According to Wu Shuo, the Shanghai Pudong Court has disclosed a case of illegal virtual money exchange amounting to as much as 6.5 billion. Yang and Xu, among others, manipulated 17 shell company accounts to transfer funds abroad using USD as a medium, providing illegal currency exchange services. The gang had clear divisions of labor, with an average daily fund flow exceeding 10 million. The case shows that at the end of 2023, a citizen remitted money for his daughter to bypass the forex limit, using his channel to complete the currency exchange, while the criminal gang charged a service fee for profit.