cash-out

Sorting out the cash-out situation of Circle's major shareholders: the largest external shareholder IDG only cashed out 68 million dollars, while several executives missed out on over 100 million in profits by reducing their holdings

Sort out the reduction and holding scale of 11 major shareholders of Circle before and after the listing. From the perspective of shareholding ratio, IDG Capital, which is rooted in China, has become one of the largest known non-founder shareholders of Circle through multiple rounds of early investment.

2025-06-28

major shareholder

Sorting out the cash-out situation of Circle's major shareholders: the largest external shareholder IDG only cashed out 68 million dollars, while several executives missed out on over 100 million in profits by reducing their holdings

A user manager of a certain internet company was sentenced to 12 years in prison for accepting bribes and embezzling 9.74 million yuan in virtual currency cash-outs

ChainCatcher news, according to official reports, a typical case recently released by the Haidian Court reveals that a user manager of a certain network technology company took advantage of his position to accept bribes and embezzle virtual currency in a virtual currency reward business, with a total amount involved of 9.74 million yuan.The user manager was sentenced to 12 years in prison by the court for the crime of accepting bribes as a non-state worker and for embezzlement. The case shows that from 2014 to 2019, the defendant obtained 6.08 million yuan in bribes by introducing supplier cooperation and profited 3.66 million yuan by cashing out part of the virtual currency through multiple accounts. This case is the longest prison sentence for corruption crimes committed by internal personnel of internet companies in the past five years.

2025-05-19

Virtual currency

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