PANews reported on February 8 that according to Caixin, after nearly two years of investigation, 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. Caixin learned from multiple channels that Hao Gang was involved in Bitcoin money laundering; in addition, he also assisted a senior executive of a leading Bitcoin mining company to lift border control, and the bribes he received may have reached tens of millions of yuan.

On February 6, 2025, the Beijing Second Intermediate People's Court publicly pronounced the verdict on Hao Gang's bribery and money laundering case in accordance with the law, sentencing the defendant Hao Gang to eight years in prison for bribery and a fine of RMB 500,000; and four years in prison for money laundering and a fine of RMB 800,000. The court decided to execute a sentence of eleven years in prison and a fine of RMB 1.3 million. The illegal gains and interest from his bribery were recovered, confiscated, and turned over to the state treasury.