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A man was sentenced to 11 years in prison for profiting over 1.6 million yuan from the illegal sale of virtual currency

According to ChainCatcher news and reports from the Xiamen Procuratorate's official account, in September 2021, a man surnamed Chen met the victim, Hong, through a friend's introduction. At that time, Hong had a strong interest in virtual currency investment, and Chen had some knowledge in this area, so Hong entrusted Chen to assist with virtual currency investments, even carelessly sharing his account and login password with him.While helping a friend invest in futures, Chen suffered significant losses that left him overwhelmed with debt, leading him to develop malicious thoughts. At the end of September 2022, Chen fabricated a story about his account being disconnected to deceive Hong into providing various verification codes. He then successfully changed the account's login password and replaced the linked email with his own. Subsequently, Chen repeatedly claimed that the account was disconnected and used real-time verification codes to secretly transfer the virtual currency from Hong's account to his own. He quickly sold these virtual currencies, making a profit of over 1.6 million yuan, which he used entirely to repay his personal debts.The Huli District Procuratorate legally prosecuted Chen for theft. According to Article 264 of the Criminal Law of the People's Republic of China, theft of public or 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.After hearing the case, the court sentenced Chen to eleven years in prison for theft and imposed a fine.

The global pre-sale of the decentralized AI protocol ORA is about to launch, officially starting on April 15 at 11:00 Dubai time

ChainCatcher message, the decentralized AI protocol ORA launched by four.meme announced today that its global pre-sale event will officially start at 11:00 AM Dubai time on April 15, 2025 (GMT+4). This pre-sale will be conducted through smart contracts, adopting a fair launch mechanism, and the ORA token will be open for subscription to the community.According to official disclosures, the ORA platform presents three core highlights:Technological breakthrough: The world's first AI protocol to achieve on-chain deployment of models such as GPT-5 and DeepSeekEconomic innovation: The first to introduce the "data contribution blind box" mechanism, allowing users' AI behaviors to be converted into token rewardsEcological layout: Technical support and a liquidity injection of tens of thousands of dollars have been secured"ORA is building a fundamental value bridge between AI and blockchain," said the project initiator, "This pre-sale is not only a financial activity but also an important opportunity for the global community to participate in the democratization of AI."Industry insiders analyze that the unique "AI learning + full-chain interoperability" architecture of the ORA protocol will address the current issues of data monopoly in the AI industry and the fragmentation of the Web3 ecosystem. The project's testnet phase has already attracted over 50,000 developers, with daily AI call volumes exceeding 300,000.
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