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Who is this unfortunate group member?
Zhang San used a VPN to bypass restrictions and made a profit by buying low and selling high in USDT. Since bypassing restrictions is illegal, the profits made during the trading were confiscated, and he was fined 15,000, with his phone and computer also confiscated as illegal tools. This case reminds us of a programmer last year who worked while bypassing restrictions, ultimately being fined for the illegal act of bypassing restrictions, and his earnings of over 1 million were confiscated. Some say that the nature of a programmer's work and trading is different; one is a work activity, while trading is illegal, or the risk is on the trader. However, currently, virtual currency trading is not illegal, so it is similar to the background of this case. If bypassing restrictions is illegal, and the profits from trading are deemed illegal gains, it would almost just need an announcement stating that trading while bypassing restrictions is not allowed; otherwise, the profits from trading will be confiscated. The key controversy in this case lies in whether the illegal proceeds from bypassing restrictions can be included under Article 14 of the 'Interim Regulations on the Administration of International Networking of Computer Information Networks', thereby recognizing profits from trading while bypassing restrictions as illegal gains, with a fine of 15,000 and confiscation of trading profits amounting to 90,000.
The profits from trading while bypassing restrictions were completely confiscated; it's too tragic.