#虚拟货币安全防诈骗指南 Guizhou Qiannan cracks down on virtual currency pyramid scheme: the end of a "digital wealth" scam

"Brother, follow me to do virtual currency, buy a BMW in a month!" Mr. Zhang from Guizhou Qiannan repeatedly received this voice message on his phone. The person sending the voice is his childhood friend, who is now a core member of the so-called "blockchain wealth pioneer." Mr. Zhang resisted the temptation, but watched his neighbor, Aunt Li, invest her retirement money until recently when the police announced the bust of this pyramid scheme involving over a thousand people, allowing him to breathe a sigh of relief.

The big reveal: virtual currency is just a "fig leaf"

This group is very cunning, first registering a shell company, then setting up a fake trading platform, shouting the slogan that "everything valuable in the world can be tokenized," while actually engaging in shady dealings. They artificially inflate the price of so-called virtual currency and set recharge amounts in tiers; the more you invest, the higher your status level.

Even more outrageous is the "referral" scheme! Members who recruit others can earn direct referrals and tiered bonuses, just like a snowball effect, the more people, the more you earn. This model is just an old pyramid scheme rebranded with a new "disguise"!

The scale of the case is astonishing, thousands nearly got scammed

According to investigations, this gang has two profit models: one is to get you to buy virtual currency, euphemistically called "coin production income"; the other is to develop downlines and earn promotion income. There were actually thousands of participants, with levels exceeding three, fully fitting the characteristics of online pyramid schemes.

Fortunately, the police acted in time, and the relevant personnel involved were dealt with according to the law. But we must also be vigilant; virtual currency trading itself is high-risk, and encountering those shouting "high returns" and "referrals" is mostly a pyramid scheme, so don’t believe it!

Family members, have you encountered similar pyramid scheme tactics around you? Or what do you think of this new type of fraud? We are waiting for your comments!