Recently, the People's Court of Tongzhou District, Nantong City, Jiangsu Province, China made an important ruling on a case involving Crypto Assets, determining that the loan contract between the plaintiff Han and his friend Ji was invalid. This ruling has sparked widespread attention, especially in terms of the legal status and investment risks of Crypto Assets.
The cause of the case was that the plaintiff Han invested in USDT (Tether) through their fren Ji, hoping to get a high return. Ji informed Han that investing in USDT was very profitable, promising that by only using 15,000 RMB to purchase 2000 USDT, one could quickly earn tens of thousands. Han was very interested in this and made the investment with Ji's assistance.
Later, Ji used Han's mobile phone to buy 2000 USDT for him on a certain platform, and claimed to be able to help Han entrust it. However, when the agreed-upon date for the realization of the income came, Ji was unable to fulfill the promise, and even the principal could not be recovered. Helpless