China
Odaily
First Cryptocurrency Theft Case Solved: Shandong Bincheng Police Track On-Chain Funds to Catch Suspect
- Bincheng District police in Binzhou, Shandong Province, resolved a cryptocurrency theft case by analyzing on-chain transaction flows.
- Investigators used blockchain fund-tracing (transaction penetration analysis) to follow the stolen virtual currency's movement across wallets.
- The method allowed authorities to identify and arrest the suspect, with the case cited as a notable success in using on-chain analytics for crypto crime investigation.