Former CSRC official Yao Qian was taken down, bought a Beijing villa with 10 million yuan
Previously accepted bribes of "2000 coins $ETH ", among which (10 million yuan) was used to purchase the "Beijing villa", and a hardware wallet was discovered in his office drawer
On January 14, according to CCTV, former head of the Digital Currency Research Institute, Yao Qian, in 2018 was approached by businessman Zhang Mou, who was conducting an ICO, to facilitate listing on a certain exchange. The ICO successfully raised 20,000 Ethereum ($ETH ), and Zhang Mou subsequently transferred 2000 of the $ETH coins to Yao Qian as remuneration. Investigators found a hardware wallet in Yao Qian's office drawer.
The investigation team also discovered that Yao Qian used multiple bank accounts opened under others' names as "shell accounts". One transaction involving 10 million yuan went through approximately four layers of fund transfers, originating from a virtual currency trader's account, and was ultimately used to purchase a villa in Beijing.
