TechFlow, July 25 — According to China Youth Daily, Yunmeng County People's Procuratorate in Hubei Province recently concluded a major cryptocurrency fraud case. Suspects He and three others used an upstream trading platform equipped with a "backdoor" to illegally transfer cryptocurrencies staked by 103 investors through the "D Coin" exchange function, causing losses amounting to approximately 77.76 million RMB. The court sentenced He and others to fixed-term imprisonment ranging from thirteen years to three years, along with fines. He's appeal was rejected by the appellate court, which upheld the original verdict.
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