PANews reported on May 12 that according to China News Network, the Xianning City, Hubei Province Xianning police successfully cracked a case of unauthorized use of illegal channels for international networking. The criminal gang headed by Tang Moumou set up multiple network devices in a private room and used illegal channels to access the international Internet without authorization. With the help of overseas software, they engaged in illegal transactions of virtual currency and foreign exchange. The funds involved in the case amounted to more than 120,000 yuan. At present, 7 offenders have been given administrative penalties in accordance with the law, and the case is being further investigated and expanded.
Seven men in Xian'an, Hubei Province were investigated for illegally setting up a network channel to engage in illegal transactions of virtual currency
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