The Jing'an District Court in Shanghai tried a virtual currency investment dispute case. Ms. Wu sued after being induced by a host to invest 1.05 million yuan and was unable to withdraw funds later. The court held that her investment actions violated laws and public order and morality, ruling that Ms. Wu must bear the losses herself and dismissing her claims. This verdict serves as a significant warning to investors engaging in speculative virtual currency investments.

ChainCatcher News, recently, Ms. Yu and her husband transferred 250 RMB as pocket money via China Construction Bank, with the note "This week's Dogecoin." The bank investigated and froze their accounts. Both received calls from CCB staff, verifying their relationship and the reason for the transfer note, which triggered "virtual currency control," and their accounts were set to a "no deposit, no withdrawal" status. The account opening staff told Ms. Yu that to unfreeze the account, she needed to submit her husband's bank statements from the past few months. After approval, she would need to write a letter of commitment, promising that previous transactions were not virtual currency dealings and that they would not participate in virtual currency trading in the future. Her husband strongly opposed the account restrictions and is negotiating with the bank staff. In response, China News Weekly called the China Construction Bank customer service hotline for inquiries. The staff said they have not received any information regarding virtual currency control and recommended consulting the relevant branch for specific details. Subsequently, China News Weekly inquired

BlockBeats news, on December 2, the Taiyuan City Wanbailin District Prosecutor's Office in Shanxi Province, China, recently announced the first-instance verdict on the case of Chen and Li, who were prosecuted for concealing and hiding criminal proceeds. The court accepted the sentencing recommendation from the prosecutor's office, sentencing the two to two years and six months, and one year and six months of fixed-term imprisonment respectively, and imposing fines. In May of this year, Ms. Zhang met "Lin Hao" (who is still at large) on a short video platform. "Lin Hao" falsely claimed that his comrade worked for a well-known company and had access to information about the company's stock rise and fall, stating that profits could be made by signing up for an account on the company’s internal website to "buy rise" (claiming a return of 5% per period). However, it required trading in US dollars and exchanging cash for US dollars with designated merchants, which would then be transferred to his comrade's US dollar account, and then transferred to the company's account. On May 21, Ms. Zhang, following "Lin Hao"'s instructions, brought 1.47 million yuan in cash to a hotel in Wanbailin District to prepare for the exchange of US dollars. Under the guidance of the upper source, Chen...