Hubei Shiyan investigates multiple virtual coin pyramid scheme projects, reminding to be wary of high-yield eyewash.

[Bit推] According to reports, the Market Supervision Administration of Shiyan City, Hubei Province recently issued a risk warning, investigating virtual currency projects such as "Youkechuang", "Shiyi Hui", and "Ronghui Capital". It was found that these projects were operating through overseas platforms for Cryptocurrency Trading, using a "pump and dump" model to develop members, promising high returns on investments in encryption Digital Money, and are suspected of conducting illegal financial activities using pyramid schemes.

Regulatory authorities remind consumers to be wary of "guaranteed high returns" scams, emphasizing that China prohibits virtual currency exchange and trading intermediary services, and that participation in such projects cannot ensure the safety of funds. The case is currently under further investigation.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
AlwaysAnonvip
· 20h ago
Suckers never disappear
View OriginalReply0
SelfMadeRuggeevip
· 22h ago
Laughing to death, it's another Rug Pull.
View OriginalReply0
RektButStillHerevip
· 08-10 18:43
Suckers can never be played for suckers.
View OriginalReply0
ThesisInvestorvip
· 08-10 01:48
Why are there still people who believe in this kind of trap???
View OriginalReply0
TaxEvadervip
· 08-10 01:48
Pyramid scheme again, haha, sounds fake.
View OriginalReply0
GateUser-26d7f434vip
· 08-10 01:47
Don't exaggerate the high returns.
View OriginalReply0
GasFeeCryervip
· 08-10 01:42
Another pump and dump scammer? It's 2024 already, time to come up with new tricks.
View OriginalReply0
GasWranglervip
· 08-10 01:41
technically speaking, all ponzi schemes are mathematically destined to fail
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)