For #example, for Tornado Cash, a lot of people can’t get to them through their website because there’s censorship,” #Xiang explained.

Asked whether the new standard could be leveraged by bad actors to #partake in illicit activity, #Xiang said:

#Xiang suggested that, given the costs, the new #URL standard makes sense only for specific applications. 

After the first month’s return of 80,000 yuan ($11,724), Meng failed to remit any more funds to #Xiang, citing the #general decline facing the #virtual #currency markets.

Case facts showed the plaintiff Li Xiang invested nearly 700,000 yuan ($101,700) with Wang Meng, the #defendant, to create #accounts and play on #Xiang’s behalf.