A former executive of a Beijing-based technology company was sentenced to 14 and a half years in prison for embezzling 140 million RMB and laundering money through #加密货币 #洗钱 .

The executive, whose surname is Feng, fabricated bonus distributions and transferred the funds to eight overseas exchanges, laundering money using assets such as BTC.

Authorities have recovered over 90 #BTC , approximately 11 million USD 💰

This case has been included in the government report, revealing the rising trend of crypto fraud in China's tech sector 📉