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Shaanxi High Court releases typical case: A self-built virtual currency trading platform illegally absorbs public deposits

Shaanxi High Court releases typical case: A self-built virtual currency trading platform illegally absorbs public deposits

Cointime2024/11/01 06:22
By: Cointime

The Shaanxi High Court released a typical case of combating and rectifying illegal fund-raising crimes, pointing out that the defendants Shi and Zhu set up an office in Xi'an, used the self-built BRTR platform to issue and trade USDT, QC, and BRTR currencies, boasted about their company's strength to the public, fabricated the bright prospects of investing in virtual currency, and used the bait of guaranteed principal, high interest and the right to use luxury cars to attract public investment. According to the audit, as of the time of the incident, a total of 114 fund-raising participants reported the case, with a total amount of more than 6.34 million yuan raised, of which more than 5.16 million yuan had been returned. After trial, the court held that the defendants had absorbed funds from the public in disguised form by issuing and trading virtual currency, disrupting the financial order, and their behavior had constituted the crime of illegally absorbing public deposits, and sentenced them to four years in prison and a fine.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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