According to WuShuo, lawyer Liu Yang disclosed new developments in the highly-watched case of a college student who launched a memecoin project and 'rug-pulled' for profit. The defendant was previously sentenced in the first trial to 4 years and 6 months in prison and fined 30,000 yuan. The defense lawyer had argued for a not-guilty verdict during the first trial. During the second trial, the college student voluntarily pleaded guilty and accepted punishment. The appellate court ultimately granted probation and released the defendant. Industry insiders point out that in criminal cases involving virtual currencies, the choice of litigation strategy is critical. It is common in judicial practice for defendants to receive lighter or reduced sentences after pleading guilty and accepting punishment. However, while insisting on a not-guilty defense is within a lawyer's rights, it requires careful consideration of the strength of the evidence and the potential sentencing risks. https://www.(wublock123.com)/news/news-64195