Overview

• Kuaishou employees exploited internal bonus programs to divert about 140 million yuan in fake payouts to shell vendors.
• Stolen funds were laundered through eight offshore cryptocurrency exchanges and obscured using coin-mixing tools.
• Prosecutor Li Tao’s team leveraged blockchain analytics, company data logs, and bank records to trace and seize over 90 BTC valued at around $11 million.
• Ringleader Feng was sentenced to 14½ years in prison and seven co-conspirators received terms ranging from three to 14 years along with hefty fines.
• Beijing authorities are considering new regulations to strengthen oversight of corporate incentive systems and prevent similar fraud.