In Beijing, prosecutors have jailed eight people to run a one -year long bitcoin scam, which is more than 140 million yuan -randound more than $ 20 million -a small -video platform and then made the cash to Crypto.
For a white paper issued by the Hadian District’s People’s Priget, the case rank in matters of most complex anti -curriculos, which is handled on the betware 2020 and 2024. The company turned into a one -year long plan, which hides the stolen amount behind shell firms and digital currencies.
Insider Power opened flaws
Based on the reports, an employee named Feng helped on boarding on boarding, bonus qualification and payment approval.
He kept the bonus policies quietly to create intervals that only he and two external assistants, Tang and Yang, could exploit. Fake documents flowed with private data which were leaked.
The three then paid the bonus, in which the make -up accounts were paid, insulab to reward real work. By the time the auditors saw the missing cash, about 140 million yuan had already disappeared.
Fake firms and laundering series
The gang used shell companies, with no real operations. Yang instructed Associate Wang and others to install about 10 of these paper businesses.
They used to collect all bogus bonus payments. From there, the funds bounced several bank accounts in the accident, which they landed in the hands of Yang. Feng then ordered the next stage: converting it into bitcoin.
They divide the loot on eight separate international platforms and mix coins, mixing transactions to hide the generation of transaction transaction transaction transaction transaction transaction transaction transaction transaction transaction transaction transaction transactions to hide the generation of money.
Officers discovered bitcoin flow
Handian’s Science and Technology Crime Division prosecutor Lee Tao made a detailed map of the scam. By the company’s data log, bank records and blockchain transfer, his team overtook each layer of hide.
Even he examined the 90 bitcoin period – investigations – sufficient to prove how the “closed” loop “laundering series worked. Each rickshaw coin is bound by the theft awards, which confirms every turn of money.
Keeping in mind the role of each person, punish the talk. Feng got the longest conditions – 14 years and six months behind bars – while the other servants were handed over to jail for 14 years, as well as heavy wings.
All were found guilty of embezzlement. This case serves as a warning: when a person holds too much power, even regular bonus systems can be made for large fraud -and modern crypto equipment cannot guarantee oblivion forever.
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