Xiamen Procuratorate Reports: Company Employee Embezzles 1.53 Million Yuan to Speculate on BTC and Other Virtual Currencies, Loses Everything and Receives Sentence

According to a disclosure on the Xiamen Procuratorate's official WeChat account, a salesperson at a Fujian-based publishing company engaged in embezzlement starting in the spring of 2024 after incurring massive debts from virtual currency investments. The employee unauthorizedly replaced the company's official payment QR code with their personal WeChat payment QR code and bank card account, directing customers to transfer textbook subscription fees directly into their personal account.

The report indicates that from spring 2024 to spring 2025, the employee misappropriated over 1.53 million yuan in company funds. They invested all the embezzled money into trading Bitcoin and other virtual currencies, attempting to profit from speculation, but ultimately lost the entire amount. The Tong'an District People's Procuratorate has prosecuted the individual for the crime of duty encroachment. The court sentenced them to two years and three months in prison and imposed a fine.