According to Odaily Planet Daily, Song Shijie, the owner of one of China's largest over-the-counter (OTC) margin trading platforms in Beijing, who owed the national treasury 22 million yuan in fines and confiscations, has paid nearly 200 million yuan in asset forfeiture settlements to the UK and the US. The UK's National Crime Agency seized his London mansion, apartment, and bank accounts, totaling 16.7 million pounds (approximately 161 million yuan), determining that the funds were sourced from illegal securities trading in China and money laundering in the UK.

Caixin reported that Song Shijie was also involved in a cryptocurrency scam, resulting in the freezing of three of his Binance accounts, containing approximately $10 million in crypto assets. According to a document filed in an Orlando, Florida, court in late March, he abandoned his claims to avoid criminal charges. (Caixin)