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China's Ningbo Busts "Express Delivery Maotai" Fraud Case, Illicit Funds Transferred in Cryptocurrency Form

By: theblockbeats.news|2025/08/19 08:12:08

BlockBeats News, August 19th. According to Legal Daily, a virtual currency remote ordering "Flash Delivery Moutai" fraud case was uncovered in Ningbo City, Zhejiang Province, China. The defendant targeted a tobacco and liquor store for fraud, used fake receipts to deceive and steal real Moutai, and transferred the proceeds through virtual currency to the upstream accomplice.

Upon the prosecution by the Yinzhou District People's Procuratorate of Ningbo City, the defendant Zhou was sentenced to one year and six months in prison for the crime of concealing and concealing the proceeds of crime, and was fined. Currently, the public security organs are further investigating the upstream fraudsters.

pump.fun's market share in the last 24 hours has increased to 87.3%, further widening the gap with Letsbonk and Bags in terms of share.

James Wynn is back, going long on Ethereum with 25x leverage, with an average entry price of $4,239.5