Recently, the People's Procuratorate of Jingkou District, Jiangsu Province, announced an illegal fund-raising case involving virtual currency. According to the prosecutor, this group, under the guise of investment returns, attracted a large number of investors through their self-developed application, resulting in a total involvement of over 40 million yuan RMB. After the trial, the court sentenced Li and eight others to prison terms for illegally absorbing public deposits and imposed fines. During the investigation, the case team found that Li and his associates used the virtual currencies they had raised to cooperate with mining machine merchants to 'mine', and continued to generate profits, so they were not considered to have the subjective intent to defraud property. In this case, the procuratorate fully considered the policy of leniency and strictness in criminal proceedings, ultimately leading all defendants to confess and accept punishment in court.