A courtroom in China has prosecuted a person who stole cryptocurrency from a good friend and cashed in additional than 1.6 million yuan from the crypto crime.
Lately, the Huli District Procuratorate of Xiamen, China, investigated the case and has filed a public prosecution in opposition to the accused, Chen, for the crime of theft. In keeping with Article 264 of the Prison Regulation, relying on the gravity of the theft, the offender might be sentenced to fixed-term imprisonment of greater than ten years or life imprisonment and shall be fined or have his property confiscated.
Man Steals Crypto Value 1.6 Million Yuan in China
In keeping with native media studies, again in September 2021, the defendant Chen met the sufferer Hong via a good friend’s introduction. At the moment, Hong had a robust curiosity in crypto funding, and Chen was fairly skilled in it. Hong then entrusted Chen to assist function the cryptocurrency funding and in addition offered his account quantity and login password.
In June 2022, Chen suffered losses whereas serving to his good friend put money into futures and was in debt, which inspired him to steal the crypto in Hong’s account.
On the finish of September 2022, Chen lied to Hong that his account was offline to come up with numerous verification codes from Hong. Later, Chen efficiently modified the account’s login password and changed the e-mail tackle certain to the account along with his personal.
After having access to Hong’s account, Chen repeatedly used the excuse of “account disconnection” to acquire Hong’s real-time verification code and continued to switch the digital foreign money in Hong’s account to his personal account. He then shortly bought the crypto for a revenue of greater than 1.6 million yuan, which he used to repay his private money owed.
In Might 2024, Chen determined to go to the general public safety bureau to give up and in truth confessed his crimes.
Additionally Learn: Three Males in China Jailed for Unlawful 30M Yuan Crypto Foreign exchange Alternate
A courtroom in China has prosecuted a person who stole cryptocurrency from a good friend and cashed in additional than 1.6 million yuan from the crypto crime.
Lately, the Huli District Procuratorate of Xiamen, China, investigated the case and has filed a public prosecution in opposition to the accused, Chen, for the crime of theft. In keeping with Article 264 of the Prison Regulation, relying on the gravity of the theft, the offender might be sentenced to fixed-term imprisonment of greater than ten years or life imprisonment and shall be fined or have his property confiscated.
Man Steals Crypto Value 1.6 Million Yuan in China
In keeping with native media studies, again in September 2021, the defendant Chen met the sufferer Hong via a good friend’s introduction. At the moment, Hong had a robust curiosity in crypto funding, and Chen was fairly skilled in it. Hong then entrusted Chen to assist function the cryptocurrency funding and in addition offered his account quantity and login password.
In June 2022, Chen suffered losses whereas serving to his good friend put money into futures and was in debt, which inspired him to steal the crypto in Hong’s account.
On the finish of September 2022, Chen lied to Hong that his account was offline to come up with numerous verification codes from Hong. Later, Chen efficiently modified the account’s login password and changed the e-mail tackle certain to the account along with his personal.
After having access to Hong’s account, Chen repeatedly used the excuse of “account disconnection” to acquire Hong’s real-time verification code and continued to switch the digital foreign money in Hong’s account to his personal account. He then shortly bought the crypto for a revenue of greater than 1.6 million yuan, which he used to repay his private money owed.
In Might 2024, Chen determined to go to the general public safety bureau to give up and in truth confessed his crimes.
Additionally Learn: Three Males in China Jailed for Unlawful 30M Yuan Crypto Foreign exchange Alternate
