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Wuxi Intermediate Court disclosed a rejected case involving "virtual dollars": an investment of 80,000 yuan is now worth 0.1 yuan for withdrawal

Sep 06, 2025 21:52:36

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ChainCatcher message, the WeChat public account of the Wuxi Intermediate People's Court disclosed a case of "virtual US dollars." The party entrusted someone else to invest 84,350 yuan on a certain platform to exchange for 13,000 platform US dollars, but then the platform suddenly crashed, showing that it could only be converted to 0.1 yuan for withdrawal.

Upon investigation, it was found that the party entrusted someone else to exchange virtual US dollars on a certain platform, which was an investment decision made independently by them. Moreover, the account number and password of the platform were controlled by them. In this case, the party did not follow the regulations to complete the necessary registration procedures when investing on an overseas platform. This investment behavior is not protected by Chinese law, and the corresponding investment risks are borne by themselves. The court rejected the lawsuit request.

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