CCTV revealed details of Yao Qian's bribery case involving virtual currency: he received 2,000 ETH as a reward for "making connections" for a project's public offering.

According to CCTV, Yao Qian, the former director of the Science and Technology Supervision Department and former director of the Information Center of the China Securities Regulatory Commission (CSRC), was asked by a businessman surnamed Zhang to contact a trading platform in 2018 to solicit donations. The platform raised 20,000 ETH, and the businessman transferred 2,000 ETH to Yao Qian as a reward. The investigation team found a hardware wallet in a drawer in Yao Qian's office. Several bank accounts opened by others were Yao Qian's shell accounts, containing 10 million yuan that, after approximately four layers of transfer, originated from a cryptocurrency exchange's account and was ultimately used to purchase a villa in Beijing.