法律红线

💥Post-00s college student sent dog coins to defraud 50,000 USDT and was sentenced to 4 and a half years and fined 30,000 yuan! 😱
Case background:

Person involved: Yang Qichao, a senior student who is about to graduate from a Zhejiang university.
Involved behavior: A virtual token called BFF (commonly known as "dog coins") was issued on BNBChain, suspected of committing fraud by withdrawing token liquidity.

Fraud process:

1. Adding liquidity: Yang Qichao added 300,000 USDT and 630,000 BFF liquidity.

2. Exchange operation: Luo spent 50,000 USDT to exchange 85,316.72 BFF in the same second.

3. Withdrawing liquidity: After just 24 seconds, Yang Qichao withdrew the liquidity of BFF, resulting in Luo only getting 21.6 USDT in return when he tried to exchange 81,043 BFF.

Legal consequences:

1. Report: Luo reported that he was defrauded of more than 300,000 yuan (converted to 50,000 USDT) by investing in virtual currency.
2. Arrest: The police filed a criminal case on suspicion of fraud and arrested Yang Qichao in Hangzhou, Zhejiang in November 2022.
3. Verdict: The People's Court of Nanyang High-tech Industrial Development Zone, Henan Province, found Yang Qichao guilty of fraud at first instance and sentenced him to 4 years and 6 months in prison and a fine of 30,000 yuan.

Defense and controversy

- Defense: Yang Qichao's defense lawyer defended him for innocence in the second instance, pointing out that virtual currency has a unique contract address, there is no "fake currency", and both parties are senior players and should be aware of the risks of currency speculation.

- Verdict: The court has determined that Yang Qichao's behavior constituted fraud at first instance and made a judgment in accordance with the law.

Case significance:

This case is the first criminal case in China to be brought to court due to the withdrawal of liquidity of virtual currency, which has aroused public attention to the risks of virtual currency transactions and legal supervision. Investors are reminded to raise their awareness of risks and invest cautiously when participating in virtual currency transactions to avoid unnecessary losses.
⚖️ Ignorance is fearless, but ignorance is guilty... Don't test the law! Stay rational and abide by the law!
#诈骗策略 #法律红线 #大学生的韭菜记录 #投资风险 #保持理智

🚨 Blood and Tears Warning: The Record of Card Rental Scams
🔥 Real Case

A man rented a "lifetime usable" bank card for 2000 yuan to transfer illegal funds. After transferring 2 million, the money was completely plundered within an hour! The scammer used a combination of [Super Online Banking + Fund App] to monitor in real-time and execute instant transfers, achieving a perfect harvest.
💥 Scam Dissection

❶ Binding two cards to different phone numbers, activating Super Online Banking monitoring

❷ Utilizing the high-limit feature of quick payments on fund platforms

❸ Setting up an automatic transfer agreement for delegated deductions

❹ ID photocopies are all forged information
⚖️ Fatal Traps

▫️ Renting cards = illegal! Article 287 of the Criminal Law clearly defines this

▫️ The "lifetime usage" rhetoric is actually a long line to catch big fish

▫️ Handling dirty money constitutes money laundering, which will be severely punished by law
⚠️ Life-Saving Guide

❌ Any form of renting or selling bank cards = criminal accomplice

❌ Anyone claiming to "clean money" are all scammers

❌ Report abnormal funds immediately; hesitation will lead to defeat
💰 Final Outcome

The victim lost all their money + a pair of silver bracelets

Although the scammer temporarily succeeded, the net of heaven will eventually catch them
#Scam Prevention Guide #法律红线

📢 Remember: Illegal shortcuts will lead to dead ends!