Shanghai police revealed the inside story of Kam's drug involvement: virtual currency payment was exchanged via Telegram

Shanghai police revealed the inside story of Kam's drug involvement: virtual currency payment was exchanged via Telegram

Wu said blockchain learned that Shanghai media recently disclosed the inside story of Kam's involvement in drugs: they communicated internally through a chat software with a "burn after reading" function (suspected to be telegram), and there was a special code for contact. "The upstream party would ask 'Have you gained weight?' The downstream party would answer 'I gained 5 kilograms.' Only when the code matches can the transaction continue." The gang's drug money transaction method is also extremely covert. This gang does not accept cash transfers. The downstream party must provide drug money to the upstream party by purchasing virtual currency. "The upstream party calculates the drug money into virtual currency value based on the real-time value of the virtual currency. The downstream party must purchase the corresponding amount of virtual currency on the trading website, and then transfer the virtual currency number, password and other information to the upstream party to complete the drug money transaction." In the Supreme People's Procuratorate's answer to reporters on the 26th, the Supreme People's Procuratorate pointed out that the number of online drug-related crime cases handled by the procuratorate has increased rapidly, and the use of third-party tools and virtual currency to pay for drug money has increased the difficulty of investigation and evidence collection.

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