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

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

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.