BlockBeats reported that on January 1, the Fujian High Court's public account announced typical cases of combating new types of telecommunications network crimes, including a major cross-border telecommunications network fraud case legally heard by the Longyan City court. The public security authorities seized cash involved in the case and a large number of properties, including houses, cars, gold, luxury watches, and virtual currencies, with a total value of nearly 200 million yuan; the court has ruled that the total amount of fines imposed in the case is over 51.67 million yuan, and has increased the enforcement of property, with fines, compensation, confiscation, and other property judgments executed totaling 69.2158 million yuan.
Additionally, in another telecommunications network fraud case, the defendant engaged in telecommunications network fraud activities targeting foreign investors in Bitcoin, defrauding victims from countries such as the United States and Singapore of their property, with confirmed losses totaling over 7.13 million yuan.