🤡 Shi Yongxin knows blockchain better than you
According to reports: Shi Yongxin used the anonymity feature of crypto to first funnel ticket sales, incense offerings, and commercial income into a pre-set account, and then quickly exchanged the funds for BTC through mixers and underground exchanges controlled by money launderers to evade foreign exchange controls. Once, government subsidies of tens of millions were claimed to be used for a Buddhist propagation base, and within three days, all were bought into BTC, ultimately flowing back into the country under the guise of mining procurement costs.