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BTCC / BTCC Square / Global Cryptocurrency /
Hong Kong Authorities Disrupt $15M Crypto Laundering Network

Hong Kong Authorities Disrupt $15M Crypto Laundering Network

Author:
Global Cryptocurrency
Published:
2025-05-18 15:52:02
14
2

Hong Kong law enforcement has dismantled a cross-border cryptocurrency laundering operation processing HK$118 million (US$15 million) in illicit funds. The Commercial Crime Bureau’s coordinated raids resulted in twelve arrests, targeting individuals who monetized personal banking credentials.

Authorities seized HK$1.05 million in cash, 560+ bank cards, and multiple electronic devices during the operation. The crackdown reflects Hong Kong’s intensified campaign against financial crimes exploiting digital assets.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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