Chinese police solve first crypto theft case in Bincheng: 1,300 USDC and NFTs stolen
- —1,300 USDC and NFTs worth tens of thousands of yuan were stolen
- —Police traced on-chain transactions and identified the wallets involved
- —A prime suspect was arrested via police-industry cooperation
- —The case is the first crypto theft probe in Bincheng
Why it matters: Chinese authorities are increasingly investigating crypto thefts, raising risks for criminals and signaling growing legal recognition of digital assets.
Source: PANews