A group of 6 people in Hebei were sentenced to more than 10 years in prison for off-site robbery of a cryptocurrency trader. For 400,000 USDT, several individuals risked their entire lives.
This case actually highlights an important issue. Many retail investors believe that virtual assets are invalid under civil law and therefore no one cares, but they don't realize these are two different matters. Although the 9.24 announcement explicitly states that personal transactions of virtual currencies are not protected in civil relations, this does not mean there is a legal vacuum at the criminal law level.
Crimes like robbery and fraud involve criminal law, and virtual assets are equally protected. Not understanding this distinction can lead to very serious consequences. Six people, for 400,000 USDT, all ended up in jail. This lesson is worth pondering for everyone active on the blockchain.
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MerkleMaid
· 1h ago
400,000 USDT sends 6 people in, what's the point of that?
Too many people confuse civil law and criminal law, and they'll realize too late when it's too late.
The coin snatching business is truly outrageous, now it's settled—serving ten years in prison.
The longer you're involved on the blockchain, the more you feel like you're outside the law, but it turns out you all have to go in.
Is USDT worth this price? Not really, brother.
This incident is a wake-up call; virtual assets are still protected by law, don't get it wrong.
A typical operation of fools with too much money, 6 people working together to self-destruct.
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AirdropDreamBreaker
· 1h ago
Haha, risking ten years for 400,000 USDT isn't very cost-effective.
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Criminal and civil law must be distinguished clearly, or you'll get exploited and end up in prison.
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Six people, how many years in total? The cost is too high, brother.
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Still don't understand after 9.24? It's time to learn your lesson, everyone.
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400,000 USDT worth ten years of youth? Everyone on the chain, take a look, don't think about lawless acts.
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GweiWatcher
· 1h ago
400,000 USDT risking 6 lives, this odds are just too outrageous
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Civil law invalid ≠ Criminal law vacuum, too many people are confused, those who should go in still have to go in
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That's why I say the biggest fear in the crypto world isn't falling, but people who don't understand the law
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Every crypto trader is trying to get rich overnight, ending up in the night, haha
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Now I realize that virtual assets lack civil protection, and the criminal defense is fully armed
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6 people exchanging 10 years of youth for 400,000 USDT, I really don't understand this deal
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No wonder people always say the crypto market is risky, maybe people are risking their lives too
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The point that civil law ≠ criminal law, many are still confused, it's time for a lesson
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Over-the-counter trading is inherently risky, and yet some still insist on抢, how stupid can you be
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DecentralizedElder
· 1h ago
Oh my, risking 10 years+ for just 400,000 USDT, how clueless can you be?
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Confusing civil law and criminal law, no wonder you got arrested.
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Honestly, the people in the crypto circle love to find loopholes. Instead of exploiting them, they end up in jail.
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Six people all going in together, this deal isn't worth it, everyone.
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After 9.24, still thinking virtual assets are outside the law? Wake up, wake up.
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Robbery is robbery, whether it's coins or not. Criminal law won't let you off just because you played a borderline game.
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This is a bloody lesson. How many people have to pay tuition fees before they understand?
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Exchanging 400,000 USDT for 10 years of youth, I really can't understand this calculation.
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That little thing outside the crypto market, thinking no one is watching?
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BlockchainTherapist
· 1h ago
400,000 U just rush in, really outrageous. These guys probably jumped in without understanding the game rules.
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MetaverseVagabond
· 2h ago
Oh no, this is a classic thinking trap of "civil vacuum = criminal vacuum."
40 million USDT directly cost ten years of youth, truly incredible.
Civil law doesn't mean police won't intervene; this point must be clear.
These guys didn't understand the rules and played recklessly, now they're all in.
On-chain activity really needs to be more cautious; don't treat civil immunity as a talisman.
Ten years of life just gone like that, what's the point?
The risks of off-market trading are so high, yet some still take the risk, which shows the profits are indeed tempting.
But even if you earn more, you have to live to spend it, right?
This case is a warning to all crypto traders; OTC trading must also be cautious.
Robbery is robbery; USDT is also money. Why do some think virtual currencies are above the law?
It's really shooting oneself in the foot—six lives lost.
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WhaleStalker
· 2h ago
Is 400,000 USDT worth it, brother? Is it worth risking your youth?
A group of 6 people in Hebei were sentenced to more than 10 years in prison for off-site robbery of a cryptocurrency trader. For 400,000 USDT, several individuals risked their entire lives.
This case actually highlights an important issue. Many retail investors believe that virtual assets are invalid under civil law and therefore no one cares, but they don't realize these are two different matters. Although the 9.24 announcement explicitly states that personal transactions of virtual currencies are not protected in civil relations, this does not mean there is a legal vacuum at the criminal law level.
Crimes like robbery and fraud involve criminal law, and virtual assets are equally protected. Not understanding this distinction can lead to very serious consequences. Six people, for 400,000 USDT, all ended up in jail. This lesson is worth pondering for everyone active on the blockchain.