The Wenzhou Court in China successfully disposed of the involved Virtual Money through a licensed trading platform.

On August 8, according to the Wenzhou Evening News, starting from December 2022, the defendant Liu illegally obtained 544 virtual money addresses and Secret Keys through a counterfeit digital wallet program, transferring tens of thousands of virtual currencies from victims including Yang, resulting in huge financial losses. In order to find a reliable professional agency for handling, Wang Zitai traveled back and forth to various relevant departments for several days, and finally contacted the Third Research Institute of the Ministry of Public Security through the Lucheng Public Security Bureau, entrusting it to select mature professional handling agencies. When signing the entrustment agreement, he carefully checked the terms one by one, clearly defining responsibilities for inspection, sale, transfer, etc. In the end, the conversion was smoothly completed relying on a licensed exchange, and after completing the relevant procedures and deducting the handling fees, the converted funds were safely transferred to the court's special account for case-related funds through the Ministry of Public Security's independent account. More than 6,000 USDT coins, over 2,700 TRX coins, and 0.8 BNB coins turned into nearly 50,000 yuan. "In today's world where the number of internet-type crimes is increasing, the court is working hard to explore new ways to handle virtual currencies," said Wang Zitai. "This successful handling aligns with the spirit of Article 23 of the recent opinion issued by the Supreme Court on standardizing the execution of asset-related parts of criminal judgments, and it also relies on the collaborative efforts of multiple departments, accumulating experience for cross-domain handling of new types of assets."