February 21 news, according to Mankun: Recently, the Jiangsu Provincial High Court released a typical foreign-related case. In the case, a Singapore investor cooperated with Chinese citizens to invest in cryptocurrencies. The court ruled that "the contract is invalid and the risk is at its own risk". Singapore Investors lost all their money. The Chinese court directly ruled that the contract was invalid, on the grounds that virtual currency investment is an illegal financial activity in China and violates public order and good customs.