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Xiamen Prosecutor's Office Report: A company employee embezzled 1.53 million yuan to invest in BTC and other virtual currencies, resulting in almost total loss, and was sentenced.

2 hours ago

January 19, according to the Xiamen Procuratorate’s official WeChat account, a salesperson at a Fujian-based company—who ran up massive debts from cryptocurrency investments—began embezzling company funds in spring 2024. The employee secretly replaced the company’s official payment QR code with their personal WeChat QR code and directed customers to transfer educational subscription fees directly to their personal bank account instead of the company’s. Between spring 2024 and spring 2025, the individual embezzled more than 1.53 million yuan (≈$210,000) in company funds. All the stolen money was invested in Bitcoin and other cryptocurrencies in an attempt to profit from speculation—but the employee lost every penny. The Tong’an District Procuratorate charged the person with embezzlement, and the court sentenced them to two years and three months in prison and ordered payment of a fine.
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