China executes 11 top managers of fraudulent traffic arbitration center "Crouching Tiger"
Six days ago, China carried out the death sentence by shooting 11 C-Level managers of the arbitration center "Crouching Tiger" (卧虎山庄), which was involved in fraudulent traffic schemes. The sentence was delivered by the Wanzhou city court in the eastern province of Chongqing after being approved by the Supreme People's Court of China.
These managers were captured by Chinese special services in Myanmar in 2023 during the tragic events known as the 1020 incident, when one suspect committed suicide during detention by shooting himself.
The suspects were extradited to China, where substantial evidence was gathered regarding their participation in large-scale fraudulent arbitration traffic schemes.
This is the first, but not the last, execution of key organizers of transnational crypto-fraud schemes, demonstrating China's determination to combat this type of crime. The crimes involved managing and coordinating fraudulent traffic operations conducted in northern Myanmar.
The "Crouching Tiger" arbitration center functioned as a coordination platform managing traffic with fraudulent methods, involving high-level managers, which allowed for the scaling of criminal activity and conducting complex multichannel cryptocurrency operations.
This case highlights international cooperation in fighting cybercrime and cryptocurrency fraud. It is expected that such actions by China will increase pressure on similar criminal networks and encourage countries to strengthen comprehensive measures against financial fraud across the region.
