According to BlockBeats, on January 1, the Fujian High Court's official account announced typical cases of combating and managing new types of telecom network crimes. Among them, the Longyan City Court tried a major cross-border telecom network fraud case in accordance with the law. The public security organs seized cash involved in the case and a large number of houses, cars, gold, expensive watches, virtual currencies, etc. with a value of nearly 200 million yuan; the court has sentenced the case to a total fine of more than 51.67 million yuan, and has increased the enforcement of property. A total of 69.2158 million yuan in fines, refunds, confiscations and other property judgments have been executed.
In addition, in another telecommunications network fraud case, the defendant engaged in telecommunications network fraud activities targeting foreigners overseas who invested in Bitcoin, defrauding victims in the United States, Singapore and other countries of their property. It has been verified that the victims were defrauded of a total of more than RMB 7.13 million.