Yao Qian's Downfall: From 'Father of Digital RMB' to '2000 ETH Prisoner' ⛓ As China's most crypto-savvy official, Yao Qian's fall from grace is even more 'crypto-flavored' than his rise. Tech genius with a 'crypto-first' belief: His case isn't just simple corruption—it’s rooted in 'faith.' In 2018, he accepted 2000 ETH in bribes, held through the deep freeze at $85, and waited until the peak at $4000. The most ironic 'hot and cold wallet': Arrested in 2024, the irony lies in the fact that the key to cracking the case was the 'blockchain traceability' he always advocated for—2000 ETH's on-chain path was precisely tracked, and the tech expert was ultimately undone by technology. The illusion of power abuse: During his time at the securities commission, he pushed for surveillance systems while secretly helping bosses with ICO fundraising. Yao Qian's downfall marks the end of the era of 'hidden crypto corruption.' He proved that blockchain is indeed an anti-corruption tool and also proved: in the face of a transparent ledger, no one can truly 'hide.'