According to Procuratorate Daily, police in Xiangyang, Hubei, previously seized an Audi sedan at a highway service area. Inside the vehicle, five packages of books contained RMB 9 million in cash. The investigation found that the relevant personnel were instructed by a handler to collect RMB cash within the country and use virtual currency as a cross-border intermediary; then, paying foreign currencies such as HKD abroad to evade foreign exchange regulation by using the “offsetting” method. From August 2023 to June 2025, the group’s illegal exchange of funds totaled more than RMB 5 million. In February this year, the court sentenced the principal offender to one year in prison for the crime of illegal business operation; the other three were sentenced to eight to ten months each, and were each fined. The judgment has now taken effect.