A Shandong court adjudicated a case involving losses from entrusted investment in virtual currency, ruling that the plaintiff should bear the losses himself/herself.

CoinFeed reported on March 18th that, according to The Paper, the Zhangqiu District Court in Jinan City, Shandong Province, recently disclosed a typical case: Liu, through his friend Zhang, entrusted Zhang to invest in Elfcoin. According to his mobile platform, the investment yielded several hundred yuan per day. However, shortly after the investment, before the agreed investment period expired, the platform became inaccessible. Liu attempted to get his investment back through Zhang, but Zhang informed him that the Elfcoin platform and related personnel were suspected of criminal offenses and had been placed under police investigation, making a refund impossible. Liu then sued Zhang based on the entrusted contract, demanding the return of his investment. The court held that Liu's investment in virtual currency disrupted financial order and endangered financial security, and the entrusted contract between him and Zhang regarding the virtual currency investment was invalid.