The details of a cryptocurrency money laundering operation in Hong Kong are intriguing. The police uncovered a network that operated through shell accounts and crypto exchange shops. Two people collected the proceeds from 34 different fraud cases across 43 bank accounts, then converted the money into cryptocurrency, with as much as 230 million Hong Kong dollars involved in the laundering. Financial monitoring systems revealed how the criminal group carried out crypto transactions through local banks. The court rulings are also harsh—one received 28 months in prison, and the other 43 months. In Hong Kong’s crypto world, operations like this are becoming more and more common. I’m wondering how many more similar cases there are.