Shanghai Second Intermediate People's Court has released a criminal trial white paper on "combining punishment with governance". It revealed that since 2019, more than 600 criminal cases involving illegal financial trading platforms have been tried and concluded. In terms of investment types, illegal financial trading platforms cover a wide range of investment projects, constantly evolving from the initial investment in physical goods such as stamps and calligraphy to financial investments such as futures, options, stocks, and foreign exchange trading, and now extending to new fields such as NFT (digital collectibles) and digital currency. From the statistical data, the top three investment projects with the most cases are futures, stocks, and virtual currencies, accounting for approximately 50%, 20%, and 11%, respectively. Criminals often use WeChat public accounts, mini-programs, and live broadcasts to promote so-called "virtual currencies" and other content, causing the scope of related illegal information to continue to expand and the number of victims to increase continuously.
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Shanghai Second Intermediate People's Court: Virtual currency accounts for 11% of the number of criminal cases involving financial trading platforms
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