Woofun AI reports that the Supreme People’s Procuratorate announced the death sentence for Li Mibao, the principal offender in a major cross-border case involving drug trafficking and virtual currency money laundering. Supervised by the Supreme Procuratorate, Chongqing authorities convicted Li of laundering over 48 million yuan through cryptocurrencies.

Procuratorial organs nationwide prosecuted more than 1,200 individuals for drug-related laundering offenses between January 2025 and May 2026. Authorities emphasized deep investigations into both self-laundering and third-party laundering crimes to ensure comprehensive asset recovery and case coverage.