Bitcoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/chinese-official-gets-life-sentence-for-20m-bitcoin-bribes/">Chinese Official Gets Life Sentence for $20M Bitcoin Bribes!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p><p>Chinese local official Xiao Yi has been sentenced to life imprisonment and had his assets confiscated for accepting bribes worth $20 million in a Bitcoin mining case. According to reports, Yi accepted the bribes in exchange for granting licenses and other benefits to mining companies in the city of Ordos. The bribes were paid in Bitcoin, which Yi reportedly used to purchase properties and invest in other ventures. This marks yet another case of corruption among top officials in China, where the government has been cracking down on illicit activities in the cryptocurrency sector.</p>

Chinese Official Gets Life Sentence for $20M Bitcoin Bribes!

CoinPedia News

Other articles published on Aug 22, 2023

Wiziin Earmarks $500K Pre-Seed Funding for Blockchain Investment

Chainlink and Hedera firm, Pomerdoge rising in presale

Bitcoin Rangebound Below $29K: Traders Uncertain on FED

Ripple's Garlinghouse Bolsters Legal Team Amid SEC Battle

Coinbase Adds to Its Revenue Streams by Acquiring a Strategic Stake in USDC

Binance Labs Invests in Infrastructure Provider Delphinus Lab

Join our free newsletter for daily crypto updates!