Shanghai Court Sentences Figures in $6.5 Billion Crypto Exchange Case
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最新报道：A Shanghai court ruled that a crypto exchange must return Tether (USDT) deposits to a user, marking a rare legal recognition of stablecoins in China. The plaintiff had deposited 80,000 USDT on an unnamed exchange that later restricted withdrawals. The court ordered the platform to refund the equivalent value in Chinese yuan, citing contractual obligations despite China's 2021 crypto trading ban. This decision contrasts with previous cases where courts dismissed crypto-related claims, suggesting evolving judicial attitudes toward digital asset disputes. Legal experts note the ruling may set a precedent for protecting users' rights in crypto transactions while still upholding China's broader cryptocurrency restrictions.
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