The Hubei Yunmeng County Procuratorate reported that a "cat replacing the prince" style virtual money fraud case prosecuted by the Hubei Yunmeng County Procuratorate recently upheld the original judgment in the second instance. Four individuals, including He, illegally manipulated coin prices and swapped the encryption assets staked by investors for worthless "D coins" through a virtual currency trading platform with a "backdoor," causing a total loss of over 77.76 million yuan for 103 investors. The four defendants in the case were sentenced to imprisonment for a period ranging from three to thirteen years and fined, with the main perpetrator He's appeal being rejected.

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