According to WuShuo, citing Caixin reports, in recent years, leveraging the decentralization, anonymity, and convenient cross-border mobility of virtual currencies, there has been a surge in money laundering, illegal fundraising, fraud, and illicit cross-border fund transfers, all of which disrupt economic and financial order and threaten public property security. Data shows that in 2024, relevant authorities prosecuted a total of 3,032 individuals in money laundering cases involving the use of "virtual currency" to transfer criminal proceeds. Many defendants became involved due to a lack of legal awareness. After analyzing 283 verdicts related to virtual currency money laundering, scholars found that criminal groups commonly use marginalized young people as tools to commit crimes, and these cases exhibit significant geographic clustering, with most defendants having only a junior high or high school education.