College Student in China Jailed for Virtual Currency Fraud

Yang Qichao, a Chinese student, was sentenced to 4.5 years for virtual currency fraud, marking a legal precedent. He withdrew liquidity from his BFF token on the BNBChain, defrauding an investor of 50,000 USDT. This case highlights China’s regulatory challenges with crypto. #Crypto #China #Fraud #BNBChain #Regulation