CCTV reports that Yao, former Director of the Science and Technology Regulatory Department of the China Securities Regulatory Commission, received a reward of 2000 ETH in 2018 for greeting trading platforms to promote ICOs...

The investigation team also seized his hardware wallet and traced it back to a Beijing villa he bought for 10 million yuan...

I always feel that many of the numbers in this case don't add up. In 2018, ETH was worth less than $500, and the Beijing villa at that time was also more than 10 million yuan...

Honestly, what I find most ironic in this report is that, in a situation where the hardware wallet was fully controlled and also confiscated, its security is even worse than a string of seed phrases?

Even more ironic is that if those 2000 ETH hadn't been sold and held until now, their value would have increased sixfold. And as for the Beijing villa in 2018... hahaha🤣