[An employee of a short video platform defrauded the company of 140 million yuan in bonuses and used virtual currency for money laundering] On July 27, according to the People's Daily, the Haidian District People's Procuratorate of Beijing issued (White Paper on Anti-Commercial Corruption Procuratorial Work (2020-2024)), disclosing a commercial corruption case involving 140 million yuan. In the case, Feng, an employee of a short video platform company, colluded with external suppliers, defrauding the company of 140 million yuan in bonuses through false application materials. To cover up the source of funds, Feng instructed accomplices to use 8 overseas virtual currency trading platforms to convert the embezzled money into virtual currencies such as Bitcoin in batches, and used "coin mixing" technology to confuse the transaction path to achieve money laundering. Through electronic data review, the procuratorate constructed a "three-stream integration" evidence system and successfully recovered more than 90 Bitcoins. Finally, Feng and other 7 people were sentenced to fixed-term imprisonment ranging from three to fourteen years and six months for the crime of embezzlement.

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