Dongyang Court launched the first round of funds return work involving 380 million yuan in digital currency fraud series

Odaily Planet Daily News Dongyang City People's Court issued the "Announcement on the return of stolen funds in the fraud case of Zhou Sheng, He Yan and others" on the WeChat public account. Verify the registration situation and carry out the first round of fund return work for the funds involved in the case that have been collected in place. The specific matters are announced as follows: The fund return registration work starts from the date of the announcement and lasts for one month. The object of return of stolen funds is to investors who have invested in fake digital currency platforms such as SIE (later renamed BTUE), CFEX, LKF, GDbit, etc. and have suffered overall losses. The amount of stolen goods returned this time is calculated based on the amount of damage and the funds that have already been collected, and a unified return ratio is determined. This time, the funds will be cleared and withdrawn through the method of WeChat official account release, link and scanning QR code to enter the APP registration information, and background review and confirmation. After passing the review, the payment will be completed with the assistance of Industrial and Commercial Bank of China Dongyang Sub-branch. It is reported that in August 2019, the Dongyang City Public Security Bureau opened a case for investigation on digital currency fraud platforms such as SIE, CFEX, LKF, and GDBIT, and the key members of the fraud group were successively arrested and brought to justice. The fraud group fictitiously engages in the development of blockchain technology, and develops a digital currency trading platform through a technical team to form a complete fraud industry chain. In September 2021, a series of digital currency fraud cases prosecuted by the Zhejiang Dongyang City Procuratorate were successively tried and sentenced, and a total of 171 defendants were sentenced. The series of cases involved more than 380 million yuan and thousands of victims.