A Beijing court sentenced Feng, a former tech executive, to 14½ years for orchestrating a ¥140M (~US $19–20 million) embezzlement and #Bitcoin# laundering scheme.



Using shell firms and falsified bonus payouts at a short video platform, he converted proceeds into over 90 #BTC# via eight offshore exchanges and coin‑mixing services to obscure trails.

Authorities also jailed seven accomplices, with sentences ranging from 3 to 14 years. Full restitution remains pending.

#CryptoNews
BTC1.21%
SHELL-4.01%
VIA0.1%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
GarikBYvip
· 08-07 08:53
China is a joyful country
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)