Former CEO of Xunlei suspected of misappropriating tens of millions of company funds for cryptocurrency trading
7x24h News
Former CEO of Xunlei suspected of misappropriating tens of millions of company funds for cryptocurrency trading
Thunder announced last night that its former CEO Chen Lei and others are suspected of embezzlement, and the Shenzhen Public Security Bureau has opened an investigation into Chen Lei on suspicion of embezzlement.
Navigating Web3 tides with focused insightsTechFlow news, according to the Science and Technology Innovation Board Daily on October 9, Xunlei issued an announcement last night stating that its former CEO Chen Lei and others are suspected of embezzlement, and the Shenzhen Public Security Bureau has officially opened an investigation into Chen Lei on suspicion of职务侵占 (embezzlement by personnel). According to a source familiar with the matter, the allegations against Chen Lei include: setting up fictitious transaction links to misappropriate company assets; creating false contracts to siphon off company funds; and allegedly diverting tens of millions of yuan from the company for illegal cryptocurrency speculation, which is explicitly prohibited by national regulations.
