Wu said that according to Guangzhou Daily, a Guangdong court recently concluded a case of virtual currency fraud. The defendant, Jie, issued a virtual currency called "AA Chain" by establishing Company A, promising investors that the currency would be listed on the exchange and receive high returns. In May 2018, Jie promoted the listing and appreciation of "AA Coin" through the internet, and an investor invested 990000 yuan to purchase over 1.6 million AA Coins, but the tokens remained locked and could not be traded. The court found him guilty of fraud, with a particularly large amount involved, and sentenced him to 11 years in prison and a fine of 50000 yuan. The judgment has come into effect. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=38520