Core Viewpoint - Dongguan Intermediate People's Court has announced the commencement of a supplementary fund refund process for victims involved in the fundraising fraud case related to Paisheng Technology Group Co., Ltd. starting from June 13 [1][4] Group 1: Fund Refund Process - The refund targets are confirmed victims whose loss amounts have been verified on the designated platform "TuanDai Net Case Loss Verification and Refund Platform" [4] - The refund process will be conducted online, with the assistance of Agricultural Bank of China Dongguan Branch for fund transfers [4] - This marks the second fund refund announcement for TuanDai Net, with the first announcement made in February 2024 [4] Group 2: Refund Proportions - The refund calculation for victims is based on the remaining principal after deducting all historical earnings; if total withdrawals exceed the total deposits, no refund will be issued [4] - Victims have received approximately 5% in the second round of refunds, while the first round provided a refund rate of 34.3%, totaling around 40% across both rounds [4] Group 3: Comparison with Other Cases - The refund process for P2P cases primarily depends on the recovery of underlying assets; for instance, "e租宝" has also initiated a second round of refunds totaling about 40% [4][6] - Unlike "e租宝," which offers electronic certificates and bank transfers for refunds, TuanDai Net is utilizing bank transfers exclusively without setting up offline refund windows [6] Group 4: Legal Background - As of February 28, 2019, TuanDai Net facilitated a total financing amount of 130.769 billion yuan, with a total borrowing balance of 14.5 billion yuan and 978,218 lenders [6] - In December 2022, Dongguan Intermediate People's Court publicly sentenced Paisheng Technology Group and its key figures for multiple financial crimes, imposing fines totaling 1.61 billion yuan [6]