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Man Sentenced to 12 Years 7 Months for Stealing 4 Bitcoin Worth 900,000 Yuan

GateNews

Enforcement Actions Security Incidents

2026-05-24 10:07:46

BTC3.42%

According to Fuzhou Cangshan District Procuratorate, a man was sentenced to 12 years and 7 months imprisonment on May 23 for stealing 4 Bitcoin and gaining approximately 900,000 yuan in illegal profits. The court also imposed a fine of 300,000 yuan; the verdict was upheld on appeal.

The procuratorate stated that despite current regulations denying Bitcoin legal tender status, it possesses value, manageability, and transferability, meeting the general characteristics of "property" under criminal law and thus qualifying as the object of property crimes.

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