Ezhou Court successfully concluded two virtual currency online fraud cases, 30,000 people were cheated of 460 million yuan

PANews reported on March 28 that according to the official account of Ezhou Intermediate People's Court, the Ezhou Court recently successfully concluded two virtual currency network fraud cases. A fraud gang composed of 34 defendants carefully planned and implemented fraud with the help of a new virtual currency trading platform. Nearly 30,000 people were cheated in just one year, with the amount involved in the case of 460 million yuan. It is reported that the fraud gang set up the "OURBIT Digital Currency Trading Platform" (OBit Platform), claiming to the public that "Singapore Registration" and other gimmicks, referring to the transaction price of the Bitcoin market, forging the transaction K-line chart, and fictitious 9 virtual currency trading falsehoods.

After trial, the court determined that the amount involved was particularly huge, and the defendants' actions constituted the crime of fraud. They sentenced 34 defendants to fixed-term imprisonment ranging from three to twelve years and fined according to law. Given the large number of people involved and the complexity of the case, the court has heard the case separately, and the judgments have now taken effect.