Wu said that according to the Workers' Daily, the Beijing People's Procuratorate has released the work situation of the 'Procuratorial Protection for Enterprises' special action, along with typical cases. In a case of embezzlement, the defendant fraudulently obtained more than 140 million yuan from the company, and the procuratorial authorities tracked the virtual currency to recover losses. Between 2020 and 2021, Feng, taking advantage of his position as a service provider at a certain technology company and working in the regional operations growth department, conspired with Tang and Yang to fraudulently obtain a total of more than 140 million yuan in service provider rewards from the company. Subsequently, Feng directed Tang and Yang to use eight foreign virtual currency trading platforms to convert the involved funds from yuan to virtual currency, obfuscating the source and nature of the funds through foreign 'mixing' platforms, transferring them in virtual currency through multiple levels. Some of the involved funds flowed into accounts controlled by Feng and others in yuan form, while some were hidden by Feng and others in virtual currency form. The procuratorial authorities clarified the flow of funds, ultimately prompting Feng to return 92 bitcoins, recovering a total of more than 89 million yuan in illicit gains.

#BTC