In a case involving the theft of 107 Bitcoins, Qingdao prosecutors clarified the property attributes of virtual currency.

CoinFeed reported on June 3 that, according to the Shandong Legal Daily, a Bitcoin theft case prosecuted by the Licang District Procuratorate of Qingdao City has been adjudicated. The defendant, Zhang, was sentenced to 10 years and 9 months imprisonment for theft and fined 100,000 yuan. In the early morning of a certain day in 2024, the victim, Feng, had his cryptocurrency wallet quietly logged into, and 107 Bitcoins were transferred out, equivalent to more than 22.54 million yuan at the market price that day. An investigation revealed that Feng had entrusted an acquaintance, Zhang, to assist in the operation. Zhang obtained the mnemonic phrase during the wallet registration process and, after multiple attempts in the early morning, cracked the wallet and transferred the Bitcoins. After being apprehended, Zhang claimed that his actions were a "protective takeover" to prevent the Bitcoins from being stolen by others. However, the procuratorate traced the funds and found that the stolen Bitcoins had been transferred through multiple layers and exchanged for more than 660,000 yuan, exposing his lie.