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coinpedia
2023-12-27 05:30:06

China Cracks Down: RenrenBit Founder Zhao Dong Sentenced in Crypto Sweep

China Cracks Down: RenrenBit Founder Zhao Dong Sentenced in Crypto Sweep

The post China Cracks Down: RenrenBit Founder Zhao Dong Sentenced in Crypto Sweep appeared first on Coinpedia Fintech News In a landmark decision, China’s Supreme Procuratorate has delivered a decisive blow against illegal cryptocurrency operations. Zhao Dong, a prominent figure in the crypto world and the founder of RenrenBit, has been sentenced to a seven-year prison term. This verdict comes from charges of running illegal business operations and engaging in unauthorized foreign exchange trading. …

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