According to a report from Caixin, on February 6, 2025, the Beijing Second Intermediate Court publicly sentenced Hao Gang, the former deputy director of the Beijing Municipal Bureau of Local Financial Supervision, for bribery and money laundering. Hao Gang was sentenced to 11 years in prison for bribery and money laundering, and fined 1.3 million yuan.

The article from Caixin mentioned that a knowledgeable person who worked with Hao Gang at the time indicated that his involvement in the case might be related to collusion with Bitcoin trading companies that were rectified by the state in previous years. According to Caixin's understanding, Hao Gang was also involved in Bitcoin money laundering and assisted executives of a leading Bitcoin mining company in lifting travel restrictions, with the amount of bribery potentially reaching tens of millions.

In the cryptocurrency world, bribery may seem far from the common people, but money laundering could happen to us at any moment. Sometimes, improper withdrawals can unknowingly involve us in money laundering and fraud cases. At best, accounts can be frozen and refunds processed; at worst, one could end up in prison!

Knowing a person’s face doesn’t mean knowing their heart; one must be cautious when withdrawing funds in the cryptocurrency world. How can one ensure safety?

1. When withdrawing from exchanges, choose well-known and trusted U merchants, even if the price is slightly lower; after all, safety comes first.

2. Obtain a U card online.

Many U cards now support domestic consumption through WX and ZFB, allowing us to spend U in our wallets through consumption. There are many types of online U cards, and many exchanges and wallets offer such products; interested individuals can learn more on their own.

3. Use the BiyaPay wallet, a very useful wallet app.

BiyaPay is the world's first multi-asset trading wallet, allowing users to easily exchange mainstream fiat currencies for digital currencies such as BTC, ETH, and DOGE in real-time. It provides a secure and convenient B2C withdrawal solution, effectively addressing issues of account freezes and funds in OTC or C2C transactions. Users can deposit USDT into the remittance platform, easily convert it to USD, and withdraw. Interested individuals can download and learn more from application stores like Google.