Caixin: Beijing's largest off-market funding boss Song Shijie was involved in money laundering and crypto scams. Britain and the United States received 200 million yuan in settlement funds and confiscated assets of 161 million yuan

According to BlockBeats, on September 5, according to Caixin.com, Song Shijie, the largest off-market funding boss of Beijing, China, who owed 22 million yuan in fines and confiscated funds, handed over nearly 200 million yuan in assets to the United Kingdom and the United States. The National Crime Investigation Agency confiscated its luxury homes, apartments and bank accounts in London, worth approximately RMB 161 million, and determined that the funds came from illegal securities transactions in China and money laundering in the UK. According to reports, Song Shijie was also involved in the cryptocurrency "pig killing disk", and his three Binance accounts were frozen, including about $10 million in crypto assets. According to a document from the Orlando Court in Florida at the end of March, he avoided criminal charges by giving up his claims.