A recent investigation in Sichuan has unveiled a massive illegal foreign exchange operation involving suspicious transactions exceeding 3.9 billion yuan. Authorities began their probe after identifying cross-border transactions conducted through social media platforms, leading to the arrest of 21 suspects by December 2024. This case sheds light on the vulnerabilities of financial systems, particularly in the realm of cryptocurrency exchanges and overseas institutions. The investigation revealed a complex network of collaborators operating under the radar, impacting cross-border remittance services in China. To address these concerns, companies utilizing business verification services are crucial for fostering transparency and trust within the market.