Lookonchain APP

App Store

Special Task Force Four-Layer Penetration confirms Yao's Pre-Bribery Fund Flow Path, with full traceability of fund movement recorded without missing a single detail.

2 hours ago

On Jan 14, the fourth episode of the TV special *Never Stop, Never Retreat*—co-produced by China’s Central Commission for Discipline Inspection (CCDI) and National Supervisory Commission (NSC) and CCTV—aired, focusing on “Technology Empowering Anti-Corruption.” The episode spotlighted the case of Yao Qian, former director of the China Securities Regulatory Commission (CSRC)’s Science and Technology Supervision Department and former head of its Information Center. It detailed virtual currency storage and transfer mechanisms, noting that using virtual currencies to hide corrupt proceeds is a new form of hidden corruption. Cai Kunqing, a staffer with Guangdong’s Shantou Municipal Commission for Discipline Inspection and Supervision, stated: “During searches, two key items must be checked: first, whether a hardware wallet exists; second, whether there are papers with irregular mnemonic phrases—these are critical.” Using blockchain technology, the task force not only traced the 2018 transfer of 2,000 Ethereum from a wallet linked to an individual named Zhang to Yao’s Ethereum wallet, but also tracked Yao’s 2021 transfer of 370 Ethereum, which was exchanged for 10 million yuan. The task force conducted electronic forensics in compliance with rules, discipline, and laws, ensuring all evidence corroborated to form a closed loop. Faced with this solid evidence chain, Yao admitted to his disciplinary violations and illegal activities. The episode concluded that under high-pressure anti-corruption efforts, no matter how corrupt methods evolve or become more hidden, as long as the core of corruption—power-for-money transactions—is firmly grasped, rules/discipline/laws are strictly enforced, technologies like big data are fully leveraged, investigation efforts are intensified, and effective prevention methods are expanded, no form of corruption will escape detection.
Relevant content

S&P 500 index widens losses to 1%, Nasdaq drops 1.56%

On January 14th, per Bitget market data, the S&P 500 extended its decline to 1%, the Nasdaq dropped 1.56%, and NVIDIA (NVDA.O) fell 2.3%.

2 minutes ago

Federal Reserve Governor Waller: Regulatory easing will put downward pressure on prices, providing a rationale for rate cuts

Jan. 14 – Federal Reserve Board Governor Milan stated that easing regulations would exert downward pressure on prices, presenting another rationale for the U.S. Federal Reserve to cut interest rates. By 2030, up to 30% of regulations could be eliminated, potentially trimming annual inflation by half a percentage point. Easing regulations functions as a positive supply and productivity shock, boosting the economy’s capacity and easing price pressures. (FXStreet)

2 minutes ago

During Bitcoin's latest rally, the largest single liquidation in a short position was nearly $35 million.

Bitcoin briefly broke above $96,000 and $97,000 tonight (Jan 14), per Coinglass data. The largest single short liquidation during the rally hit $34.9782 million on HTX. Across the network, 11 additional short liquidations exceeded $1 million apiece.

2 minutes ago

Sui Mainnet is currently experiencing network issues, and the team is looking for a solution

In an official Jan. 14 announcement, the Sui mainnet is currently experiencing network issues. The Sui core team is actively working to resolve the problem. At this time, decentralized applications (dApps) like Slush and SuiScan may be unavailable. Transactions may also be slowed, delayed, or temporarily halted.

2 minutes ago

Stablecoin Service Provider Meld Completes $7 Million Funding Round, Led by Lightspeed Venture Partners

Jan 14 — Stablecoin service provider Meld has closed a $7 million funding round, led by Lightspeed Faction, with F-Prime, Yolo Investments, and Scytale Digital also participating, Fortune reports. The company’s total funding now stands at $15 million. The firm currently offers stablecoin payment services to both corporate and individual users, aiming to build a "crypto version of Visa" that supports global purchases or settlements of stablecoins, Bitcoin, Ethereum, and other digital assets.

2 minutes ago

Bitcoin Surges Past $97,000, With a 24-hour Growth of 3.91%

On Jan. 14, Bitcoin surged past $97,000, per HTX market data, last trading at $97,072 with a 3.91% 24-hour gain.

2 minutes ago