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🇨🇳 BREAKING: A Wenzhou court has successfully liquidated stolen crypto assets via a licensed exchange and returned funds to victims — a milestone in China's efforts to tackle cybercrime involving digital assets.
In a 2022 case, a scammer used fake wallet apps to steal thousands of tokens (USDT, TRX, BNB) from 544 wallet addresses. After a complex coordination between police, courts, and regulatory bodies, over ¥50,000 worth of crypto was recovered and returned.
China is now actively developing legal frameworks for handling and disposing of crypto in criminal cases.
#CryptoCrime # China #Web3 # DigitalAssets #USDT # TRX #BNB