🚨 The Prosecution Daily in China reports an investigation into a 120 million yuan virtual currency multi-level fraud case in Sichuan County, Henan Province. The local court sentences the suspect, Mr. Wang, to 5 years and 9 months in prison and imposes a fine of 500,000 yuan. Mr. Wang was responsible for creating the 'Hongnu Decentralized Exchange' website and issuing NB Coins. ⚖️💰 #CryptoFraud #LegalAction