Beijing Police Uncovers Illegal Sale of Citizen Information Involving $282M Worth of Crypto
The Beijing police, in collaboration with the Beijing Branch of the State Administration of Foreign Exchange, has uncovered a series of cases involving the illegal sale of citizen information using crypto.
The investigation spanned 15 provinces and cities, including Beijing, Shanghai, and Zhejiang, and discovered crypto transactions exceeding 2 billion yuan ($282 million), according to a report from Chinese media outlet CCTV .
The report said that the case stands out due to its concealed and diverse criminal methods, constituting a complex “serial case” that encompasses activities ranging from dark web transactions to illegal foreign exchange dealings.
The Beijing police revealed that bad actors were employing the dark web and virtual currencies to engage in the illicit sale of various private information belonging to Chinese citizens.
Liang Fei, a case handler from the Economic Investigation Corps of the Beijing Municipal Public Security Bureau, told CCTV that certain individuals had formed multiple groups using overseas chat software, openly selling citizens’ personal information within these groups.
This information included ID numbers, mobile phone numbers, home addresses, and more.
These information-selling groups boasted hundreds of members, with hundreds of millions of citizens’ personal data being traded within them.
The Beijing police in China recently uncovered a series of cases involving the illegal sale of citizen information using cryptocurrency, involving more than 282 million US dollars, and more than ten virtual wallets were used for illegal transactions.https://t.co/ycbnObyP8o
— Wu Blockchain (@WuBlockchain) April 6, 2024
Transactions were strictly limited to virtual currencies, and the
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