Bao Erye posted a picture showing that Renrenbit founder Zhao Dong was released from prison

Guo Hongcai (also known as Bao Erye) posted images on social media showing RenrenBit founder Zhao Dong in the United States, having been released from prison. Zhao Dong was previously arrested in June 2020 on suspicion of aiding and abetting illegal business operations. Court records revealed that Zhao Dong's team provided over-the-counter virtual currency exchange services for the "Day Day Up" platform, involving 3.1 billion RMB. Zhao Dong pleaded guilty and was sentenced to two years in prison and a fine, with probation. The case involved illegal settlements and providing funding for gambling-related illegal activities. Zhao Dong's recent appearance may mark the end of his prison sentence.