Chinese Communist Party official pleads guilty to helping Bitcoin miners By Cointelegraph
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© Reuters. According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, the former Communist Party secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People’s Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over 125 million ($18 million) in bribes related to construction programs and illicit promotions.
In addition to the aforementioned counts, Yi also pleaded guilty to charges related to business transactions between himself and (BTC) miners from 2017 to 2021. It is unclear if the series of charges were related. As reported by Xinwen Lianbo:
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© Reuters. According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, the former Communist Party secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People’s Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over 125 million ($18 million) in bribes related to construction programs and illicit promotions.
In addition to the aforementioned counts, Yi also pleaded guilty to charges related to business transactions between himself and (BTC) miners from 2017 to 2021. It is unclear if the series of charges were related. As reported by Xinwen Lianbo:
Continue Reading on Coin Telegraph
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