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💰 Fraud Case in China: 130 Investors Lose $5.13 Million in GDFC Tokens and Metaverse

📌 In the Chinese city of Taizhou, a fraud investigation is underway involving 35 million yuan ($5.13 million) related to investments in tokens and the metaverse. Over 130 investors are reported as victims. Authorities believe the suspects used facial recognition devices for payments and fake virtual tokens to lure victims with promises of high returns.

🗓 The scheme operated from July 2020 to December 2021, promoting a service that allowed purchases through facial recognition. Fraudsters promised bonus points for each transaction, which could be converted into business shares and profits. This created an illusion of legitimate technological expansion.

💸 Investment amounts ranged from several thousand to tens of thousands of yuan. The project launched a virtual currency called GDFC, marketed as a high-growth asset despite lacking real support. Authorities describe it as a controlled "air coin".

📉 Police believe the fraudsters manipulated the token's price by simulating trading activity. They restricted withdrawals and pressured investors to reinvest, claiming it was necessary to maintain the asset's value. When funds ran out and GDFC's price dropped, the creators rebranded the investment program to "Metaverse ME Coins" and offered token conversion to compensate for losses.
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Ethereum trades at $2,321 as Singapore's OCBC launches GOLDX, a tokenized physical gold fund on ETH and Solana. Key price levels, analyst targets, and what's next for ETH.
$ETH

In the Web3 gaming ecosystem, many projects only rely on hype without real activity. However, @Pixels ($PIXEL ) #pixel
#arrives with a different approach—building an active and sustainable player-based economy. Pixels is not just a game, but a digital world where every player activity has a direct impact on token demand.
With the integration of the Stacked ecosystem, Pixels opens up wider opportunities in terms of asset ownership, productivity in games, and contribution-based incentives. This system creates a healthy economic cycle: players play, earn, and reuse tokens within the ecosystem. This is what makes $PIXEL have real utility, not just mere market speculation.