Hangzhou Court Sentenced A Defendant To 3 Years In Prison For Stealing NFT
The Gongshu District Procuratorate of Hangzhou City, Zhejiang Province, filed a public prosecution a few days ago, according to the daily inspection report. The defendant Chen was sentenced to three years in jail, suspended for four years and six months, and fined 7,000 yuan by the court. On July 20, 2022, Chen unintentionally uncovered a flaw in the login procedure of a specific digital collecting platform.
Mr. Wang from Hangzhou is a player in the digital collection. Wang paid 299 yuan in July 2022 to acquire a digital collection on an internet site. Due to restricted sales, the value of this digital collection swiftly increased, and Wang was overjoyed. This heightened the network platform’s alertness, and platform experts promptly analyzed the server logs to see if there was any aberration in the database. The findings revealed that more than 30 user accounts were logged into the same IP address at the time, and 21 consumers’ digital collections were sequentially resold.
Source
@Facebook_Metaverse_Nfts
