Caixin reported that Lu Jun, former deputy head of the Shanghai Branch of the original China Development Bank, deputy general manager of China Development Bank Finance, and later took charge of the National Integrated Circuit Industry Investment Fund, was accused of accepting bribes totaling more than 700 million yuan. During the second supplemental prosecution of Lu Jun by the Baishan City Procuratorate, it was disclosed that he and his longtime colleague Du Yang accepted “kickback” payments totaling 12.18 million yuan in equity payments for Zhongqing Xingxin, as well as Bitcoin and other “benefits.” It is understood that the Bitcoin involved was obtained from Du Yang’s cooperative mining operations. Lu Jun’s defense attorney said that Lu Jun was not aware of Du Yang’s Bitcoin mining activities. On November 28, 2025, the presiding judge announced an adjournment of the trial; as of now, more than half a year has passed since the trial was adjourned, and no verdict has yet been issued in the case.

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DustCollector
· 7h ago
7 hundred million + 12.18 million—this number hurts my wallet to look at.
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MirrorBallGazingAtTheSky
· 7h ago
From a financial official to being implicated in the crypto world—this contrast is more thrilling than the K-line.
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ApyDaydreamer
· 7h ago
The case has been adjourned for half a year without a verdict, so it’s likely the situation is very complicated.
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PleaseReadTheWhitepaperFirst.
· 7h ago
Du Yang mined while Lu Jun collected payments—this division of labor is pretty clear.
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雾里看TVL
· 7h ago
It’s unclear how to frame the argument about Bitcoin mining, but this defense angle is pretty fresh.
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