🚨【Breaking news! College students are sentenced for issuing virtual currency】
Post-00 college student Yang Qichao issued virtual currency BFF on an overseas public chain and withdrew the LP liquidity pool during the operation, which resulted in serious legal consequences.
On February 20, 2024, the People's Court of Nanyang High-tech Industrial Development Zone, Henan Province, sentenced Yang Qichao to 4 years and 6 months in prison for fraud and fined him 30,000 yuan.
The details of the case pointed out that Yang Qichao attracted others to participate by issuing virtual currency, and caused the victim to recharge 50,000 USDT after mistrust. Subsequently, Yang Qichao quickly withdrew the liquidity, causing losses to the victim, constituting fraud.
Yang Qichao argued: "I just took back the money that others cut off from me, and I was also cut off."
What do you think about this? How should we respond more rationally to the potential risks in the cryptocurrency market?
In addition, there are reports that the Ethereum chain may be about to usher in an explosion! So, how to choose the chips and seize this opportunity? You can pay attention to Musk's concept of Marvin the Martian Dog (7055), which has been continuously promoted by the team. There is an independent charity fund behind the project, and it has received the lead investment from Crypto Labs.