According to Bloomberg, the U.S. Department of Homeland Security (DHS) has disclosed that organized crime groups in China are engaging in large-scale money laundering through U.S. gift cards, transferring funds back to China. Investigations show that criminals in the U.S. use stolen gift cards to purchase high-value electronic products, which are then shipped back to China for resale. After making profits, they convert the funds into Crypto Assets and transfer them through Chinese payment platforms. DHS pointed out that related fraud losses have exceeded $1 billion in the past two years, with the involved networks purchasing stolen card numbers in bulk through platforms such as, and committing crimes using methods like SMS scams and SIM farms.