CoinVoice has recently learned that the Yunmeng County Prosecutor's Office in Hubei Province reported that the second trial of a "cat-for-prince" style Virtual Money fraud case prosecuted by the Yunmeng County Prosecutor's Office in Hubei has upheld the original judgment.

Four individuals, including He, used a virtual money trading platform with a "backdoor" to manipulate coin prices and illegally exchange the encrypted assets pledged by investors for worthless "D coins", resulting in losses exceeding 77.76 million yuan for 103 investors. The four defendants in the case were sentenced to fixed-term imprisonment ranging from three to thirteen years and fined, while the main perpetrator He’s appeal was rejected.