Wenzhou Court successfully disposed of the virtual currency involved in the case through a licensed trading platform and returned the funds to the victims

ChainCatcher news, according to Wenzhou Evening News, starting from December 2022, the defendant Liu illegally obtained 544 virtual currency addresses and keys through a counterfeit digital wallet program, transferring tens of thousands of virtual currencies from victims such as Yang, resulting in significant financial losses.

In order to find a reliable professional institution for disposal, Wang Zitai traveled back and forth between various relevant departments for several days, and finally contacted the Third Research Institute of the Ministry of Public Security through the Lucheng Public Security Bureau, entrusting it to select mature professional disposal institutions. When signing the entrustment agreement, he checked the terms one by one, clearly defining the rights and responsibilities regarding inspection, sale, and transfer. Ultimately, the liquidation was successfully completed relying on a licensed exchange, and after completing the relevant procedures and deducting handling fees, the liquidated funds were steadily transferred to the court's special account for the case through an independent account of the Ministry of Public Security. Over 6,000 USDT coins, over 2,700 TRX coins, and 0.8 BNB coins were converted into nearly 50,000 yuan.