#出赵东，币圈大大大巨户
OTC top boss
Zhao Dong was taken away by Hangzhou police for investigation in June 2020.
Earlier, the Supreme People's Procuratorate issued a notice that on March 24, 2022,
Zhao was sentenced to seven years in prison,
and fined RMB 2.3 million.
After the verdict, Zhao appealed.
On September 5 of the same year, the Hangzhou Intermediate People's Court of Zhejiang Province ruled to dismiss the appeal and uphold the original verdict.
The court pointed out that the use of virtual currency as a medium to realize the exchange of RMB and foreign exchange constitutes the crime of illegal business operation.
According to the earlier court ruling, Zhao Dong should be released from prison in 2027.
