CCTV: Yao Qian helped ICO find trading platforms and received 2,000 ETH as compensation

GateUser-6433627c · 2026-01-14T12:39:05+00:00

Yao Qian was investigated for bribery cases, suspected of collaborating with ICO businessman Zhang to receive 2000 ETH in return. In addition, the special task force discovered that he transferred 10 million yuan using pseudonymous accounts, which were ultimately used to purchase a villa.

GateUser-6433627c

2026-01-14 12:39:05

Abstract generation in progress

On January 14, according to CCTV reports, Yao Qian, former Director of the Science and Technology Regulatory Department and former Director of the Information Center of the China Securities Regulatory Commission, was approached by a businessman named Zhang in 2018 to facilitate an ICO. The ICO raised 20,000 ETH, and the businessman transferred 2,000 ETH to Yao Qian as a reward. The investigation team found a hardware wallet in a drawer of Yao Qian’s office. Several bank accounts opened by others were revealed to be Yao Qian’s alias accounts, with a sum of 10 million yuan, which, after approximately four layers of layering, was transferred from a virtual currency trader’s account and ultimately used to purchase a villa in Beijing.

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