According to Jiayu Public Security, on December 5, Jiayu Public Security issued an announcement to find the original owner of a virtual currency involved in an extortion case. There are about 1.9 million USDT coins in the virtual currency wallet. According to the latest market accounting data, the value is approximately RMB 135.66 million. According to the reminder, virtual currency cannot be distributed and used as currency in China, and China's financial management department has not approved any real-world asset tokenization activities. Relevant institutions are prohibited from carrying out business related to virtual currency or real-world asset tokens. The public should be highly vigilant and never participate in activities related to virtual currency or real-world asset tokens, as well as illegal fund-raising and illegal securities issuance activities carried out under the name of “mining” virtual currency, and protect their “money bag.”

According to Jiayu Public Security, on December 5, Jiayu Public Security issued an announcement to find the original owner of a virtual currency involved in an extortion case. There are about 1.9 million USDT coins in the virtual currency wallet. According to the latest market accounting data, the value is approximately RMB 135.66 million. According to the reminder, virtual currency cannot be distributed and used as currency in China, and China's financial management department has not approved any real-world asset tokenization activities. Relevant institutions are prohibited from carrying out business related to virtual currency or real-world asset tokens. The public should be highly vigilant and never participate in activities related to virtual currency or real-world asset tokens, as well as illegal fund-raising and illegal securities issuance activities carried out under the name of “mining” virtual currency, and protect their “money bag.”