### Cryptocurrency Scam Case Solved#

Among the ten typical cases released by the Chengdu Court in 2024, a case involving "GUCS" virtual currency fundraising fraud and money laundering was disclosed. The case involved over 29,000 participants and resulted in a total loss of over 1.7 billion yuan. Defendants Wang Moumou and others, by promoting the economic value and investment prospects of GUCS coins, developed a downline through headhunting, ultimately sentenced to life imprisonment, deprivation of political rights for life, and confiscation of all personal property. In this case, GUCS coins were publicly traded on two exchanges in April and June 2020, indicating that virtual currency fraud cases often use market hype and trading platforms to operate, creating a false illusion of prosperity for investors. In addition, the Chengdu Court also disclosed a case involving a contract dispute over the purchase and sale of "mining machines" between a Singaporean company and a Sichuan real estate company. This case involved the purchase and sale of Ethereum "mining machines" in virtual currency, ultimately ruling that the Sichuan real estate company should return the payment and shipping fees paid by the Singaporean company. The disclosure of these two cases reminds investors to be wary of the risks of virtual currency investment and to pay attention to the legal risks involved in contract signing and performance.