### 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 losses of over 1.7 billion yuan. The defendants, including Wang, promoted the economic value and investment prospects of GUCS coins and developed downstream participants through pyramid schemes. They were ultimately sentenced to life imprisonment, deprived of political rights for life, and had all their personal property confiscated. The verdict serves as a reminder that virtual currency investment carries significant risks, and investors should invest cautiously to avoid falling into scams.In addition, the case also involved 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. The verdict also reflects the legal risks present in the virtual currency industry. Investors should be aware of relevant laws and regulations when investing in virtual currencies to avoid disputes.