• 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

David Schwartz Issues Urgent Warning About Rising XRP Scams

chest

David Schwartz, former CTO of Ripple, warns XRP users about a surge in scams targeting them, particularly through fake airdrops and giveaways.

user avatarKofi Adjeman

Ethereum Price Recovery Attempts Amidst Resistance Levels

chest

Ethereum price is attempting to recover above key support and resistance levels, facing challenges at 2,320.

user avatarNguyen Van Long

Clarity Act Debate Intensifies Concerns Over XRP and RLUSD

chest

The controversy surrounding Ripple and RLUSD is linked to the Clarity Act and digital asset legislation in the U.S.

user avatarSatoshi Nakamura

Ripple, XRP, and RLUSD Face Banking Industry Opposition

chest

A controversy has emerged as crypto commentator Pumpius claims that major banking groups are lobbying against legislation that could strengthen Ripple's stablecoin ecosystem, raising concerns about the impact on traditional bank deposits.

user avatarJesper Sørensen

Ric Edelman Proposes New 80/20 Investment Strategy for Retirement

chest

Ric Edelman proposes a new 80/20 investment strategy for retirement, emphasizing the importance of keeping 80% in equities and growth assets, including at least 10% in cryptocurrencies.

user avatarRajesh Kumar

Ric Edelman Predicts Bitcoin Could Surpass $150,000

chest

Financial adviser Ric Edelman predicts Bitcoin could exceed $150,000 by the end of 2026, driven by institutional investment and regulatory changes.

user avatarLucas Weissmann

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.