Former Kuaishou Magnetic Engine Vice President Responds to Rumors: Has Never Owned a Bitcoin Account or Traded Bitcoin

Foresight News reports, citing Caijing Story Club, that Feng Chao, former Vice President of Kuaishou Magnetic Engine, has responded to speculation regarding the case of "certain individuals, including a person surnamed Feng from a short video platform company in Haidian District, Beijing, illegally embezzling funds and laundering the proceeds through Bitcoin and other means." Feng Chao stated, "I have never had a Bitcoin account, nor have I ever bought or sold Bitcoin." After multiple investigations, journalists learned that the individual surnamed Feng involved in the incident is actually Feng Dian, former General Manager of the E-commerce Service Provider Operations Center at Kuaishou, whose role included overseeing service provider onboarding approvals, formulating and implementing incentive policies, and other related responsibilities.