Shanghai court sentences five to six years for $29M crypto fraud
Covered by 3 sources · 3 articles
3 outlets - including Crypto-economy, Theblock and Cryptobriefing - are covering this story. Shanghai’s Jing’an District People’s Procuratorate said in a June 29, 2026 WeChat post that five people were sentenced over an illegal foreign exchange operation using cryptocurrency. Prison terms ranged from 2.5 years to six years, making…
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Shanghai Court Sentences Five in Crypto FX Case
Shanghai’s Jing’an District People’s Procuratorate said in a June 29, 2026 WeChat post that five people were sentenced over an illegal foreign exchange operation using cryptocurrency. Prison terms ranged from 2.5 years to six years, making…
Shanghai court sentences five to prison over $29 million crypto forex scheme
In July 2024, Chinese authorities discovered unusual transactions tied to a company that facilitated illegal overseas transfers via crypto.
Shanghai court sentences five to six years for $29M crypto fraud
The sentencing highlights China's stringent enforcement against crypto-related activities, potentially deterring future cross-border crypto operations. The post Shanghai court sentences five to six years for $29M crypto fraud appeared first…