Zhao Dong has been released from prison and appeared in the United States

Guo Hongcai posted pictures on social media showing Zhao Dong released from prison and in the United States. As previously reported, on May 12, 2021, the Xihu District People's Court of Hangzhou held a trial for Zhao Dong and Zhao Peng. Zhao Dong and Zhao Peng were convicted of aiding and abetting fraud. Zhao Dong was criminally detained on June 24, 2020, and arrested on July 18. Zhao Dong and Zhao Peng were implicated in the illegal disposal of virtual assets by a platform called Tiantian Xiangshang ("Paofen"). Zhao Dong and Zhao Peng converted the digital assets involved in the illegal online payment platform into fiat currency. Zhao Dong received a 70% share of the profits from the OTC business. According to a previous report by Mobile Payment Network, the Tiantian Xiangshang platform was a money laundering ring headed by a certain Zhou. The platform was involved in illegal settlements, backed by numerous overseas gambling websites, with the amount involved reaching 3.1 billion yuan.