ChainCatcher news, according to Xiamen Evening News, a man stole virtual currency from others and cashed out over 1.6 million yuan after incurring losses while helping a friend invest in futures. Recently, the Huli District Procuratorate in Xiamen, China, reviewed and prosecuted this theft case.In September 2021, the defendant Chen met the victim Hong through a friend's introduction. Hong entrusted Chen to help operate virtual currency investments and provided his account and login password.At the end of September 2022, Chen fabricated a story about the account being offline to trick Hong into providing various verification codes. He then successfully changed the account's login password and replaced the linked email with his own. At this point, Hong's account was under Chen's control.After that, Chen repeatedly used the excuse of the account being offline to deceive Hong into giving real-time verification codes, continuously transferring the virtual currency from Hong's account to his own. He then quickly sold these virtual currencies for a profit of over 1.6 million yuan, using all of it to repay personal debts.In May 2024, Chen voluntarily went to the police station to confess and truthfully admitted to his crimes.The Huli District Procuratorate filed a public prosecution against Chen for theft. According to Article 264 of the Criminal Law, theft of public and private property, with particularly large amounts or other particularly serious circumstances, is punishable by more than ten years of fixed-term imprisonment or life imprisonment, and may also involve fines or confiscation of property.