Wu Blockchain learned that according to Xinhuanet, the People's Court of Minhang District, Shanghai recently heard a fund-raising fraud case involving digital collections. The defendants Zhang and Liu discussed setting up the "Tonggu Platform" in 2022, using blockchain technology to package pictures purchased at low prices or downloaded for free from the Internet into digital collections for sale on the platform, absorbing thousands of users' funds in total. More than 1.34 million yuan, resulting in a total loss of more than 410,000 yuan to the victims. After trial, the court held that the defendant used fraudulent methods to illegally raise funds, and the amount was relatively large. His actions constituted the crime of fund-raising fraud and were a joint crime. He was sentenced to fixed-term imprisonment and fined. wublock123.com/index.php?m=con...…