On November 8, PANews reported that a man named Deng Gang (pseudonym), at the request of his nephew Deng Dawei (pseudonym), went to a designated location to collect payment for a virtual currency transaction, but encountered buyer Wang Qiang (pseudonym) who threatened him with a knife. Deng Gang was forced to notify Deng Dawei to transfer over 40,000 virtual coins to the other party... So, does the behavior of the suspect Wang Qiang constitute extortion or robbery?
On November 4, a reporter from (Legal Weekly) learned from the People's Procuratorate of Jianghan District, Wuhan City, Hubei Province, that the defendant Wang Qiang was sentenced to four years and eight months in prison for extortion and concealing or hiding criminal proceeds in the first instance. After the Jianghan District Procuratorate filed an appeal to a higher court, the second-instance court adopted the prosecutorial opinion and determined that Wang Qiang constituted robbery. For his robbery and concealing or hiding criminal proceeds, the court decided to consolidate the sentence to eleven years and six months in prison and imposed a fine; this ruling is final.