Guangxi Court Rejects Elderly Couple's Claim for Virtual Currency Investment

The People's Court of Fusui County, Guangxi, has concluded a dispute case involving elderly individuals and virtual currency investments. In 2020, a couple in their seventies, Mr. and Mrs. Mo, participated in an overseas platform's "mining financial management" project through their friend, Mr. Liang. They entrusted a total of 60,000 yuan of their retirement savings to Mr. Liang's associate, Mr. Xie, to purchase virtual currency. In December of the same year, the platform was shut down, and the funds could not be withdrawn. In early 2026, the Mo couple sued Mr. Liang and Mr. Xie, demanding the return of their investment and interest. The court ruled that activities related to virtual currency are considered illegal financial activities, rendering the entrusted financial management contract between the parties invalid. The Mo couple was aware of the investment risks, and their losses stemmed from the illegality of virtual currency trading and platform risks, which they must bear themselves. The court dismissed all claims made by the plaintiffs. After the first-instance verdict, the Mo couple appealed, but the appellate court rejected the appeal and upheld the original judgment.

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