CCTV: Yao Qian helped IC0 find a trading platform and received a reward of 2000 ETH

Jan 14, 2026 20:41:19

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According to CCTV reports, Yao Qian, the former director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission and the former director of the Information Center, was entrusted by businessman Zhang, who was conducting an ICO in 2018, to make a connection with a trading platform. The ICO raised 20,000 ETH, and the businessman transferred 2,000 ETH to Yao Qian as a reward.

The task force seized a hardware wallet from a drawer in Yao Qian's office. Several bank accounts opened by others were Yao Qian's proxy accounts, with one account holding 10 million yuan. After approximately four layers of penetration, the funds came from a virtual currency trader's account and were ultimately used to purchase a villa in Beijing.

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