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This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out.

A legal dispute in a tiny Texas town unexpectedly reveals how Chinese nationals can move money to the U.S. without drawing the attention of authorities in either country. ....

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This NYU Student Owns a $6 Million Crypto Mine. His Secret Is Out.

Jerry Yu has the trappings of what the Chinese call second-generation rich. He boasts a Connecticut prep-school education. He lives in a Manhattan condominium bought for $8 million from Jeffrey R. Immelt, a former General Electric CEO. And he is the majority owner of a bitcoin mine in Texas, acquired last year for more than $6 million. Yu, a 23-year-old student at New York University, has also become — quite unintentionally — a case study in how Chinese nationals can move money from China to the ....

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