### 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, promoted the economic value and investment prospects of GUCS coins and developed a network of downlines through recruitment. They were ultimately sentenced to life imprisonment, deprived of political rights for life, and had all their personal property confiscated. This case reflects the court's firm stance against virtual currency fraud cases and also reminds investors to be wary of the risks of virtual currency investment 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. This case reflects the complexity of disputes over virtual currency "mining machine" purchase contracts and also reminds relevant companies to carefully choose their trading partners and ensure that contracts are properly signed and performed when engaging in virtual currency-related transactions, in order to avoid economic losses.