[Fuzhou Gulou Court Dismisses $480,000 USDT Investment Dispute Lawsuit and Transfers Case to Public Security Authorities] Odaily Planet Daily News: The People's Court of Gulou District, Fuzhou City, recently concluded a dispute arising from virtual currency investment. Chen transferred 480,000 yuan to Liu for forex investment. Liu converted the funds into USDT and invested them on an overseas platform. After the platform shut down, Chen filed a lawsuit demanding a refund. Upon review, the court determined that the transaction model formed a closed loop of receiving RMB, converting to USDT, cross-border transfer, and forex trading, which constitutes disguised forex trading and is suspected of economic crimes. The court ruled to dismiss Chen's lawsuit and transferred the relevant materials to public security authorities for further handling. The Fuzhou Intermediate Court upheld the original ruling. The court reminded that civil legal actions involving virtual currency investments that violate public order and good customs are invalid, and any resulting losses must be borne by the individuals themselves.