The second instance verdict of the 660000 yuan virtual currency theft case in Wuhan, China has been revised: the theft amount is determined based on the actual cost paid by the victim, and the main offender has been sentenced to ten years and six months in prison According to BlockBeats, on June 6th, according to the Procuratorate Daily, Lin, Zeng, and Dai conspired to use virtual currency trading as a cover to secretly take photos of the victim's digital wallet private key during the transaction process. After the virtual currency was received, they secretly logged into the victim's wallet to cancel the transaction and transferred the relevant virtual currency back to their controlled account. Three people committed the crime three times, causing a total economic loss of 660000 yuan to the victims. The first instance court held that in the absence of clear judicial interpretations on the calculation method and sentencing standards for the value of virtual currency, it is not appropriate to directly determine that the amount involved is particularly large based on the victim's purchase amount of 660000 yuan. Therefore, the sentencing was based on "other serious circumstances", and three people were sentenced to imprisonment ranging from eight years to five years and six months, and fined. The Procuratorate of Hanyang District, Wuhan City, Hubei Province subsequently filed a protest, and the Procuratorate of Wuhan City supported the protest. The prosecutor believes that the first instance court applied the law incorrectly and imposed a disproportionate sentence. Prosecutor Dai Wentao of Wuhan Procuratorate stated that there is a logical contradiction and legal application error in determining the value of virtual currency when the victim has a clear amount of loss to refer to. In judicial practice, it has become the mainstream practice to determine the theft amount based on the sale price and transaction price, and to determine the value of virtual currency based on the actual cost price paid by the victim, which has factual, legal, and practical basis. The Wuhan Intermediate People's Court adopted the prosecutor's opinion in the second instance and revoked the corresponding content of the original judgment, instead determining that the amount of theft was particularly huge. The main offender, Lin, was sentenced to ten years and six months in prison for the crime of theft, and the accomplices, Zeng and Dai, were sentenced to eight years in prison and each fined. [Original link]