Wuxi Intermediate Court disclosed a rejected case of "virtual dollars": an investment of 80,000 yuan now converts to 0.1 yuan for withdrawal

ChainCatcher news, the WeChat official account of the Wuxi Intermediate People's Court disclosed a case involving "virtual US dollars." The parties involved entrusted others to invest 84,350 yuan on a certain platform to exchange for 13,000 platform US dollars, but then the platform suddenly crashed, showing that it could only be converted to 0.1 yuan for withdrawal.

Upon investigation, it was found that the virtual US dollars the parties entrusted others to exchange were from a certain platform, which was an investment decision made by themselves. Moreover, the account number and password of the platform account were controlled by them. In this case, the parties did not follow the regulations to complete the corresponding registration procedures when investing on the overseas platform. This investment behavior is not protected by Chinese law, and the corresponding investment risks are borne by themselves. The court dismissed the lawsuit.