Xiamen Procuratorate Announcement: Company Employee Sentenced for Embezzling 1.53 Million Yuan and Losing Everything by Speculating in Cryptocurrencies such as Bitcoin

According to the official WeChat account of the Xiamen Procuratorate, a salesperson at a Fujian-based distribution company incurred huge debts due to involvement in cryptocurrency investments and subsequently committed embezzlement starting in the spring of 2024. The employee arbitrarily changed the company's official payment QR code to a personal WeChat payment QR code and bank card account, guiding customers to transfer tuition fees directly to his personal account. The report shows that from the spring of 2024 to the spring of 2025, the employee embezzled over 1.53 million yuan of company funds, investing all of it in Bitcoin and other cryptocurrencies in an attempt to profit through speculation, but ultimately losing all the money. The Tong'an District Procuratorate has prosecuted him for embezzlement, and the court sentenced him to two years and three months in prison and fined him.