According to Xinhua News Agency, the Supreme People’s Procuratorate held a press conference on June 25. Miao Shengming, Deputy Procurator General of the Supreme People’s Procuratorate, said that procuratorial authorities are digging deep and conducting a thorough crackdown on “self-laundering” and “third-party money laundering” crimes, and are advancing the recovery of drug-related assets to ensure full coverage in the investigation and handling of crimes involving drug-related money laundering. From January 2025 to May 2026, procuratorial authorities nationwide prosecuted more than 1,200 people for drug-related money laundering crimes. Among them, in the exceptionally large cross-border drug smuggling, trafficking, transportation, and money laundering case involving Li Bofeng and others, which was supervised by the Supreme People’s Procuratorate and handled by the procuratorial organs of Chongqing, Li Bofeng laundered more than 48 million yuan in illicit drug proceeds through virtual currency, and was ultimately sentenced to death according to law for committing multiple crimes and receiving combined punishment.