If RMB is transferred to someone by mistake, it can be recovered by contacting the trading platform or other financial channels or legal means. So can virtual currency be recovered by mistake? It was learned from the Jiangxia District Court that the court had just accepted a dispute caused by the mistaken transfer of virtual currency.

Mr. Wang from Jiangxia District, Wuhan, is in his early 40s. A few years ago, he met Ms. Li from Guangdong through the Internet. Ms. Li is over 60 years old and started "mining" TBCC coins (an encrypted virtual currency similar to Bitcoin) very early.

"I learned how to mine TBCC coins from her, and she also taught me the details of mobile phone operations." Mr. Wang said that they bought virtual currency on a platform called "XT Exchange" and often exchanged experiences online on weekdays.

One day, when Ms. Li was about to transfer coins to someone else, she made a mistake and transferred 23,522 coins to Mr. Wang. After Ms. Li found out, she immediately asked Mr. Wang to return the virtual currency that was mistakenly transferred.

After negotiation, Mr. Wang only returned 11,000 TBCC coins. In order to get back the remaining virtual currency, Ms. Li filed a lawsuit with the Jiangxia District Court of Wuhan, demanding that Mr. Wang return the remaining 12,522 TBCC coins.

Before the trial, the presiding judge contacted Mr. Wang to serve him a subpoena. Mr. Wang was very emotional. He said that he followed her to "mine" TBCC coins last year. When he bought them, they were 3 yuan each. Now they are less than 1 yuan. "I have lost a lot of money and I can't afford to pay it back."

Mr. Wang also revealed that many of his relatives and friends also bought the coin and suffered heavy losses. In order to "mine", he took out a loan at the time, which resulted in him still having a lot of bank loans to repay and his credit card being overdue.

Ms. Li disagreed with Mr. Wang's statement. She said that this kind of business is bound to have gains and losses. It is normal to make money, but you have to be able to bear the losses. Over the years, she taught him how to trade and how to operate, but there was never a creditor-debtor relationship. "It was because I helped him that I saved his account in my phone, and I accidentally transferred money to the wrong person."

In September 2021, the People's Bank of China, the Cyberspace Administration of China, the Supreme People's Court, and others issued the "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Transaction Speculation", which clarified that virtual currency does not have the same legal status as legal currency, is not legal tender, and there are legal risks in participating in virtual currency investment and trading activities.

The presiding judge stated that the subject matter of this case, TBCC coin, is a virtual currency invented based on blockchain technology, and its transfer behavior is irreversible. Unless Mr. Wang voluntarily returns the virtual currency to Ms. Li and performs corresponding operations, it cannot be enforced through compulsory measures.

Considering that Mr. Wang did not explicitly refuse to return the virtual currency during the conversation, and Ms. Li also negotiated with Mr. Wang on a plan to return the virtual currency before filing the lawsuit, the judge believed that there was a certain basis for mediation in this case.

Because Ms. Li was out of town, the judge mediated the case remotely. Recently, under the mediation of Jiangxia District Court, Mr. Wang returned 7,500 virtual currencies to Ms. Li and paid half of the litigation costs, and Ms. Li withdrew the lawsuit.

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