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VPN Trading Gains of 5 Million Seized: Survival in the Crypto Sphere Becomes Increasingly Difficult
Recently, a case involving virtual currency trading has sparked heated discussions in the crypto community. An investor, Zhang San, used a VPN to access an overseas Bitcoin trading platform and accumulated a profit of 5 million by buying low and selling high. However, these profits were deemed illegal by the police and confiscated. Additionally, Zhang San was fined 15,000 yuan, and his phone and computer were seized as tools of the crime.
Case Details
In August of this year, the police launched an investigation after receiving a tip-off. Based on Article 14 of the Interim Provisions on the Administration of International Networking of Computer Information Networks, Zhang San's use of a VPN was deemed illegal, and his profits from trading while using the VPN were classified as illegal gains and confiscated. This is not the first case of its kind; previously, a programmer was also found to have earned millions using a VPN for work, and his income was similarly classified as illegal gains and confiscated. The core issue in these cases is that "gaining profits through VPN" is considered a violation of relevant regulations.
Controversial Focus
There is ongoing debate regarding the handling of such cases. Although strict regulatory measures have been implemented for virtual currency trading domestically, it has not yet been explicitly defined as illegal. However, the police view the use of a VPN as unlawful and consequently consider the profits gained through this means as illegal as well.
Supporters' View: This practice helps to regulate the market and crack down on illegal activities.
Opponents' View: There is no necessary connection between the legality of using a VPN and virtual currency trading, and such determinations may be seen as excessive.
Potential Risks
Engaging in virtual currency trading domestically is already fraught with uncertainty, and participating through a VPN further increases legal risks:
Illegal VPN Use: According to current regulations, using a VPN to bypass restrictions without permission is illegal.
Profits from VPN Trading are Considered Illegal Gains: The police believe that all profits obtained during VPN use can be classified as illegal gains.
Devices and Funds May Be Confiscated: Electronic devices used for trading and funds may also be seen as items related to the case and confiscated.

For those working in the crypto sphere, it is crucial to operate more cautiously in the current strict regulatory environment. Understanding and adhering to laws and regulations is key to mitigating risks.

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