Beijing Official Sentenced for Bitcoin Money Laundering and Bribery
- Hao Gang, a former deputy director of the Beijing Financial Bureau, was involved in Bitcoin money laundering.
- He lifted border controls for a crypto mining executive in exchange for bribes worth tens of millions of yuan.
- An intermediate people’s court sentenced him to 11 years in prison and fined him 1.3 million yuan ($178,380).
- The court ordered the confiscation of crime proceeds to be handed over to the state treasury.
Hao Gang has been sentenced to 11 years in prison and fined 1.3 million yuan for his role in Bitcoin money laundering and accepting bribes. The proceeds from these crimes will be confiscated by the state treasury.
Source (2.6)https://dailyhodl.com/2025/02/09/beijing-official-sentenced-to-11-years-in-prison-for-involvement-in-bitcoin-money-laundering-operation-report/?rand=59076
