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A virtual currency platform hidden "back door" to carry out fraud, involving 77 million yuan, 103 people recruited

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2025-07-25 05:56:01
The Yunmeng County Procuratorate of Hubei Province reported that a "tanuki cat for prince" virtual currency fraud case prosecuted by the Yunmeng County Procuratorate of Hubei Province was recently upheld by the 2nd-round Moderation.
He and the other four people manipulated the price of the currency and illegally exchanged the cryptoassets pledged by investors for worthless "D coins" by launching a virtual currency trading platform with a "backdoor", causing a total of 103 investors to lose more than 77.76 million yuan. The four defendants in the case were sentenced to imprisonment ranging from three to 13 years and fined, and the main offender He's appeal was rejected.
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