According to Shandong Legal News, the Li Cang District Prosecutor's Office in Qingdao successfully handled a Bitcoin theft case. The defendant, Zhang, took advantage of the victim, Feng, who had entrusted him with operating a wallet, to steal the victim's mnemonic phrase. In the early morning, he stole 107 Bitcoins, which were worth approximately 22.54 million yuan at the market price on the day of the incident. He then transferred the stolen funds through multiple platforms, ultimately exchanging them for over 660,000 yuan. After being apprehended, Zhang attempted to argue that he was acting under 'protective custody,' but the prosecution dismantled his claims by tracing the financial transactions. The court sentenced Zhang to 10 years and 9 months in prison for theft and imposed a fine of 100,000 yuan, with the original ruling upheld after an appeal. This case clarifies that virtual currency has property attributes protected by criminal law, providing judicial guidance for combating similar new types of cybercrime.