According to Caixin, nearly two years after being investigated, Hao Gang, former deputy director of the Beijing Local Financial Supervision and Administration Bureau, was sentenced to 11 years in prison in the first instance. According to Caixin's knowledge from multiple channels, Hao Gang was involved in Bitcoin money laundering; in addition, he also assisted executives of a leading Bitcoin mining company to lift border control and accept bribes of tens of millions of yuan. On February 6, 2025, the Second Intermediate Court of Beijing publicly pronounced the case of Hao Gang accepting bribes and money laundering in accordance with the law, and sentenced the defendant Hao Gang to eight years in prison for accepting bribes and a fine of RMB 500,000; it was sentenced for money laundering. He was sentenced to four years in prison and a fine of RMB 800,000. He decided to be sentenced to eleven years in prison and a fine of RMB 1.3 million. The illegal gains and interest from bribery will be recovered, confiscated, and handed over to the state treasury.