Techub News: According to Pengpai News, the Zhangqiu District Court in Jinan, Shandong disclosed a typical case: Liu delegated a friend Zhang to invest in "Alpha Coin." The platform displayed daily returns of hundreds of yuan, but subsequently the platform became inaccessible, and the person in charge was suspected of criminal activity and a case was filed. Liu sued demanding the return of investment funds. The court determined that delegated investment in virtual currency disrupts financial order and endangers financial security, rendering the delegation contract void. Zhang did not profit, and losses represent the inherent risks of illegal financial activities, which Liu must bear independently.

The judge reminded that both the 2017 announcement by seven departments and the 2021 notice by ten departments clearly specified that virtual currency-related business constitutes illegal financial activities, and investment losses are not protected by law. Even if conducted through a third party's operation, as long as one substantively participates in virtual currency transactions, such participation similarly receives no legal protection.