The Zhangqiu District Court released a typical case. Liu, entrusted by his friend Zhang, invested in Elfcoin. Shortly after the investment, the platform became inaccessible. Zhang informed him that the platform and its responsible personnel were suspected of criminal activity and the police had opened a case, making a refund impossible. Liu sued Zhang, demanding a refund based on the entrusted contract. The court held that investing in virtual currencies disrupts financial order and endangers financial security, rendering the entrusted contract between the two parties invalid. Zhang did not profit from the entrusted act, and Liu's losses were investment risks associated with engaging in illegal financial activities, which should not be protected by law. The court dismissed Liu's claim. The court pointed out that, according to a notice issued by ten departments including the People's Bank of China, virtual currency-related business activities constitute illegal financial activities, and related civil legal acts are invalid. Losses arising therefrom must be borne by the investors themselves.