Shaanxi High Court released a typical case: a self-built virtual currency trading platform illegally absorbed public deposits

The Shaanxi High Court issued a typical case of cracking down on illegal fund-raising crimes, which pointed out that the defendants Shi and Zhu set up an office in Xi'an, used their own BRTR platform to issue and trade USDT, QC, and BRTR currencies, bragged about their company strength to the society, invented the bright future of investing in virtual currencies, and used capital preservation and high interest rates and enjoying the right to use luxury cars as bait to attract public investment. After audit, as of the incident, a total of 114 fund-raising participants reported the case, and the total amount of funds raised was more than 6.34 million yuan, which has been returned to more than 5.16 million yuan.
The court held that the defendant disguised the form of issuing and trading virtual currencies to absorb funds from the public and disrupted financial order, which constituted the crime of illegally absorbing public deposits and was sentenced to four years in prison and a fine.