BTC.com reported the incident to law enforcement agencies in Shenzhen, a city in China’s southeastern region regarded as a worldwide industrial powerhouse. As per a statement released on Monday, the regional law enforcement officials started a probe on Friday and have begun collecting information.
According to the corporation, its operations continue as normal and an unknown number of crypto assets have been safeguarded. China outlawed cryptocurrency-related trades in September 2021, but a mid-level court ruled a few months back that cryptocurrency assets should be safeguarded by law as digital property.
Friday’s final Nasdaq price for equities of BIT Mining, the parent company of BTC.com, was down 17.3%.