BlockBeats reports that on August 8, according to the Wenzhou Evening News, starting in December 2022, the defendant Liu illegally obtained 544 virtual currency addresses and keys through a counterfeit digital wallet program, transferring tens of thousands of virtual currencies from victims including Yang, resulting in significant property losses.
In order to find a reliable professional institution for disposal, Wang Zitai traveled back and forth between various relevant departments for several days. He finally contacted the Third Research Institute of the Ministry of Public Security through the Lucheng Public Security Bureau and entrusted them to select a mature professional disposal organization. When signing the trust agreement, he meticulously verified each clause, clarifying rights and responsibilities regarding testing, selling, and transferring. Ultimately, the liquidation was successfully completed relying on a licensed exchange. After completing the relevant procedures and deducting the handling fees, the liquidated funds were steadily transferred to the court's special account for the case from the Ministry of Public Security's independent account. Over 6,000 USDT coins, more than 2,700 TRX coins, and 0.8 BNB coins were converted into nearly 50,000 yuan.
In today's world where internet-related crimes are on the rise, the court is striving to explore new methods for the disposal of virtual currencies," said Wang Zitai. "This successful disposal aligns with the spirit of Article 23 of the recent guidelines issued by the Supreme Court regarding the standardization of the execution of asset-related parts of criminal judgments, and it also benefits from the collaborative efforts of multiple departments, accumulating experience for the cross-domain disposal of new types of assets."
