According to reports reported by the Chinese media, Zhao Dong, the founder and CEO of Renrenbit, one of the leading over-the-counter crypto trading platforms, was captured and arrested by Chinese officials.
Although there is no complete confirmation of the news in question, some say that Dong is currently held at a police station in the Hangzhou district. Another source claimed that Dong was being held at a police station in Yancheng instead of Hangzhou.
Is Bitfinex Crypto Exchange Traded At China's Target?
Matthew Graham, CEO of Sino Global Capital, said in a statement on Twitter that Zhao's current status has been confirmed and is really held at the police station. Graham said in a statement on the subject that the reason for his arrest is not entirely clear.
It is stated that this arrest event may not be related to the operations of RenrenBit and this may directly be related to the Bitfinex cryptocurrency exchange. Experts state that this is not related to the RenrenBit exchange, leaving only one option, and only Bitfinex cryptocurrency exchange is left.
Dong was also one of the leading investors and shareholders of the Bitfinex cryptocurrency exchange. This suggests that Chinese officials who did not have an eye on crypto exchanges may have had an international cryptocurrency exchange, Bitfinex, this time.
