### Cryptocurrency Scam Exposed#

Recently, among the ten typical cases of 2024 released by the Chengdu Court, a case of "GUCS" virtual currency fundraising fraud and money laundering was disclosed, involving more than 29,000 participants and a total loss of over 1.7 billion yuan. The defendants, Wang, etc., through hyping the economic value and investment prospects of "GUCS" currency, developed downstream through headhunting, and were eventually sentenced to life imprisonment, deprived of political rights for life, and confiscated all personal property. The exposure of this case once again warns people that virtual currency investment carries huge risks, and investors should invest cautiously to avoid falling into scams. In addition, the case also disclosed a dispute case involving the sale and purchase of "mining machines" between a Singaporean company and a Sichuan real estate company, which eventually ruled that the Sichuan real estate company should return US$836,000 in payment already paid to the Singaporean company, as well as US$22,534 in freight and insurance fees. This case also reflects the complexity of the virtual currency-related industry chain and the necessity of perfecting relevant laws and regulations and strengthening supervision.