Hey guys, there's a big case in Beijing, and it's also related to Bitcoin!

Hao Gang, former deputy director of the Beijing Financial Regulatory Bureau, was sentenced to 11 years in prison and a fine of 1.3 million yuan for bribery and money laundering.

Speaking of which, this guy has been under investigation for a long time, having been under investigation since April 2023. Early last year, the Commission for Discipline Inspection and Supervision issued a direct notice alleging that he not only accepted gifts and meals, but also abused his position to help others borrow money and even paved the way for his wife's business, a classic case of knowingly breaking the law.

Most notably, according to Caixin.com, his case may be closely linked to the crypto world. In recent years, he colluded with a Bitcoin trading platform under investigation and was involved in Bitcoin money laundering. Even more shocking, he reportedly helped a senior executive of a leading mining company remove border control. Just from this operation, the bribes he received could be in the tens of millions.

However, the specific details have not yet been made public. $BTC