Key Highlights:
- China’s Shandong court has dismissed a lawsuit over failed crypto investment and the Entrustment contract was ruled invalid under China’s financial laws.
- The case involved a person, Liu, who had entrusted a friend, Zhang, to invest into a crypto project known as “Alpha Coin.”
- As per court’s ruling, investors were held solely responsible for losses in illegal activity.
A China court dismissed a case tied to losses from a crypto investment. The court ruled that the investor must face the financial loss caused due to such activities. The case involved a person, Liu, who had entrusted a friend, Zhang, to invest into a crypto project known as “Alpha Coin.”
