Guangxi Court Rules: Elderly Investors Must Bear Own Losses from Cryptocurrency Platform; Suit Against Referrer Dismissed

深潮 TechFlow reported on November 4 that, according to a case published by the Fusui County People's Court in Guangxi, in 2020, Mr. and Mrs. Mo, both over 70, were introduced by acquaintances to participate in an overseas cryptocurrency mining machine wealth management project. They initially invested 4,200 yuan and successfully recovered their principal, then gradually invested over 60,000 yuan. In December 2020, the platform involved shut down, and funds could not be withdrawn. In early 2026, the couple sued the investment referrer and the actual operator, seeking the return of the full investment amount plus interest.

The court held that the cryptocurrency investment activities in question violated relevant financial regulatory rules and public order and good morals, rendering the entrusted wealth management contract invalid. The investment losses mainly resulted from the illegality of cryptocurrency trading itself and platform risks, rather than being directly caused by the trustee's personal conduct. Based on this, the court dismissed the plaintiff's claims. The appellate court upheld the original judgment, and the judgment has now taken effect.

Source: 深潮 TechFlow