According to a report by Justice Net, the Lianshui County Court in Jiangsu recently concluded a case involving virtual currency. The defendant, Mao, discovered a notebook containing a virtual currency wallet seed phrase while entrusted with safeguarding a friend's suitcase. He then instructed his son to recover the wallet and transfer the assets. Between March and April 2022, the two transferred and sold a total of 132,499 USDT, profiting approximately 836,000 RMB. The prosecution argued that the two secretly transferred and sold someone else's virtual assets after accidentally discovering the seed phrase, constituting theft. The court accepted the charges and sentenced the father and son to three years in prison, suspended for four years, along with a fine of 100,000 RMB each. The prosecution emphasized that while virtual currencies are not legal tender, they possess property attributes and are protected under the law. https://www.(wublock123.com)/news/news-63371