A Chinese court found the former bank employee guilty of misappropriating 1.85 million yuan (about $ 261 thousand) of the bank and fraud with customer funds of 770 thousand yuan ($ 110 thousand). He invested the stolen funds in bitcoin, reports 8btc.
In the period from 2018 to May 2019, the fraudster used the bank's money for cryptocurrency investments and personal needs. Later, he began to issue loans in the name of the organization’s clients.