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Today's virtual currency case was decided according to the new regulations. Someone entrusted an intermediary to help invest in virtual currency, but the platform ran away.
The core points of the court's ruling:
- The intermediary did not take cuts, profit, or receive rebates, so they are not subject to criminal liability;
- All losses are borne entirely by the person who entrusted the investment.
Although the investment might have been a fund scheme, the court's ruling logic aligns with the situation in the crypto circle.