Father of central bank digital currency, using $ETH to pay himself

A case exposed in a CCTV anti-corruption documentary: Yao Qian, former director of the People's Bank of China's Digital Currency Research Institute, the person named by Coindesk as one of the 'Top Ten Blockchain Figures of 2017' and in charge of DCEP development.

In 2018, he helped someone launch an ICO on an exchange and received 2,000 $ETH as a bribe.

A hardware wallet was found in his office drawer, with layered shell bank accounts traced through four levels; the source of 10 million was from cryptocurrency trading, ultimately used to purchase a villa in Beijing.

The investigation team said: This is the first successful case in China's anti-corruption history to trace cryptocurrency-related bribery.

Yao Qian himself said in front of the camera: 'I previously thought it would be hard to gather evidence.'

You see, the person who regulates cryptocurrency knows its loopholes best.

He wrote a paper just a short while ago stating that 'Bitcoin lacks a value anchor and cannot become a real currency,' yet he himself hoarded $ETH to buy a villa.

This is perhaps the greatest irony of 'blockchain immutability'—the blockchain record may not catch you, but your Ledger in the drawer can.