College Student Granted Probation in Second Instance of Virtual Currency "Withdrawing Liquidity" Case; Pleading Guilty and Accepting Punishment Becomes Turning Point in Outcome

TechFlow news, July 8, according to lawyer Liu Yang, a college student who was sentenced to 4 years and 6 months in prison in the first instance for profiting from issuing virtual currency and "rug pull" voluntarily pleaded guilty and accepted punishment during the second instance trial, and was finally granted a suspended sentence and released after the court session. The article points out through this case that in criminal defense, there is no absolute advantage or disadvantage between a defense of innocence and a defense for lighter punishment; the key lies in making specific judgments based on case evidence, judicial trends, and sentencing expectations. The author believes that pleading guilty and accepting punishment may be a more realistic litigation strategy in some cases.