Man sentenced to three years and ten months for buying and selling virtual currency

CoinDesk news, on April 29, according to reports from the web3 Radar public account, in November 2023, the defendant Xu XX came into contact with virtual currency through the internet and began to buy and sell U coins (USDT) to profit from the price difference.

From December 2023 to January 2024, knowing that Liu XX (already sentenced) was an overseas fraudster and that the funds used to purchase U coins were proceeds of fraud, Xu XX still used his mother's Alipay account to receive over 643,000 yuan transferred by Liu XX in order to seek illegal profits. He then used the aforementioned fraudulently obtained funds to purchase U coins and transferred them to the wallet address designated by Liu XX.

Recently, Xu XX was sentenced to three years and ten months in prison and fined 40,000 yuan for concealing and hiding criminal proceeds by the People's Procuratorate of Dingnan County. $ETH #内容挖矿 Follow me! Get more exciting content~