China Busts $20 Million Bitcoin Laundering Ring Tied to TikTok-Style App

Chinese authorities dismantled a Bitcoin BTC BTC - $111159.761 laundering operation involving employees of Kuaishou, the country's second-largest TikTok-style video-sharing platform.

Source: beincrypto.com

Related symbols: BTCUSD

2025-07-27 21:38:01 GMT.

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Price & Market Data

Price: $111159.761

Volume 24h: $23,517,236,835.99

Market Cap: $2,214,027,661,012.45

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,917,528. The last known price of Bitcoin is 110,944.7666778 USD and is up 0.62 over the last 24 hours. It is currently trading on 12334 active market(s) with $24,435,446,536.49 traded over the last 24 hours. More information can be found at https://bitcoin.org/.