小芯cc
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Silk Road International (SCZL) is a Ponzi scheme/pyramid scheme-style cryptocurrency fraud project disguised with popular concepts. Its core operation relies on false advertising and a pyramid scheme model to swindle investors.
The project uses the Belt and Road Initiative and national projects as pretexts, fabricating several high-return investment projects such as the "Silk Road Splendid Growth Fund" and the "Silk Road Military Industry Defense Fund" to gain investors' trust, especially targeting the elderly.
The corresponding Silk Road International app must be downloaded through a third-party link. It is not only unregistered but may also contain viruses. Registration can be done with any fabricated phone number, and the receiving accounts are mostly from dubious personal accounts, which is seriously inconsistent with its claims of being a legitimate national project.
The project uses high returns as bait and encourages investors to recruit others, offering extra bonuses for referring new members. In essence, it uses funds from new investors to pay returns to existing users. Previously, the project had twice amassed users by banning accounts and restricting withdrawals. It was later exposed that it had developed more than 200,000 members and amassed billions of yuan in funds within a year of operation. Due to the lack of new funding, it was at risk of collapsing and running away at any time.
The project uses the Belt and Road Initiative and national projects as pretexts, fabricating several high-return investment projects such as the "Silk Road Splendid Growth Fund" and the "Silk Road Military Industry Defense Fund" to gain investors' trust, especially targeting the elderly.
The corresponding Silk Road International app must be downloaded through a third-party link. It is not only unregistered but may also contain viruses. Registration can be done with any fabricated phone number, and the receiving accounts are mostly from dubious personal accounts, which is seriously inconsistent with its claims of being a legitimate national project.
The project uses high returns as bait and encourages investors to recruit others, offering extra bonuses for referring new members. In essence, it uses funds from new investors to pay returns to existing users. Previously, the project had twice amassed users by banning accounts and restricting withdrawals. It was later exposed that it had developed more than 200,000 members and amassed billions of yuan in funds within a year of operation. Due to the lack of new funding, it was at risk of collapsing and running away at any time.
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