🎉 Hello everyone! Today we are going to talk about a very interesting blockchain story, involving the "Typical Cases of Foreign-Related Commercial Trials in Jiangsu Courts in 2023" recently released by the Jiangsu Higher People's Court. This case has not only attracted widespread attention, but also provided us with a lot of room for thinking. Let's take a look together!

First of all, the protagonists of the story are Tian and Pan, who signed a "Cooperation Agreement" to jointly operate a virtual currency investment project called "MFA Blockchain Project". Pan successively transferred 15.74 million yuan to Tian and third parties to purchase the MFA virtual currency agreed in the agreement. Tian also transferred 10.6 million yuan to Pan.

However, things did not develop as expected. Tian claimed that MEXC (Singapore trading platform) offline MFA/USDT spot trading in September 2020, causing their virtual accounts to be locked and unable to trade, and all investments were lost. As a result, Pan filed a lawsuit, demanding that Tian return the remaining amount and pay interest.

When hearing the case, the Intermediate People's Court of Yancheng City held that virtual currency transactions were invalid, and therefore rejected Pan's lawsuit. Pan was dissatisfied with the judgment and filed an appeal. However, the Jiangsu Provincial Higher People's Court held in the second instance that overseas virtual currency exchanges providing services to residents in my country through the Internet also constituted illegal financial activities, and the relevant civil legal acts were invalid, and the losses caused by them needed to be borne by themselves. Therefore, the second instance court upheld the original judgment and rejected the appeal.

What enlightenment does this case bring us? First, although virtual currency investment seems to have broad prospects, it is also full of risks and uncertainties. Secondly, the law has a very clear attitude towards virtual currency transactions, and illegal financial activities will not be protected by law. Therefore, investors must be cautious when conducting virtual currency transactions to ensure that their investment behavior is legal and compliant.

What do you think of this case? Do you think virtual currency investment is worth the risk? Welcome to share your views and opinions in the comment area! Let's discuss and make progress together!