Chinese Official Sentenced To Life In Prison For Supporting Bitcoin Mining Operation And Accepting Bribes biztechafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztechafrica.com Daily Mail and Mail on Sunday newspapers.
A story out of Cointelegraph indicates that a Chinese official named Xiao Yi has been sentenced to life in prison for mining bitcoin. His operation is thought to be worth US$ 329 million. Yi had apparently assisted Jiumu Group Genesis Technology in Fuzhou, and allegedly worked to hide the operation. China prohibits crypto trading. Exchanges…
A former Chinese government official, Xiao Yi, has been sentenced to life in prison for helping subsidize a secret, large-scale Bitcoin mining operation…
Xiao Yi, a former Chinese party official has been sentenced to life in prison for bribery and abuse of power. A portion of his charges are linked to his…
A local court issued the sentence for the former provincial official accused of accepting bribes and hiding crypto mining that used a tenth of Fuzhou electricity.