Foresight News reports that according to CCTV, Yao Qian, former Director of the Science and Technology Supervision Department and former Director of the Information Center of the China Securities Regulatory Commission, was approached in 2018 by a businessman named Zhang who was conducting ICOs. Yao Qian was asked to make an introduction to a certain trading platform. The ICO raised 20,000 ETH, and the businessman transferred 2,000 ETH to Yao Qian as a reward. The investigation team found a hardware wallet in a drawer of Yao Qian’s office. Several bank accounts opened by others were actually Yao Qian’s aliases, with a sum of 10 million yuan transferred through approximately four layers of penetration, originating from a virtual currency trader’s account, and ultimately used to purchase a villa in Beijing.
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