Crypto News

The Chinese court declared the cryptocurrency Ethereum legal property

Recently in Shenzhen city was sentenced in the case o stealing Ethereum, respectively, scriptactive was recognized as a legal property that has “economic value”. As you know, Chinese citizens are not forbidden to own it or to translate it.

Whether the accused held a position of the blockchain engineer in the company Sinitsa (hpoa) in Shenzhen in March 2019. B April 2019, he participated in a project called Haode Star, developed by Sinitta and affected company Haode Trade Co., Ltd. The specialist was able to take possession of the private key and payment password project Haode Star.

Z1 may of that year Lee stopped working in the company, so as not passed the probationary period due to a lack of competence. Remained dissatisfied with this situation, 20 June 2019, he used the payment password project Haode Star to log in to your account at cryptococcomas platform imToken. Then he stole S ETH and 4 million coins Haode, July 15 the same year, Li again stole 0,4 ETH that is transferred to your account on OKEx and imToken.

According to the transaction records provided by the injured party, the total cost of ETH stolen is more than 6,000 RMB.

The defendant Lee was sentenced to seven months imprisonment and fined 2000 yuan. Also ordered him to return to Haode Trade Co Ltd 55З6,99 RMB.

When defining specific amount, the court focused on the price of some crypotologic platforms, a also took into account the testimony of the victim and the defendant.

Publication date 23.04.2020
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