Beijing Court Sentences Seven in $20 Million Kuaishou Crypto Laundering Case

China Busts $20M Bitcoin Laundering Ring Inside Tech Giant

A $20M Bitcoin scam run by Kuaishou staff rocked China. Authorities recovered 92 BTC and handed out prison time for all 8 involved.

Prosecutors jail eight people for embezzling $20 million from a video app and laundering it through Bitcoin in Beijing - TDPel Media

In today’s world of fast-moving digital money, it’s easy to believe crypto schemes are too complex to trace. But a jaw-dropping case out of Beijing proves otherwise—and shows just how easily internal company systems can be twisted into tools for massive fraud. Eight individuals have now been sentenced for orchestrating a year-long scam that siphoned off over 140 million yuan (roughly $20 million) from a short-video platform. The stolen cash was …

Bitcoin Backfire: How A $20-M Employee Heist Crashed Into Prison Time

In Beijing, prosecutors have jailed eight people for running a year‑long Bitcoin scam that drained over 140 million yuan—around $20 million—from a short‐video

Chinese Authorities Bust $20M Bitcoin Laundering Ring

Authorities in Beijing’s Haidian District have dismantled a sophisticated crypto laundering network involving former employees...

China’s Kuaishou employees accused in $20M Bitcoin laundering scheme

Authorities in Beijing’s Haidian District have reportedly uncovered a Bitcoin laundering operation involving approximately 140 million yuan (around $20 million) allegedly stolen by employees of Kuaishou, a leading Chinese short-form video platform. The investigation revealed that several Kuaishou employees conspired with external parties to embezzle company funds for business development incentives. Under the platform’s subsidy policies, these i…

Chinese crypto enforcement leads to $20 million Bitcoin laundering bust

Chinese authorities dismantle a sophisticated Bitcoin laundering scheme involving shell companies and offshore exchanges.