• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

China Sets Legal Precedent with First Prosecution for Illegally Acquiring Digital Wallet Keys

user avatar

by Giorgi Kostiuk

2 years ago

  1. First Legal Precedent
  2. Xuhui Guidelines
  3. Guangqi X Space Initiative


    4. The Xuhui District of Shanghai marks a significant legal milestone with its first prosecution for the illegal acquisition of digital wallet keys, setting an important precedent for handling virtual currency crimes.

    First Legal Precedent

    The Xuhui District Procuratorate has announced China's first case involving the illegal acquisition of digital wallet private keys. Three individuals, including a man named Liu, were found guilty of conspiring to implant a backdoor in an application package containing digital wallets. Using this method, the criminals illegally obtained 27,622 mnemonics and 10,203 private keys.

    Xuhui Guidelines

    During the establishment ceremony of the Guangqi X Space initiative, the Xuhui District Procuratorate, in collaboration with the Xuhui District Public Security Bureau, introduced guidelines for the standardization of virtual currency disposal in criminal litigation.

    Guangqi X Space Initiative

    Guangqi X Space aims to tackle cybercrimes, focusing on artificial intelligence, blockchain, and digital assets. The creation of these guidelines is part of a broader strategy to combat new types of cybercrime.

    The case in Xuhui District sets a significant legal precedent in China that may influence future regulations regarding crimes involving virtual currencies and digital assets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bank of Canada to Finalize Stablecoin Regulations by 2027

chest

The Bank of Canada is expected to finalize stablecoin regulations by 2027, which is vital for Coinbase's operations and expansion in Canada.

user avatarMaria Gutierrez

Coinbase Aims to Transform into Comprehensive Financial App in Canada

chest

Coinbase Canada aims to transform into a comprehensive financial app, the Everything Exchange, integrating various financial services.

user avatarDavid Robinson

Payward and GTN Join Forces to Launch xStocks Globally

chest

Payward partners with GTN to expand xStocks globally, starting with Hong Kong-listed equities.

user avatarAndrew Smith

Odds of Crypto CLARITY Act Passing Drop Significantly

chest

Predictions for the passage of the Crypto CLARITY Act have dropped to 39% following the release of a new draft bill by Senate Republicans, reflecting uncertainty about the changes made.

user avatarJacob Williams

Grayscale Submits Form 8K for Solana Staking ETF with Cash Payouts

chest

Grayscale has filed a new Form 8K with the SEC for its Solana Staking ETF, allowing quarterly cash payouts of staking rewards to shareholders.

user avatarZainab Kamara

Arbitrum Foundation Proposes $43 Million Budget for 2027

chest

The Arbitrum Foundation has proposed a significant budget of $43 million for 2027 to support operational and growth initiatives, raising discussions on DAO funding strategies and questions about spending transparency.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.