[A virtual currency investor in Changzhou was sentenced to 11 years in prison for defrauding a huge amount of money to raise capital] Golden Finance reported that according to the Changzhou Economic Development Zone Procuratorate official account, an employee of a company in Changzhou was addicted to speculating in virtual currency after coming into contact with a virtual currency called KK coin. In order to raise capital, he made up reasons to defraud more than 1.97 million yuan from 16 colleagues, which was used for the sale of virtual currency on online gambling platforms. The Changzhou Economic Development Zone Procuratorate filed a public prosecution. On September 9, 2024, the court sentenced the defendant Zhang to eleven years in prison for fraud and a fine of RMB 300,000.