The vulnerability of the virtual money trading platform was exploited, and two people were convicted for illegally trapping 110,000 USDT.

Recently, Fujian Province successfully solved a major case involving Virtual Money, marking the province's first successful resolution of such a case.

After more than four months of in-depth investigation and evidence collection, the Xiu Yu Branch of the Putian City Public Security Bureau's Cybersecurity Team successfully arrested the suspect Xu Mouhang in September 2019, who was suspected of illegally obtaining data from computer information systems. Subsequently, Xu Mouhang was subjected to criminal detention and was formally prosecuted by the prosecution in February this year.

During the investigation of the case, another accomplice Xu Moubin once evaded capture. However, on March 31 of this year, Xu Moubin ultimately chose to voluntarily surrender to the police, marking a complete breakthrough in the case.

According to the case investigators, the main suspect, Xu Mouhang, is a 27-year-old man from Putian, with a high school education and no fixed occupation. In March last year, Xu obtained a download link for a certain Virtual Money trading platform through social media and registered an account using his identity information. During the trading process, he discovered and exploited a system vulnerability of the platform, using illegal means to extract a large amount of USDT (a common Virtual Money).

In order to obtain more illegal profits, Xu Mouhang not only purchased others' identity information online to register more accounts but also informed Xu Moubin of this illegal method of extraction. The two reached an agreement to use Xu Moubin's identity to register accounts, continue illegally extracting USDT on the platform, and agreed to split the profits.

According to the investigation, Xu Mouhang entered the platform multiple times, illegally obtaining more than 110,000 USDT. He then illegally sold these Virtual Money, personally gaining over 260,000 yuan, while Xu Moubin illegally profited more than 80,000 yuan.

The successful investigation of this case not only demonstrates the determination of law enforcement agencies to combat crimes related to Virtual Money, but also provides valuable experience for the handling of similar cases. At the same time, it also reminds related platforms to strengthen system security, prevent potential vulnerabilities, protect user interests, and maintain financial order.