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  4. Former CCP official apologies for 'grave losses' as a result of supporting crypto miner: Report
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Former CCP official apologies for 'grave losses' as a result of supporting crypto miner: Report

Xiao Yi, the former Chinese Communist Party secretary of Fuzhou, has confessed to “acting recklessly” in support of crypto mining during a state-run television...
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Former CCP official apologies for 'grave losses' as a result of supporting crypto miner: Report

Xiao Yi, the former Chinese Communist Party secretary of Fuzhou, has confessed to “acting recklessly” in support of crypto mining during a state-run television broadcast.

In an interview released by state-run media on Jan. 8, Xiao seemed to speak with a very subdued voice from what appeared to be prison, apologizing for being a “sinner” and causing “grave losses” to Fuzhou. The former CCP official pled guilty to corruption charges in December related to accepting more than $18 million in bribes for construction programs and illicitly promoting projects — including a localcrypto mining firm.

Xiao Yi addressing an interviewer. Source: China News Service, YouTube
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