Hong Kong's "Mou Gong" anti-fraud law enforcement operation arrests 682 people, including the capture of a virtual currency money laundering gang with 44 million HKD.

DeepFlowTech · 2026-02-04T01:42:47+00:00

Hong Kong police recently launched an operation codenamed "Mou Gong," arresting 682 people involved in 580 cases of fraud and technology crimes, with a total amount of HKD 620 million. Among them, a gang involved in money laundering using virtual currencies was dismantled, laundering approximately HKD 44 million. The gang employed sophisticated fund transfer techniques.

DeepFlowTech

2026-02-04 01:42:47

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Deep Tide TechFlow News, on February 4th, according to Hong Kong 01, Hong Kong police recently launched a city-wide law enforcement operation codenamed “Mou Gong,” resulting in the arrest of 682 individuals involved in 580 cases of scams and technology crimes, with the total amount involved reaching HKD 620 million.

Among these, during the law enforcement operation codenamed “Zhan Wang” by the Hong Kong Police Cybersecurity and Technology Crime Bureau, police successfully dismantled a criminal group using virtual currencies for money laundering. The group was hired by an online scam syndicate and used complex fund transfer methods to launder approximately HKD 44 million in scam proceeds. The criminal group transferred funds through over 200 bank puppet accounts and opened fake identity accounts on overseas virtual currency platforms, converting illegal funds into virtual currencies and cashing out through over-the-counter exchanges. A total of 11 people were arrested in this operation, including 3 masterminds and 1 core member.

Police stated that this method of money laundering, combining physical, virtual currency transactions, and cash couriering, is highly sophisticated, greatly increasing the difficulty of tracking the funds.

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