The post Former Executive’s Alleged Embezzlement Linked to Bitcoin Laundering in Beijing Court Case appeared on BitcoinEthereumNews.com.

A Beijing court sentenced a former tech executive to 14.5 years for embezzling 140 million yuan and laundering it through cryptocurrency, demonstrating the growing use of crypto in corporate fraud. Authorities traced over 90 Bitcoin through advanced blockchain analytics despite coin mixing obfuscation. Experts note that blockchain forensics tools are increasingly effective in uncovering crypto laundering schemes. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Beijing court convicts executive for 140 million yuan crypto laundering; discover how blockchain analytics aid in tracing illicit funds. Stay informed with COINOTAG. How Did the Executive Launder 140 Million Yuan Through Cryptocurrency? The former executive, surnamed Feng, embezzled 140 million yuan by approving false incentive payouts at a short video platform. He collaborated with external vendors to reroute corporate funds into accounts under his control, converting the money into Bitcoin and other digital assets across eight overseas exchanges. This case highlights crypto-enabled corporate fraud and the challenges of tracing illicit funds. ‘, ‘ 🔥 The Power of the TRON Ecosystem is Yours!Click now to discover exclusive opportunities! ‘, ‘ 💎 Profit Opportunities on the TRON NetworkJoin now to strengthen your investments! ‘ ]; var adplace = document.getElementById(“ads-htx”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex; adplace.innerHTML = adscodesHtx[adsindex]; sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexHtx”, sessperindex);…

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Filed under: News - @ July 30, 2025 9:28 am