Loudi Intermediate People's Court: A fraud studio used a fake digital currency platform to defraud victims of more than 1 million yuan

The Loudi Intermediate People's Court released a typical case of telecommunications network fraud and related crimes, in which it was revealed that criminals set up a fraud studio to lure victims into purchasing virtual currency on the exchange, and then recharge the virtual currency to the Hconex platform to defraud customers of their money. The fraud studio manipulated and modified the profit and loss of the virtual digital currency through the backend system, resulting in a complete loss of the victim's recharge amount and defrauding customers of their money. Since its establishment, it has defrauded victims of property equivalent to more than 1 million yuan. The court believes that all the individuals involved have committed fraud and have been sentenced to imprisonment ranging from seven years and six months to eleven years and six months, as well as fines. The illegal gains will be recovered in accordance with the law.