A court in Yinchuan mediated a dispute over entrusted investment in virtual currency, and the defendant returned the principal investment.

The Xingqing District People's Court of Yinchuan City recently concluded a civil and commercial dispute arising from a commissioned investment in virtual currency. The plaintiff, Wei, met the defendants, Li and Hu, online and transferred funds to Li, entrusting him and Hu to jointly invest in virtual currency. Initial investments generated some profits, which the plaintiff shared. Later, needing funds urgently, the plaintiff requested a return of the investment, but was unsuccessful and sued in court on the grounds of "unjust enrichment." After reviewing the case, the presiding judge determined that the underlying legal relationship was a commission contract. The judge explained to the plaintiff that suing on the grounds of unjust enrichment carried a high risk of losing the case, and also pointed out to the defendants that a commission investment relationship did exist, and if the case entered into a commission contract dispute, the defendants would likely be liable for the return of the investment. Through mediation, the plaintiff withdrew his lawsuit against Hu, Li returned the principal to the plaintiff, and the two parties reached a settlement.