On July 18, the Shaoyang County Public Security Bureau in Jingmen City, Hubei Province announced that the prime suspect, Qiu Moumou, in a cross-border online gambling case involving funds worth RMB 400 billion has been sent to trial after a two-year investigation. The case involved more than 50,000 people, and virtual currency was used for money laundering. The servers were set up overseas, making it extremely difficult to investigate.

The case was designated as a provincial and ministerial level case by the relevant departments. In October 2022, the Shaoyang County People's Court made a ruling to confiscate some of the frozen virtual currency in accordance with the law, making it the first virtual currency case in China where virtual currency was confiscated by a court judgment.

The special task force used a series of new network crime investigation techniques to finally identify the fund chain and related suspects, destroy 14 related gangs, arrest more than 130 suspects, and seize more than 300 computers and mobile phones involved in the case, as well as more than 200 mobile phone cards, bank cards, 18 money counting machines and POS machines.

The involved funds were disguised and circulated repeatedly through online game currency recharge, traditional bank card bulk circulation, fourth-party payment platform sedimentation, and virtual currency laundering, making it difficult to trace back to the source. All transactions by the gambling participants were settled using a single virtual currency. The special task force successfully identified multiple involved virtual currency accounts through investigation and connected with the virtual currency issuer to freeze the related accounts.