According to the Procuratorate Daily, a "rich second-generation" Zhuang in Jiangsu was lured by high returns to invest in "dog coins". In September, the price of "dog coins" plummeted. After a month of heavy investment, Zhuang found that the platform for purchasing virtual currencies could not operate, and the funds in the platform could not be withdrawn. Later, even the webpage could not be opened. Zhuang was cheated by investing in virtual currencies and wanted to turn over through gambling and owed millions of yuan in debt. In the face of debt collection, he made mistakes again and again, leasing 6 luxury cars to pledge and borrow money to defraud the victim Gu 1.16 million Yu Yuan. Recently, the prosecutor of Taicang City, Jiangsu Province filed a public prosecution, and Zhuang was sentenced to three years in prison for committing contract fraud.