Several high-profile figures in the cryptocurrency and financial sectors in China have been sentenced to prison for various illegal activities. Zhao Dong, the founder of RenrenBit and a small shareholder of Bitfinex, was sentenced to 7 years for illegal business operations and illegal foreign exchange trading. Gan Rongkun, a former member of the CPC Henan Provincial Committee, received a life imprisonment for accepting bribes worth over 166 million yuan. Additionally, Binance CEO Changpeng Zhao pleaded guilty to criminal charges for anti-money laundering and violations of US sanctions, leading to his resignation and a $4.3 billion fine. Sam Bankman-Fried, the founder of FTX, was found guilty on all seven counts of fraud and conspiracy. Ameen Soleimani launched a new crypto mixer to combat money laundering and regulatory issues. Furthermore, Sun Guofeng, a former senior official at the People’s Bank of China, has been sentenced to more than 16 years in prison for taking bribes and leaking state secrets.
Former China central bank official jailed for 16 years for graft - Caixin https://t.co/z6rda6nGXq https://t.co/AY8MXHb9Ec
"A former sr #PBoC official was sentenced to >16yrs in prison for taking bribes & leaking state secrets...Sun Guofeng, former head of the PBOC’s monetary policy dept, leaked policy info in exchange for $3 million in bribes bt 2002-20" https://t.co/nYeU4BDDoU
⚠️ FORMER CHINA CENTRAL BANK OFFICIAL JAILED FOR 16 YEARS FOR GRAFT - CAIXIN A former Chinese central bank official has been sentenced to 16 years and six months in prison for taking bribes, leaking state secrets and insider trading as the ruling Communist Party tightens its… https://t.co/iBDLwqN6Y7
Sun Guofeng, a former head of the PBOC’s monetary policy department, has been sentenced to 16 years and six months in prison for corruption, the country’s anti-graft agency said. https://t.co/AZL9hTRkbk
A former senior official at the People’s Bank of China has been sentenced to more than 16 years in prison for taking bribes and leaking state secrets, Caixin reports https://t.co/npHbwCIWnS
Gan Rongkun, a former member of the Standing Committee of the CPC Henan Provincial Committee and former secretary of the political and legal affairs commission of the provincial Party committee, was sentenced to life imprisonment for accepting bribes worth over 166 million yuan… https://t.co/xPbc5aY3PJ https://t.co/V9Ug6HsbMu
WIRED REWIND // Crypto in 2023: Money laundering and other illegal activities have given crypto a bad name. This year, Ameen Soleimani launched a new crypto mixer hoping to keep money launderers and regulators at bay. https://t.co/Uqaz0LVqp5
China's Supreme Procuratorate disclosed the details of the team of China's crypto OTC king Zhao Dong. Zhao Dong was sentenced to 7 years for illegal business operations and illegal foreign exchange trading. He is the founder of RenrenBit and a small shareholder of Bitfinex.…
WIRED REWIND // Crypto in 2023: While Sam Bankman-Fried was standing trial for fraud, New York's attorney general charged the Winklevoss twins, crypto lender Genesis, and Digital Currency Group with causing a combined $1.1 billion in losses. Yikes! https://t.co/nrsqdtXeCI
WIRED REWIND // Crypto in 2023: Binance also found itself in big trouble. CEO Changpeng Zhao plead guilty to criminal charges for anti-money laundering and violations of US sanctions, leading him to step down as CEO and be fined $4.3 billion. https://t.co/t07cw8ih2j https://t.co/8bigZwFmfv
WIRED REWIND // Crypto in 2023: The rise and fall of Sam Bankman-Fried was one like no other. The founder of crypto exchange FTX was found guilty on all seven counts of fraud and conspiracy. https://t.co/3MITmY6uoc https://t.co/BIwLKulejV