🚨🚨🚨Henan's first case of post-00 college students issuing virtual currency involving criminal charges
🤔🤔🤔Withdrawing LP liquidity pool, causing losses in currency speculation, is it a fraud?
"Post-00" college student Yang Qichao issued a virtual currency referred to as BFF on an overseas public chain, and was jailed for withdrawing the LP liquidity pool.
On February 20, 2024, the People's Court of Nanyang High-tech Industrial Development Zone, Henan Province, found Yang Qichao guilty of fraud at the first instance, sentenced him to 4 years and 6 months in prison, and fined him 30,000 yuan.
The procuratorate accused him of issuing fake virtual currency. After others were misled to recharge 50,000 USDT coins, Yang Qichao quickly "withdrew his capital", causing others to lose 50,000 USDT coins, and his behavior constituted fraud.
😅😅Yang Qichao said, "I just gave back some of the cuts that others made to me. I was cut a lot."
Chain Prison Comment: Brother, you have such knowledge at such a young age, that's amazing, you will have unlimited potential when you grow up
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