💡Information

The Shanghai No. 1 Intermediate People's Court recently concluded a case of digital collectible fraud, with the main perpetrator Wang being sentenced to eight years and six months in prison and fined 550,000 yuan for illegally raising funds through a third-party blockchain company, with a huge amount involved. Judge Gu Pingzhou emphasized that digital collectible transfer platforms must verify their admission qualifications with regulatory authorities and obtain business licenses in accordance with the law.