The first case involving bitcoin infringement dispute was pronounced today at the Hangzhou Internet Court

According to the WeChat public account "Hangzhou Internet Court" news, on July 18, the first case of Bitcoin property infringement dispute was pronounced in the Hangzhou Internet Court. On May 7, 2013, the plaintiff Wu bought the goods “FXBTC recharge code ¥497.5 (suitable for credit cards, ordinary users can also purchase) through the Taobao shop operated by the outsider Huang, and paid the price of 500 yuan. Afterwards, the plaintiff Wu also paid a total of 19,920 yuan to the Alipay account of the above store on November 30, 2013. On May 2, 2014, the “FXBTC” website released the “Outage Announcement”. The plaintiff calculated according to the bitcoin price paid on the day of the above-mentioned 19,920 yuan, claiming that the above amount was used to purchase 2.69 bitcoins from a defendant in Shanghai. The company did not give any warning to the plaintiff when the website was shut down, causing the plaintiff’s A huge economic loss; and Taobao did not fulfill the audit obligation, causing the plaintiff to purchase the goods prohibited by the transaction on the online shopping platform it operated; therefore, the two defendants should bear joint and several liability. On July 18, 2019, after hearing the case, the court held that although the legal status of Bitcoin as a virtual property should be affirmed, the plaintiff claimed that the actual implementation of the infringement in this case was the defendant’s Shanghai technology company, and dismissed all the plaintiff’s lawsuits based on the inadequacy. request.