According to Caixin, Beijing off‑exchange margin trading executive Song Shijie has surrendered nearly ¥200 million in asset forfeiture and settlement proceeds to authorities in the UK and US. The UK’s National Crime Agency seized a London mansion, apartments and bank accounts valued at about ¥161 million after concluding the funds originated from illegal securities trading in China and subsequent money laundering in the UK.
Investigative and court records further link Song to a cryptocurrency rug pull; three Binance accounts were frozen containing roughly $10 million in digital assets. Law enforcement actions prioritized cross‑border freezing and recovery to protect assets for potential restitution.
A Florida court filing in Orlando at the end of March shows he formally relinquished his claim, a procedural step documented in the case records as part of ongoing international enforcement efforts to resolve related criminal exposure.
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