Deep Tide TechFlow News, January 14 — According to CCTV reports, Yao Qian, the former director of the Digital Currency Research Institute, was asked by a businessman named Zhang in 2018 to make contact with a certain exchange while conducting an ICO. The ICO raised 20,000 ETH, and the businessman transferred 2,000 ETH to Yao Qian as a reward and thanks. The investigation team found a hardware wallet in a drawer of Yao Qian's office. Several bank accounts opened by others are Yao Qian's alias accounts, with a sum of 10 million yuan, which was transferred through approximately four layers of penetration from a virtual currency trader’s account, ultimately used to purchase a villa in Beijing.