Express

Wenzhou Court Successfully Disposes of Involved Virtual Currency Through Licensed Trading Platform, Returning Funds to Victims

Summary: According to reports, starting in December 2022, the defendant Liu illegally obtained 544 virtual currency addresses and keys through a counterfeit digital wallet program, transferring tens of thousands of virtual currencies from victims such as Yang, resulting in significant financial losses. To find a reliable professional organization for disposal, Wang Zitai contacted the Third Research ...

According to reports, starting in December 2022, the defendant Liu illegally obtained 544 virtual currency addresses and keys through a counterfeit digital wallet program, transferring tens of thousands of virtual currencies from victims such as Yang, resulting in significant financial losses. To find a reliable professional organization for disposal, Wang Zitai contacted the Third Research Institute of the Ministry of Public Security through the Lucheng Public Security Sub-bureau after several days of back and forth with various relevant departments. After signing the commission agreement, he carefully checked each clause, clearly specifying responsibilities such as testing, selling, and transferring. Ultimately, the realization was successfully completed through a licensed exchange, and after completing the relevant procedures and deducting fees, the realized funds were transferred securely to the court's dedicated account for the case. Over 6000 USDT coins, over 2700 TRX coins, and 0.8 BNB coins were converted into nearly 50,000 RMB.

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