A man in Fuzhou has been sentenced to 12 years and 7 months in prison for stealing four Bitcoin, valued at approximately RMB 900,000, from another individual. The Cangshan District People’s Procuratorate confirmed the sentence, which includes a fine of RMB 300,000. The appellate court upheld the original judgment. The theft occurred in late 2020 when the perpetrator, Lin, was entrusted by Wang to convert his Bitcoin holdings into cash. Lin exploited his access to Wang's Bitcoin wallet, stealing the private key and transferring the Bitcoin to his own account. He later sold the Bitcoin for profit. Wang discovered the theft in 2024 and reported it to the police, leading to Lin's arrest. The prosecution emphasized that despite Bitcoin not being legal tender, it is considered property under criminal law, making such thefts subject to criminal liability.
Fuzhou Man Sentenced to Over 12 Years for Bitcoin Theft
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