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PANews
PANews|9月 06, 2025 13:39
[Wuxi Intermediate Court Discloses a Rejected 'Virtual Dollar' Case: An 80,000 Yuan Investment Can Only Be Redeemed for 0.1 Yuan] The official account of the Wuxi Intermediate People's Court disclosed a 'virtual dollar' case. The plaintiff entrusted another person to invest 84,350 yuan on a certain platform, converting it into 13,000 platform dollars. However, the platform suddenly collapsed, showing that the funds could only be redeemed for 0.1 yuan in RMB. Upon investigation, it was found that the plaintiff had entrusted another person to exchange the platform's virtual dollars, which was a decision made independently as part of their investment activity. Furthermore, the account and password for the platform were under the plaintiff's own control. In this case, the plaintiff did not complete the required registration procedures when investing on an overseas platform, and such investment activities are not protected under Chinese law. The corresponding investment risks must be borne by the plaintiff, and the court rejected the lawsuit.
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