Colin Wu
Colin Wu|Jan 20, 2026 01:57
Pengpai News: Li Dong was detained by Zhangjiajie police for 103 bitcoins and cashed in over 49.61 million yuan, and subsequently released on bail pending trial. Just four days after being released on bail pending trial, Li Dong was taken away by the Xuchang police again on charges of running a casino and confiscating about 80 bitcoins. According to the prosecution's accusation, in 2020, Li Dongli used a program vulnerability on the server of the overseas online gambling website "Kaiyun Sports" to steal personal information of more than 1.84 million Chinese citizens from the gambling website through technical means, including personnel from Xuchang and Changge. According to the allegations, in 2020, Li Dong selected proxy accounts with high commission rates and many downlines from the "Kaiyun Sports" gambling website's proxy accounts, replaced the commission bank accounts of these proxy accounts with his own controlled bank accounts, and stole a total of RMB 35.5 million in commission funds from the "Kaiyun Sports" gambling website's proxy accounts. Among them, more than 6.44 million yuan was transferred to 13 bank cards purchased by Li Dong; In addition, using a certain group to purchase virtual currencies such as Bitcoin and transfer them to Li Dong's wallet, more than 29.05 million yuan of stolen funds were obtained. The defense argues that there is insufficient evidence to support the charge of theft, as there is a lack of evidence to prove the connection between the related account fund transactions and gambling websites and Li Dong. The defense also claimed that Li Dong's previous guilty confession was obtained by public security personnel threatening to take measures against his pregnant wife, and applied to be excluded as illegal evidence. According to participants in the trial, the defense lawyer defended Li Dong's innocence. Regarding the charge of infringing on citizens' personal information, Li Dong and his defense counsel believe that after the police intervened, the portable hard drive storing the information was not sealed, and there were multiple traces of electronic data modification; Many of the related personal information are not complete personal information, and Li Dong did not profit from it. During the handling of the case, Li Dong's family believed that it was a "profit driven law enforcement" and questioned the disposal procedures of Bitcoin. The investigators responded to the family members that they will handle the case in accordance with the law and regulations. Full text: https://finance. (sina.com).cn/jjxw/2026-01-20/doc-inhhwicp6674032.shtml
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