The first Bitcoin infringement dispute was sentenced today in Hangzhou Internet Court

According to the WeChat public account "Hangzhou Internet Court", on July 18, the first Bitcoin property infringement dispute case was heard and sentenced in Hangzhou Internet Court. On May 7, 2013, the plaintiff Wu Mou purchased the product "FXBTC recharge code ¥497.5 yuan (suitable for credit cards, ordinary users can also buy)" from the Taobao store operated by Huang Mou, a person not involved in the case, and paid a price of 500 yuan. Afterwards, the plaintiff Wu Mou paid a total of 19,920 yuan to the Alipay account of the above-mentioned store on November 30, 2013.
On May 2, 2014, the "FXBTC" website issued a "Suspension Notice". The plaintiff calculated based on the Bitcoin price on the day when the above 19,920 yuan was paid , and claimed that the above amount was used to purchase 2.69 Bitcoins from the defendant, a Shanghai company. The company's inaction without any notice to the plaintiff when the website was shut down caused huge economic losses to the plaintiff; and Taobao failed to fulfill its audit obligations, resulting in the plaintiff purchasing prohibited goods on the online shopping platform it operated; therefore, the two defendants should bear joint and several liability. On July 18, 2019, after trial, the court held that although the legal status of Bitcoin as virtual property should be affirmed, the plaintiff's claim that the actual implementation entity of the infringement in this case was the defendant, a Shanghai technology company, was insufficient, and all the plaintiff's claims were dismissed.