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Shanghai Court Clarifies Legal Liability for Crypto-Linked Fraud Promoters
The Shanghai First Intermediate People's Court has issued a landmark ruling regarding the legal classification of "traffic attracters" involved in virtual currency-related telecommunications fraud. The court clarified t…
Guizhou Man Sentenced to Prison Over Fraudulent Crypto Airdrop
A local court in the Pingba District of Anshun City, Guizhou, has sentenced a man to seven months in prison following a fraudulent scheme involving a fake virtual currency "airdrop project." The defendant, identified as…
New Staking Mining Scam Defrauds Over 30 Investors of 3 Million Yuan
Law enforcement authorities have uncovered a sophisticated fraudulent scheme involving virtual currency "staking mining" that has targeted over 30 individuals across various regions. The perpetrators utilized long-term …
PBOC Shanghai Office Heightens Scrutiny on Crypto Trading Risks
The People's Bank of China (PBOC) Shanghai Head Office has reaffirmed its commitment to maintaining financial stability by intensifying its crackdown on virtual currency trading and speculation. During its work conferen…
Virtual Currency Emerges as Recoverable Asset in Zou Shiming Debt Case
A recent investigative report by Caixin.com titled "The Boxer King's Collapsed Balance Sheet" has highlighted a significant shift in asset recovery within the Chinese legal landscape. As the financial liabilities of Oly…