BlockBeats news, August 26, at the end of July this year, according to (People's Daily), Feng Dian, the former general manager of the e-commerce service provider operation center at Kuaishou, illegally embezzled 140 million yuan in bonuses that were supposed to be given to service providers and operators during his tenure, and laundered the stolen money by converting it into Bitcoin and other virtual currencies through overseas virtual currency trading platforms. The court ruling shows that Feng Dian and six others were sentenced to prison terms ranging from three to fourteen and a half years for embezzlement and were fined accordingly, and they surrendered over 90 stolen Bitcoins that were hidden. The amount involved in this case set a record for corruption in major internet companies.

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