### Cryptocurrency Fraud Case Verdict#

Among the top ten typical cases released by Chengdu Court in 2024, a "GUCS" virtual currency fundraising fraud and money laundering case was disclosed. The case involved over 29,000 participants and resulted in a total loss of over 1.7 billion yuan. The defendants, including Wang, used the "GUCS" virtual currency and its associated software "Wa11et Pro" APP to extensively promote the economic value and investment prospects of GUCS coins in Chengdu, Deyang, Meishan and other places. They developed a network of downlines through pyramid schemes and were ultimately sentenced to life imprisonment, deprived of political rights for life, and had all their personal property confiscated. The verdict of this case once again warns people that virtual currency investment carries huge risks. Investors should invest cautiously and avoid falling into scams. In addition, the case also disclosed a dispute over a "mining machine" purchase contract between a Singaporean company and a Sichuan real estate company. The court ultimately ruled that the Sichuan real estate company should return the US$836,000 already paid by the Singaporean company, as well as the freight and insurance fees of US$22,534, and dismissed the Singaporean company's other claims.