Shanghai Procuratorate announced a "GDFC" virtual currency fraud case, with a total amount of RMB 35 million

Huobi HTX reported that a series of press conferences in Shanghai's procuratorial procuratorial conferences were held yesterday and reported relevant cases, which showed that crimes committed under the guise of technological innovation gradually emerged. In the new financial fraud cases that defrauded victims of money in the name of investing in and purchasing virtual currencies, the defendant Wu and others issued "air currency" GDFC, which was not of actual value during their operation of a Shanghai e-commerce company, defrauded victims of a total of more than RMB 35 million. The relevant money flowed into the personal accounts of the person involved in the case. Their behavior constituted the crime of fraud. At present, the Shanghai Minhang District Procuratorate has filed a public prosecution against him for fraud.