Details of the 140 million yuan reward corruption case on the short video platform were revealed, involving virtual currency money laundering and "mixed currency" to transfer stolen money

Odaily Planet Daily reported that Feng, a former employee of a short video platform company in Haidian District, Beijing, colluded with external suppliers and illegally obtained 140 million yuan in rewards by exploiting loopholes in the reward policy and leaking internal data. During the transfer of the funds involved, Feng instructed others to use 8 overseas virtual currency trading platforms to convert the funds into virtual assets such as Bitcoin, and conceal the flow of funds through "mixing coins". In the end, Feng and 7 others were sentenced to fixed-term imprisonment ranging from three years to fourteen years and six months and fined, and the relevant judgment has come into effect. The procuratorate reminded that companies should strengthen risk prevention and control in the context of the digital economy. (People's Daily)