According to the Legal Daily, recently, the Beijing police found that the suspects had transferred a large amount of embezzlement funds to a foreign Chinese domestic account in a short period of time during the investigation of a dance-related embezzlement case. In response to this clue, the Beijing Municipal Public Security Bureau's Economic Investigation Corps and Dongcheng Branch worked together to destroy an underground banking gang that carried out money laundering crimes through virtual currency transactions. At present, four main suspects involved in the case have been arrested by the procuratorial organs on suspicion of illegal business operations. After investigation, the main member of the gang, Lu, obtained foreign nationality many years ago. During his life abroad, he found that domestic RMB could be transferred overseas and exchanged for foreign currency through virtual currency transactions. Later, Lu, together with Chen and others, used the virtual currency trading platform to assist domestic personnel with the intention of transferring funds to buy virtual currencies, so as to transfer funds to overseas, involving an amount of about 800 million yuan. At the same time, the police found that the gang had provided a funding channel for a number of telecommunications fraud cases, Duty- related embezzlement cases, etc., and transferred the stolen money involved.