The first virtual money crime case in Fujian has been solved, illegally trapping 110,000 USDT and profiting 340,000 yuan.

Recently, Fujian Province successfully cracked a case involving Virtual Money, which is the first time the province has dealt with such a case.

After more than four months of investigation, the Xiuyu Branch of the Putian Public Security Bureau arrested Xu Mouhang in September 2019 on suspicion of illegally obtaining data from computer information systems. Xu Mouhang was subsequently criminally detained and was prosecuted by the procuratorial agency in February this year.

Another suspect in the case, Xu Moubin, fled after the incident but ultimately surrendered to the Xiu Yu police on March 31 of this year. Thus, this case, the first in Fujian Province involving the illegal acquisition of data from computer information systems related to Virtual Money, has been declared solved.

According to the investigation, 27-year-old Xu Mouhang is an unemployed man from Putian with a high school education. In March of last year, he obtained a download link for a Virtual Money trading platform through a social media platform and registered an account using his identity information. During the trading process, Xu Mouhang discovered a management loophole in the system and used this loophole to illegally obtain a large amount of USDT (a type of Virtual Money).

In order to gain more benefits, Xu Mouhang not only purchased other people's identity information online to register more accounts for illegal operations, but also informed Xu Moubin of this method. The two reached an agreement to use Xu Moubin's identity to register accounts and continue illegally extracting USDT from the platform, splitting the proceeds evenly.

Through multiple operations, Xu Mouhang illegally obtained more than 110,000 USDT. He sold these virtual money, making a profit of more than 260,000 yuan, while Xu Moubin illegally profited more than 80,000 yuan.

The successful resolution of this case is not only an important breakthrough for Fujian Province in the field of Virtual Money-related crimes, but it also provides valuable experience for handling similar cases in the future. At the same time, it reminds us to stay vigilant when participating in Virtual Money transactions, comply with relevant laws and regulations, and avoid violating the law.