Shanghai Court Sentences Five in Cross-Border Virtual Currency Exchange Case Involving Over 200 Million Yuan

A Shanghai court has sentenced five people, including a defendant surnamed Li, in a cross-border illegal virtual currency exchange case involving more than 200 million yuan. According to NS3.AI, the court handed down prison terms ranging from six years to two years and six months. The case was described as involving cross-border virtual currency exchanges deemed illegal by authorities. No further details about the transactions or the individuals were provided.