Foresight News
Foresight News|Oct 15, 2026 02:22
[Fuzhou Jin'an District Procuratorate Reports Three Criminal Cases Involving Virtual Currency] Foresight News reports, according to *Fuzhou Evening News*, the Fuzhou Jin'an District Procuratorate recently disclosed three criminal cases related to virtual currency to warn of associated risks. In the first case, two defendants laundered approximately 210,000 yuan in fraud proceeds by bulk purchasing and reselling Wuliangye liquor and transferring funds via USDT. They were sentenced to three years and seven months, and one year and five months in prison, respectively. In the second case, six defendants planned an offline USDT transaction "black-on-black" scheme, using pepper spray and violence to rob over 40,000 USDT. Most of the stolen funds have been recovered. The five defendants were sentenced to prison terms ranging from five years and seven months to ten years and four months. In the third case, the defendant registered a tech company and illegally raised over 6.28 million yuan from the public under the guise of "mining" investments, causing losses of approximately 3.48 million yuan. The main perpetrator was sentenced to three years and four months in prison. The procuratorate reminds the public that virtual currency transactions lack legal protection and are prone to crimes and losses.
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