Shanghai Pudong Procuratorate Discloses Black Industry Case Involving Virtual Currency Settlement, Illegal Gains Exceed 1 Million Yuan

Odaily News The Shanghai Pudong New Area People's Procuratorate disclosed a case involving a black industry chain that illegally queried and sold citizens' location information. The individuals involved settled transactions by exchanging virtual currencies, profiting illegally. Judicial appraisal revealed that over 1,000 pieces of location information were illegally queried in the case, with total illegal gains amounting to approximately 1.17 million yuan. The relevant personnel have been sentenced to prison terms ranging from three years and six months to one year, and fined between 50,000 yuan and 40,000 yuan.