Chinese court sentences man to nearly 11 years for stealing 107 Bitcoins

A court in Qingdao, China, has sentenced a man surnamed Zhang to 10 years and nine months in prison for stealing 107 Bitcoins from an acquaintance’s wallet after memorizing most of the recovery phrase, China’s Supreme People’s Procuratorate disclosed. The Licang District People’s Court also imposed a fine of 100,000 yuan (roughly $13,800) on Zhang,...