Shanghai prosecutors announced a case of "GDFC" virtual currency fraud, involving a total amount of more than 35 million yuan

Shanghai prosecutors held a series of press conferences yesterday and informed the relevant cases, which showed that virtual currency, digital collections and other crimes committed under the guise of technological innovation gradually emerged, and in a new financial fraud case in the name of investing in virtual currency to defraud the victim's money, the defendant Wu and others defrauded the victim of funds totaling more than 35 million yuan from the "air coin" GDFC issued by themselves during the operation of an e-commerce company in Shanghai, which had no actual value. The relevant money flowed into the personal account of the person involved, which constituted the crime of fraud. At present, the Shanghai Minhang District Procuratorate has prosecuted him for fraud.