Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
U.S. Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Rewards

Man in Qingdao Sentenced to 10 Years 9 Months for Stealing 107 BTC While Setting Up Wallet on May 31

GateNews
Enforcement ActionsSecurity Incidents
BTC0.4%
According to BlockBeats, on May 31, a man named Zhang Moumou in Qingdao, China was sentenced to 10 years and 9 months for stealing 107 Bitcoin while assisting an acquaintance to register a virtual currency wallet. Zhang obtained the wallet's seed phrase and transferred the BTC through multiple exchanges, cashing out approximately 660,000 yuan. At current market prices, the 107 BTC exceed 50 million yuan. The court found that despite China's regulatory policies denying cryptocurrency's status as legal tender, they do not negate its property nature, and Bitcoin qualifies as "property" under criminal law and can be the object of theft. For valuation, the prosecution used the actual proceeds from selling the stolen funds (660,000 yuan) rather than market price estimates.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

6h ago
Chinese Businessman Kidnapped in Cambodia, Killed After $2M Cryptocurrency Ransom Demand Rejected
05-30 01:49
France Traces €1.7M Crypto Ransom to Cross-Border Money Laundering Network Involving Venezuela on May 30
05-30 00:16
U.S. Official Bessent Says $1 Billion in Iranian Cryptocurrency Has Been Impounded
05-29 18:36
Anonymous User Inscribes Full U.S. Constitution on Bitcoin Blockchain for $83.41
05-29 04:49
Chinese Hacker Sentenced to 4 Years for Controlling 157 Government Websites, Used USDT to Launder 42 Million Yuan
In-Depth Analysis

Celsius Founder Alex Mashinsky Seeks to Vacate 12-Year Fraud Sentence

Ethan Brooks11h ago

Former Celsius CEO Alex Mashinsky Moves to Challenge 12-Year Prison Sentence

CryptoMeter io05-30 04:17

Celsius Founder Alex Mashinsky Seeks to Vacate 12-Year Fraud Sentence

Ethan Brooks05-29 20:33
Comment
0/400
No comments