The court sentenced Xiao Yi, Former Jiangxi Official, to life imprisonment and lifelong loss of political rights, for illegal Bitcoin mining and bribery charges.

AChinese government official, Xiao Yi, has been handed a life imprisonment sentence due to involvement in unauthorized business operations associated with a Bitcoin mining venture worth 2.4 billion Chinese yuan ($329 million).

Xiao Yi, formerly a member of the Party Group and Vice Chairman of the Jiangxi Provincial Political Consultative Conference, has been found guilty of accepting bribes and abusing power. 🤯Wall street’s latest crypto price predictions for 2025..!!👀

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