Svmuu News: According to a report by CCTV, Yao Qian, former director of the Technology Supervision Department and former director of the Information Center at the China Securities Regulatory Commission (CSRC), was asked in 2018 by a businessman surnamed Zhang—who was conducting an ICO—to put in a good word with a certain trading platform. The ICO raised 20,000 ETH, and the businessman transferred 2,000 ETH to Yao Qian as a reward and token of appreciation. The task force seized a hardware wallet from a drawer in Yao Qian’s office. Several bank accounts opened under other people’s names were found to be Yao Qian’s front accounts. A sum of 10 million yuan, transferred through approximately four layers of intermediaries, originated from the funds account of a cryptocurrency trader and was ultimately used to purchase a villa in Beijing.