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Former Kuaishou Executive Involved in Corruption of 140 Million RMB, Laundered Money Through Bitcoin, Surrendered Over 90 Bitcoins
Summary: According to media reports, at the end of July this year, former Kuaishou e-commerce service provider operation center general manager Feng Dian embezzled 140 million RMB in rewards that should have been given to service providers and operators, and laundered the money by exchanging it for bitcoins and other virtual currencies through overseas virtual currency ...
According to media reports, at the end of July this year, former Kuaishou e-commerce service provider operation center general manager Feng Dian embezzled 140 million RMB in rewards that should have been given to service providers and operators, and laundered the money by exchanging it for bitcoins and other virtual currencies through overseas virtual currency trading platforms. Court verdicts showed that Feng Dian and 7 others were sentenced to three to fourteen years and six months in prison for embezzlement, along with corresponding fines, and surrendered over 90 hidden bitcoins. The amount involved in this case set a record for corruption in major internet companies.
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Link: Former Kuaishou Executive Involved in Corruption of 140 Million RMB, Laundered Money Through Bitcoin, Surrendered Over 90 Bitcoins [Copy]
