星球日报
星球日报|Apr 02, 2026 03:25
[Yinchuan Court Mediates a Virtual Currency Investment Dispute, Defendant Returns Investment Principal] Odaily Planet Daily News: The Xingqing District People's Court of Yinchuan City recently concluded a civil and commercial dispute arising from entrusted virtual currency investments. After the plaintiff, Wei XX, met the defendants, Li X and Hu XX, online, Wei transferred funds to Li and entrusted them to jointly operate virtual currency investments with Hu. The initial investments generated some profits, and the plaintiff participated in the dividend distribution. Later, due to urgent financial needs, the plaintiff requested the return of the investment funds but was unsuccessful, leading to a lawsuit on the grounds of "unjust enrichment." After reviewing the case, the presiding judge determined that the fundamental legal relationship in this case should be categorized as an entrusted contract relationship. The judge explained to the plaintiff that suing on the grounds of unjust enrichment carried a high risk of losing the case. At the same time, the judge pointed out to the defendants that there was indeed an entrusted investment relationship between the parties, and if the case proceeded as a dispute over an entrusted contract, the defendants would likely bear the responsibility of returning the funds. Through mediation, the plaintiff withdrew the lawsuit against Hu XX, and Li X agreed to return the investment principal to the plaintiff. Both parties reached a settlement.
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