ChainCatcher reported that according to The Paper, the Changsha Intermediate People's Court of Hunan Province released a typical environmental resource trial case involving virtual currency "mining".
The plaintiff Luo signed three contracts with the defendant Hunan company. The contracts stipulated that the defendant company would provide Luo with 5 servers for a total price of 1.65 million yuan. The defendant company promised that the "mining" income would not be lower than the average level of the entire network. If fines were caused due to technical problems, the company would bear the corresponding losses. After the contract was signed, Luo paid 1.65 million yuan in installments to Fan, the actual owner of the defendant Hunan company, as required by the contract. Later, Fan and his company never delivered server equipment and software systems to Luo, nor did they obtain any investment income promised by Fan and his company. Luo sued the court to terminate the contract and compensate for the losses.
The Tianxin District Court of Changsha City determined that the contract signed by the plaintiff and the defendant was invalid because it violated public order and good morals. The defendant company spent 60,000 yuan to rent a cabinet from a third-party company. Considering that both parties were at fault for the invalidity of the contract in question, the loss should be borne by each party for 30,000 yuan. The defendant Hunan Company had received 1.65 million yuan from the plaintiff and should return 1.62 million yuan to the plaintiff; the defendant Fan was jointly and severally liable for the payment obligations undertaken by the Hunan Company under his name; and Luo's other claims were rejected.
