![China Arrests Six in $300M Cryptocurrency Fraud Crackdown](/content/images/size/w600/2024/05/2882f0c0-9343-44cb-a8bd-4ac63afe5d83.png)
Finance
China Arrests Six in $300M Cryptocurrency Fraud Crackdown
In a significant crackdown on cryptocurrency fraud, Chinese law enforcement in Panshi City, Jilin Province, have arrested six individuals accused of operating an illegal money exchange. The operation involved nearly 2.14 billion yuan ($300 million) in transactions between the Chinese Renminbi (RMB) and the South Korean Won. The suspects,