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Use USDT/USDC to mint GUSD for treasury-level yields
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Deep Tide TechFlow News, February 10th, according to China Security Online, Hefei Xinzhan Public Security recently successfully cracked a case involving the use of virtual currency to "launder money" for a telecom fraud gang, and arrested suspect Liu. According to investigations, Liu has been contacting telecom fraudsters via overseas chat software since 2020, frequently engaging in virtual currency trading on multiple illegal trading platforms to transfer stolen funds for the scam gang. In June 2025, Liu received and transferred 260,000 yuan of stolen funds from a victim.