co/j0VTrZsv7y
Chinese police uncovered an "underground bank" that handled some $296 million in illegal crypto-based forex transactions for South Korean firms, @sheldonreback reports. https://t.co/rSsD3vXG14
Chinese authorities arrest six individuals suspected of conducting illegal cryptocurrency transactions that resulted in $300 million in investor losses https://t.co/LfoYWqHtdn
