BlockBeats News, January 14th, according to CCTV, Yao Qian, former Director of the Science and Technology Regulatory Bureau of the China Securities Regulatory Commission and former Director of the Information Center, was asked by an entrepreneur named Zhang in 2018 to greet a certain trading platform on behalf of an ongoing ICO. The ICO raised 20,000 ETH, and the entrepreneur transferred 2,000 ETH to Yao Qian as a thank-you gift.
The task force found a hardware wallet in Yao Qian’s office drawer. Several bank accounts opened by other individuals were found to be Yao Qian’s undisclosed accounts, holding a fund of 10 million RMB. The fund went through approximately four layers of penetration and originated from a cryptocurrency trader’s account, ultimately used to purchase a villa in Beijing.
