Bitcoin News Today: Beijing Court Sentences 7 to 14.5-3 Years for 140M RMB Crypto Embezzlement Scheme Using Coin Mixing
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最新报道：A Beijing court sentenced seven individuals to prison terms ranging from 7 to 14.5 years for embezzling 140 million RMB ($19.4 million) in a crypto-related scheme. The group, led by a suspect surnamed Zhao, laundered stolen funds through crypto mixing services to obscure transactions. Prosecutors highlighted the use of overseas exchanges and peer-to-peer platforms to convert illicit gains into fiat. The case marks one of China's largest crypto-related financial crimes since the country banned cryptocurrency trading in 2021. Authorities emphasized the ruling as a warning against using digital assets for illegal activities.
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