🔥Hot news coming! 🔥According to Odaily Planet Daily, former Huludao Bank Party Secretary Li Yulin, President Li Xiaodong and others are suspected of fabricating asset management plans and embezzling bank funds of up to 2.6 billion yuan! 😱

This huge amount of money was illegally converted into foreign currency and transferred to a Hong Kong company account, and then virtual currency was purchased at a higher price than the market price through a virtual currency trading WeChat group, and then the purchased virtual currency was sold overseas through an overseas virtual currency buyer and converted into US dollars and remitted to the Hong Kong company bank account. 😨

The court ruled that Chen knew that the funds of others came from the bank's criminal proceeds, but still helped them convert them into virtual currency and transfer them overseas. His behavior constituted money laundering and he was sentenced to 2 years and 3 months in prison and fined 2 million yuan. 💼

This case once again reminds us that although virtual currencies such as Bitcoin have unlimited potential, we must also be vigilant that they may be used for illegal activities. While investing, we must also remain vigilant, abide by laws and regulations, and be a legal and compliant investor. 👮‍♀️👮‍♂️