the Shanghai procuratorate held a series of news conferences yesterday and reported relevant cases. Among them, it was shown that crimes committed under the guise of technological innovation, such as virtual currency and digital collectibles, are gradually emerging. In a new type of financial fraud case in which victims were deceived into investing in virtual currency, the defendant Wu and others, during the operation of a certain e-commerce company in Shanghai, fraudulently obtained a total of more than 35 million yuan from victims by issuing their own "air currency" GDFC, which has no actual value. The related funds flowed into the personal accounts of the persons involved in the case. Their actions constitute the crime of fraud. At present, the Minhang District Procuratorate in Shanghai has filed a public prosecution against them for the crime of fraud.
