Fuzhou Court Upholds Sentence for Bitcoin Theft

A court in Fuzhou has confirmed a prison sentence of 12 years and 7 months, along with a fine of 300,000 yuan, for an individual convicted of stealing four Bitcoins. The defendant, Lin, was found guilty of stealing Bitcoin private key data from Wang, resulting in an illegal profit of approximately 900,000 yuan. According to NS3.AI, the procuratorate argued that Bitcoin can be considered property under criminal law, even though it does not have the status of legal tender in China.