Scan to download
BTC $61,810.54 +1.47%
ETH $1,623.93 +3.88%
BNB $590.35 +2.41%
XRP $1.12 +2.03%
SOL $64.83 +3.26%
TRX $0.3281 +2.26%
DOGE $0.0843 +2.47%
ADA $0.1621 +0.73%
BCH $225.18 +2.75%
LINK $7.75 +4.50%
HYPE $58.67 -0.05%
AAVE $63.01 +3.20%
SUI $0.7453 +3.03%
XLM $0.2044 +0.59%
ZEC $428.00 +21.90%
BTC $61,810.54 +1.47%
ETH $1,623.93 +3.88%
BNB $590.35 +2.41%
XRP $1.12 +2.03%
SOL $64.83 +3.26%
TRX $0.3281 +2.26%
DOGE $0.0843 +2.47%
ADA $0.1621 +0.73%
BCH $225.18 +2.75%
LINK $7.75 +4.50%
HYPE $58.67 -0.05%
AAVE $63.01 +3.20%
SUI $0.7453 +3.03%
XLM $0.2044 +0.59%
ZEC $428.00 +21.90%

ngd

The Qingdao procuratorate clarifies the property nature of virtual currency in a case involving the theft of 107 bitcoins

According to Shandong Legal News, a Bitcoin theft case prosecuted by the Li Cang District Prosecutor's Office in Qingdao has been sentenced. The defendant, Zhang, was sentenced to 10 years and 9 months in prison for theft and fined 100,000 yuan.In the early hours of a certain day in 2024, the virtual currency wallet of the victim, Feng, was quietly accessed, and 107 Bitcoins were transferred, equivalent to over 22.54 million yuan at the market price on that day. It was found that Feng had entrusted an acquaintance, Zhang, to assist with the operation. During the process of registering the wallet on behalf of Feng, Zhang obtained the mnemonic phrase, and after multiple attempts in the early morning, he cracked the wallet and transferred the Bitcoins. After being apprehended, Zhang claimed that his actions were a "protective takeover" to prevent the Bitcoins from being stolen by others. The prosecution traced the funds and found that the stolen Bitcoins were transferred multiple times and exchanged for over 660,000 yuan, exposing his lies.The prosecution determined that Bitcoin has economic value and exclusive control, meeting the core characteristics of "property" in criminal law, and can be the object of theft. The actual proceeds from the sale of the stolen Bitcoins, amounting to over 660,000 yuan, were used as the basis for the theft amount. After the defendant appealed, in November 2025, the Qingdao Intermediate People's Court ruled to dismiss the appeal and upheld the original sentence. This case is a typical example of Qingdao's legal punishment of crimes in the virtual currency field, clearly conveying the judicial stance: activities related to virtual currency must be conducted within the legal framework, and stealing others' virtual property also constitutes a crime.

A man in Qingdao, China, was sentenced to 10 years and 9 months for stealing 107 BTC while "helping an acquaintance register a wallet."

Recently, the People's Procuratorate of Licang District, Qingdao City, Shandong Province, China, handled a Bitcoin theft case. The defendant, Zhang, obtained the mnemonic phrase while assisting an acquaintance in registering a virtual currency wallet, and later transferred 107 BTC in multiple transactions, equivalent to over 50 million yuan at current market prices. Zhang argued that his actions were a "protective takeover," but the prosecution found that he transferred the stolen BTC through multiple trading platforms and exchanged it for over 660,000 yuan. The Licang District Court sentenced Zhang to 10 years and 9 months in prison for theft and imposed a fine of 100,000 yuan; the second instance upheld the original judgment.Reports indicate that the prosecutor handling the case strictly adhered to laws and judicial policies, and after in-depth analysis, concluded that although China's regulatory policies deny the legal currency status of virtual currencies, they do not negate their property attributes, nor do they prohibit citizens from legally holding and circulating them. Bitcoin requires investment in computing power, funds, and other costs to acquire, which gives it economic value; rights holders can achieve exclusive control and management through private keys and mnemonic phrases, aligning with the core characteristics of "property" in criminal law, making it a target for theft. In determining the amount, since virtual currencies have no official pricing, the Licang District Procuratorate discarded market price estimates and used the actual proceeds from the crime of over 660,000 yuan as the amount for theft, ensuring accurate conviction, appropriate sentencing, and unity of guilt and punishment.

Ningde Times is planning to participate in DeepSeek's financing

Two informed sources revealed that CATL plans to participate in the financing activities of the domestic artificial intelligence company DeepSeek. DeepSeek's first round of financing aims for approximately 50 billion yuan, which may be completed as early as next month, and after the transaction, the company's valuation may exceed 350 billion yuan. JD.com and NetEase have also been reported to be in talks to invest, but the final investors and amounts may still be adjusted.In recent years, CATL has been accelerating its layout in the AI data center infrastructure business. In addition to power batteries, it also provides backup power batteries and energy storage systems for data centers. Earlier this month, a CATL affiliate invested $942 million in GDS Holdings and invested in the power supply system manufacturer Zhongheng Electric.Reports indicate that DeepSeek has built its own data center in Inner Mongolia and is currently recruiting data center operations and maintenance personnel in Inner Mongolia. Due to the rapid growth in AI computing power demand, the demand for energy storage and stable power supply in data centers has also increased, allowing CATL to further enter the AI infrastructure track.Previous reports stated that DeepSeek's current round of financing has attracted attention from several Chinese capital sources, including the national AI investment fund and technology giants. DeepSeek has not yet achieved large-scale revenue, but its low-cost open-source model has already created competitive pressure on companies like OpenAI and Anthropic.
app_icon
ChainCatcher Building the Web3 world with innovations.