A man in Shandong was sentenced to 10 years and 9 months in prison for transferring 107 Bitcoins from the victim.

Odaily Planet Daily News: The Qingdao Licang District Procuratorate issued an announcement stating that the defendant, Zhang Moumou, obtained the mnemonic phrase by taking advantage of the opportunity to register a cryptocurrency wallet on behalf of the victim. In the early morning, Zhang transferred 107 Bitcoins belonging to the victim, Feng Moumou, in multiple transactions. Zhang then laundered the Bitcoins layer by layer through several virtual currency trading platforms, exchanging them for over 660,000 RMB. The Qingdao Licang District People's Court sentenced Zhang Moumou to 10 years and 9 months in prison for theft and imposed a fine of 100,000 RMB.

After the defendant appealed, the Qingdao Intermediate People's Court rejected the appeal and upheld the original verdict. The case used the actual proceeds from the crime, over 660,000 RMB, as the amount of theft for the conviction. (Shandong Legal News)