Several employees of Kuaishou, China's second largest short video platform, embezzled nearly $20m in company funds, sold them into Bitcoin through eight CEXs, mixed the coin, and transferred them back to Chinese RMB bank accounts. They were eventually ordered to return more than 90 Bitcoins and were sentenced to 3 to 14 years in prison. China's top official newspaper, People's Daily, recently made a rare report on the news.