Post-00s college students issued coins, defrauded 50,000 U, and were arrested

The young "post-00s" genius Yang Qichao, as a college student about to graduate from a certain university in Zhejiang, lost his way in the wave of digital currency. He aimed at the opportunity on BNBChain and intended to issue BFF tokens called "Tugou Coin" to create waves in the virtual currency market. However, his ambition eventually turned into a tragedy.

The police quickly intervened in the investigation and filed a case against Yang Qichao on suspicion of fraud. After careful investigation and evidence collection, the police arrested Yang Qichao in Hangzhou, Zhejiang in November of that year. After the first instance trial by the People's Court of Nanyang High-tech Industrial Development Zone, Henan Province, Yang Qichao was found guilty of fraud and sentenced to 4 years and 6 months in prison and a fine of 30,000 yuan.

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