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The story behind a massive bitcoin mining heist in China
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Quick Take
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To outsiders, the recent arrest of a former Chinese official for “supporting” a local crypto mining business may appear to be a direct outcome of China’s ongoing crackdown on crypto mining.
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But the backstory actually stretches back more than three years, and what he is accused of doing is far more than just supporting a crypto mining business.
A Chinese official was recently arrested for "supporting" a crypto mining business. But the real story stretches back more than three years.
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