区块链违不违法,被区块链骗怎么办

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❶Why are people being questioned about blockchain?

Listed companies have started making articles around "blockchain". In January this year alone, 16 listed companies on the Shanghai and Shenzhen stock exchanges were questioned by exchanges for speculating on blockchain concepts. Since then, although the popularity of the blockchain concept has declined, regulatory authorities have not relaxed. Basically every month, news comes out that several companies have been questioned about blockchain.

Securities Daily's exclusive statistics found that as of the date of publication, 34 listed companies have been questioned by regulatory authorities this year due to "chain involvement."

3/4 companies involved in the chain have no practical applications. At the beginning of this year, a series of abnormal stock price fluctuations of listed companies attracted the attention of the exchange. These companies have one thing in common. They are all suspected of hyping the concept of blockchain to drive up their stock prices. At that time, the saying "the one who sticks to the blockchain will become popular" became popular.

In this regard, Yu Rui analyzed that, on the one hand, blockchain is an innovative business, and listed companies have high requirements for returns from innovative businesses, which can have a substantial impact on near- and long-term performance. They are in a position to control risks. For control reasons, we prefer to invest in areas with clear prospects, thus limiting the areas of implementation;

On the other hand, we are currently in the early stages of large-scale productization and have few practical applications. It is also an inevitable process for the development of the entire industry. “I believe that in the next two years, more substantial results will appear,” he said.

❷ Are blockchain and digital currencies legal in China?

As of May 2020, blockchain and digital currencies are not legal in China.

The "Announcement of the People's Bank of China, the Central Cyberspace Affairs Office, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the Insurance Regulatory Commission on Preventing Token Issuance Financing Risks" stipulates:

Article 2 Any Organizations and individuals are not allowed to illegally engage in token issuance and financing activities

From the date of this announcement, all types of token issuance and financing activities should be stopped immediately. Organizations and individuals that have completed token issuance and financing should make arrangements such as liquidation and withdrawal, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with illegal activities that refuse to stop token issuance and financing activities and completed token issuance and financing projects in accordance with the law.

Article 3 Strengthening the Management of Token Financing Trading Platforms

From the date of this announcement, any so-called token financing trading platform shall not engage in legal currency and token, "virtual" transactions. Currency exchange business between each other, it is not allowed to buy or sell tokens or "virtual currency" as a central counterparty, and it is not allowed to provide pricing, information intermediary and other services for tokens or "virtual currency".

(2) Suspected blockchain extended reading

The "Measures for the Suppression of Illegal Financial Institutions and Illegal Financial Business Activities" stipulates:

< p>Article 11 The public security organs shall take compulsory measures in accordance with the law against criminal suspects, funds and properties involved in illegal financial institutions and illegal financial business activities to prevent criminal suspects from committing crimes.The suspect fled and transferred funds and property.

Article 12: After investigation and determination of illegal financial institutions and illegal financial business activities, the People's Bank of China will make a decision to ban them, declare the financial institution and financial business activities to be illegal, and order them to cease all business activities. and make an announcement.

Article 13 If the People's Bank of China discovers that a financial institution opens accounts, handles settlements, and provides loans for illegal financial institutions or illegal financial business activities, it shall order the financial institution to immediately cease relevant business activities. No unit or individual may use relevant funds without authorization.

❸ How is the Wuxi Blockchain Liang Liang case progressing?

On January 21, 2020, the official WeChat account of the Xishan Branch of the Wuxi Public Security Bureau issued a notice stating, “On the afternoon of January 10, The Xishan Branch of the Wuxi Municipal Public Security Bureau arrested the suspect Liang Mouliang on suspicion of illegal business crimes in accordance with the law. Liang Mouliang has been criminally detained and the case is under further investigation." This report attracted attention in the industry. Who is Liang Mouliang? What does his illegal business crime refer to? What projects are involved?
It is reported that Liang Mouliang is from Wuxi, Jiangsu Province. He studied in Germany and Switzerland and later returned to China to start a business. He established Wuxi Ailian Technology Co., Ltd. in 2017, dedicated to the promotion and application of blockchain technology. He is also one of the founders of the Blockchain Technology Innovation Alliance (Wuxi), which is managed by the Wuxi Municipal Government and aims to establish a Wuxi blockchain industry ecosystem.
Liang Mouliang’s illegal business crime refers to the “Love Chain” project he established in Wuxi City, which is suspected of illegally absorbing public deposits. At the end of 2018, "Love Chain" announced that it would launch the "Love Chain" wallet based on blockchain technology globally, which can be used in many fields such as digital currency transactions and online shopping. Liang Mouliang once publicly stated that the "Love Chain" project attracted 2 billion yuan in funds in less than 2 months, and there were thousands of agents promoting the development of the project.
But as time went by, the progress of the "Love Chain" project was not as Liang Mouliang said. The project progressed slowly and even involved debt disputes. It is reported that as of June 2019, the "Love Chain" project has only completed part of the development work and has not yet been launched. The 2 billion yuan in funds claimed by Liang Mouliang has not been confirmed. Previously, some media reported that the "Love Chain" project was suspected of illegal fund-raising and posed huge risks.
Not only that, the "Love Chain" project is not the only field Liang Mouliang is involved in. He has also participated in many projects such as "Fall in Love with Tesco" and "Fall in Love with Insurance", which attracted a large amount of investment. However, these projects have not been completed as scheduled, and the financial disputes involved have continued.increase.
Faced with many problems, Liang Mouliang did not take active measures to solve them. Instead, he insisted on publishing false propaganda to attract more investors. This also attracted the attention of the public security organs. At present, Liang Mouliang has been criminally detained, and the case is under further investigation.
In general, the progress of Liang Mouliang’s case shows the Chinese government’s zero-tolerance attitude towards illegal fund-raising and fraud. Regarding the promotion and application of blockchain technology, the government will also strengthen supervision to prevent risks and ensure national financial security. For the blockchain industry, it needs to be more standardized and compliant to avoid risks and problems similar to the "Love Chain" project.

❹ The reasons why more than 20 companies have been regulated for "taking advantage of" blockchain hot spots

Blockchain's popularity continues, and it is not uncommon for listed companies to attempt to "take advantage of hot spots". Among them, Many listed companies have attracted regulatory attention. On March 19, Yinjiang Co., Ltd. issued an announcement stating that it had received a letter of concern from the Shenzhen Stock Exchange, requesting clarification on whether there was any motive for speculating on the hot concept of blockchain to speculate on the stock price.

The relevant regulatory authorities of the Shanghai Stock Exchange attach great importance to this and organize analysis and judgment as soon as possible. According to the analysis of the Shanghai Stock Exchange, some companies are suspected of actively "posting hot topics" and self-announced that the company's business scope involves "blockchain", typical examples are Youjiu Games and Shangying Global.

In response, the Shanghai Stock Exchange adopted a morning emergency suspension of the company's shares and issued a letter of inquiry to the company, requiring the company to explain in detail whether it caters to market hot spots, whether relevant behaviors are in violation of regulations, and to fully warn of risks and verify insider information. trade.

❺ [According to the case] The virtual currency "Azalea" illegally raised funds to "swallow the golden flower"!

Blockchain, virtual currency, mining machines...

Each and every shiny "concept"

Attracting investors to invest years of hard-earned money< /p>

But watched it come to naught

In May 2021, the People’s Procuratorate of Qingpu District, Shanghai, on suspicion of fund-raising fraud, The trial for the crime of illegally absorbing public deposits was officially opened against the defendant Zhou Xing and other eight people.

Travel service company set up "blockchain" investment scam

Zhou Xing founded a company in Shanghai in 2005 that engaged in air tickets and high-speed rail In order to expand the business chain of Dujuan Aviation Service Company, which operates tickets and hotel reservations, he found his sister Zhou Lan to serve as the company's deputy general manager.

In 2014, when the Internet industry was booming, Zhou Xing found someone to develop a "one-click boarding" APP, where customers couldBooking tickets on the software is very convenient. At the beginning of 2018, he saw the popularity of the "blockchain" concept, so he approached software developer Liu Liguo to develop the "Dujuan Travel Chain" APP, organized a large-scale presentation meeting, and recruited "investors" to participate. He described the "Dujuan Travel Chain" It is "a software that can connect with all airline services and resources of other strategic partners, and is comparable to Alipay and WeChat."

Due to a lack of professional knowledge, “investors” downloaded and recharged after hearing Zhou Xing boast that the daily profit from storing value in the software was 5‰, which was much higher than bank deposits. From June to December 2018, Zhou Xing and others illegally absorbed 150 million yuan in public deposits through the "Dujuan Travel Chain".

The capital chain is broken and a new trick is found: the pedometer can actually "mine"

The "Dujuan Travel Chain" is essentially a "Ponzi scheme" that demolishes the east wall to make up for the west. Moreover, the company's expenses were quite large, and Zhou Xing also misappropriated part of the funds. By the beginning of 2019, the company's capital chain was almost broken.

At this time, Zhou Xing thought of Fei Tao, a subject of supervised release on suspicion of illegally collecting deposits from the public. Fei Tao immediately proposed to ride on the popularity of "virtual currency" to attract money, and the two hit it off. Zhou Xing handed over a sub-function "pedometer" in the "Dujuan Travel Chain" to Liu Liguo to develop an independent software called "Mining Machine" and promoted to customers that Dujuan Group was about to launch a new virtual currency " Azalea” and listed on the internationally recognized VVBTC exchange. Investors only need to spend 50,000 yuan to buy a pedometer called a "mining machine", and get "Azaleas" by recharging and accumulating steps, which can be exchanged for "Azalea Coins".

The so-called "mining machine" is actually just a pedometer that costs dozens of dollars. Fei Tao then established the "Dujuan Business School" and went to Beijing, Jiangsu, Hubei, Yunnan and other places to give lectures once a month, attracting more than a thousand "investors" each time. The so-called "mining machines" also increased to 20 Ten thousand yuan per unit.

The market value of "Dujuan Coin" was also manipulated in secret by Zhou Xing and others. In order to attract more investors, Zhou Xing hyped the price of "Dujuan Coin" from the issue price of 1 yuan per share to nearly 20 yuan per share. A large number of middle-aged and elderly "investors" are in high spirits, selling cars, houses, using credit cards, borrowing money, and constantly making additional investments. When the last wave of "leeks" entered the market, Zhou Xing and others began to close the net.

In early August 2019, Zhou Xing controlled the "Dujuan Coin" to plunge sharply, and at the same time restricted "investors" from trading and reselling. As of August 30, 2019, "Dujuan Coin" fell to one cent per RMB share.

Investors lost all their money and the prosecutor’s office guided conviction and sentencing

2019Since then, Zhou Xing and others have squandered a large amount of money and paid for Du Wenhui to serve as the company's legal representative. After the incident, the "Dujuan Building" was even more deserted, and desperate investors wrote letters and complaints to the prosecutor's office.

Wang Sheng, the prosecutor in charge, received more than 1,000 petition letters within a few months. He screened out 357 petitioners and responded by phone one by one. 21 batches of representatives from the masses totaling more than 100 people were interviewed.

After comprehensive investigation and verification, prosecutors believe that Zhou Xing and others violated relevant national financial management regulations, illegally absorbed deposits from unspecified objects in society, disrupted financial order, and at the same time, their so-called "overseas listing" "daily appreciation" "They are all fabrications, deliberately defrauding the victim of money, and the purpose of illegal possession is obvious. The procuratorate approved the arrest of Zhou Xing and others on suspicion of illegally absorbing public deposits and fund-raising fraud.

Because Zhou Xing and others cleared the data of all devices before escaping, the public security organs were unable to obtain evidence for a time. The procuratorial organ and the public security organ held a discussion meeting, and together with the auditors, they studied and judged the scope of the audit. They believed that the amount involved in this case should be audited based on the public accounts of several companies actually controlled by Zhou Xing and others, and guided and coordinated the auditors to retrieve the accounts. Lianshui re-audited and finally increased the amount involved in the case to more than 310 million yuan, successfully fixing the evidence.

Differentiated treatment to defeat them one by one and help the victims recover the stolen goods and recover losses

From May to August 2020, 8 principal criminals were arrested successively, but they still took chances and desperately denied it. Prosecutor Wang Sheng used individual strategies and differentiated handling. He analyzed and judged the eight persons involved one by one, starting with the company's legal representative Du Wenhui, and focused on explaining the law and reasoning to him, prompting him to take the initiative to plead guilty and accept punishment. Subsequently, several principal criminals confessed their crimes one after another. Prosecutor Wang Sheng comprehensively grasped various sentencing circumstances and accurately made sentencing recommendations.

After explaining the law and reasoning, Du Wenhui took the initiative to return the stolen money. Prosecutor Wang Sheng learned through interrogation that Fei Tao had used stolen money to purchase a Mercedes-Benz Maybach, and asked the public security organs to seize the vehicle in a timely manner based on this clue to maximize the recovery of the victim's losses. In addition to the eight main culprits, prosecutors have also pursued prosecution of 24 staff members of the Dujuan Group's marketing department across the country. Currently, 5 prosecution letters have been issued, and 1 person has been brought to justice.

During the trial of this case, the prosecutor invited seven victims’ representatives to appear in court, setting the precedent for victims to appear in court in fund-raising cases by the Qingpu District Procuratorate. At the trial site, the prosecutor presented a large number of videos, photos and other evidence of Zhou Xing and others’ lectures, and the trial lasted until late at night for two consecutive days, fully revealing the nature of the defendant’s fund-raising fraud and illegal absorption of public deposits.

Prosecutor Wang Sheng received a message from the victim for this.Banner, he said: "As a prosecutor, it is my duty and mission to uphold fairness and justice and crack down on crime severely. 'Justice for the people' is not an empty phrase. From now on, I will do my best to recover the victims' stolen goods and restore their losses, and to serve the public." Popularize the law and do practical things for the people!"

In July 2021, this case was selected as one of the "Shanghai Law Firms" for its successful handling and effective prevention and resolution of financial risks. The procuratorial organs implement the 'Procuratorial Recommendation No. 3' on outstanding cases (cases)."

(The names of the persons involved in the case are pseudonyms in the article)

Prosecutor’s statement

Behind every fund-raising fraud case is a real tragedy of losing everything and losing everything. The public, especially middle-aged and elderly people, must not be blinded by interests and must not believe that pie will fall in the world.

❻ What kind of pyramid scheme case was cracked by the Xi'an police?

The Xi'an police cracked a "blockchain" pyramid scheme case.

In response to this, the Xi'an Municipal Public Security Bureau established a task force on April 5, led by the Economic Investigation Detachment, together with the Public Security High-tech Branch and other departments, through linkage, multi-police cooperation, and regional Collaboration and concentrated attack. After 9 days and nights of meticulous investigation and continuous operations in the early stage, we basically grasped the fact that the criminal suspect Zheng organized 9 people including network platform administrators Zhang and Li, and marketing vice president Gou to carry out illegal and criminal activities in order to obtain illegal benefits.

According to investigations, Zheng and others started preparations in October 2017. On March 28 this year, they applied the latest "blockchain" concept to confuse the public and sold it at a price of 3 yuan per coin. The "Consumption Era" (DBTC) online platform sells virtual currencies and controls the price increase of virtual currencies by itself.

Disguised pyramid schemes are harmful to people!

❼ What is a blockchain link and is it legal?

Blockchain technology originated from Bitcoin and is the underlying supporting technology of Bitcoin. Blockchain is a technology that allows transactions to break through the traditional trust transaction model and centralized architecture to achieve transaction security in non-security environments. Legal basis: "Notice on Further Preventing and Dealing with Speculation Risks in Virtual Currency Transactions" 1. Clarify the essential attributes of virtual currencies and related business activities (2) Virtual currency-related business activities are illegal financial activities. Carry out legal currency and virtual currency exchange business, exchange business between virtual currencies, act as a central counterparty to buy and sell virtual currencies, provide information intermediary and pricing services for virtual currency transactions, token issuance financing, virtual currency derivatives transactions and other virtual currency related Business activities suspected of illegal sales of tokens, unauthorized public issuance of securities, illegal futures business, illegal fund-raising and other illegal financial activities are strictly prohibited and will be resolutely banned in accordance with the law. Those who carry out relevant illegal financial activities that constitute a crime will be investigated for criminal liability in accordance with the law.

❽ Are blockchain exchanges legal?

Currently, the Chinese government has not recognized the legal status of digital currencies. In September 2017, the central bank, the China Banking Regulatory Commission and other official departments issued documents , prohibiting the trading and circulation of digital currencies (tokens, virtual currencies) in China. Therefore, the so-called "digital currencies" represented by Bitcoin are illegal and must not be invested in. Blockchain technology is only a scientific method. If someone uses the blockchain to conduct illegal fund-raising and other illegal and criminal activities, they will definitely be punished by law. Judging from the current situation, investment projects under the banner of "blockchain" are almost all in a gray area, often suspected of fraud, illegal fund-raising and other illegal and criminal activities. We must be vigilant and not be fooled by the rhetoric of unscrupulous companies and personnel.

❾ Central media exposed 11 suspected MLM projects that use blockchain to issue coins

At the beginning of the new year, the voice of blessing is still in my ears. People's Daily Online, Tencent News and WeChat Security , Jiaozhen Platform and other authoritative content media released a list of projects involving pyramid schemes in 2018.

The reporter noticed that among the 78 projects involving pyramid schemes that were exposed, there were actually 11 projects that used the blockchain to carry out pyramid schemes and issue coins.

The losses caused by pyramid schemes under the guise of blockchain are far greater than ordinary crimes. Huge amounts of wealth are transferred through invisible hands, which is the biggest worm in the blockchain era.

On November 24, 2018, Sebastian Greenwood, the once all-powerful OneCoin principal criminal who had been at large for a long time, was successfully captured by the FBI and the Thai Crime Collection Bureau. Extradited to the United States for trial.

Bastian Greenwood is the main culprit of One Coin, a global Ponzi scheme. It is reported that OneCoin will set up a "One Awards" bonus system to reward participating members. These members often participate in projects initiated by this organization, and the so-called projects will raise funds for its global foundation.

But someone soon revealed: “OneCoin used publicity and overseas activities to pretend to be very ‘high-class’, and then through high rates of return and wooing acquaintances, it actually formed a huge MLM system."

In May 2018, domestic regulatory agencies discovered that there were approximately US$7.2 million in funds related to the OneCoin Ponzi scheme.

Virtual currency scams have been around for a long time. Some MLM methods are not clever, but they are harmful to people.

From April 2, 2016 to June 22, 2016, Ms. Li, a Zhongshan woman, was introduced to a man named Xu Moubin by her neighbor Ajun (pseudonym). During this period, Xu Moubin and Ajun repeatedly promoted virtual "mark coins" to her, and offered dividends and appreciation as temptations. She believed them and eventually purchased about 9 coins in total.600,000 yuan in "mark coins". It was not until February 2017, when the "Mark Coin" website was closed, that she discovered that she had been deceived.

Among the many MLM coin cases, the most “classic” case is the famous “Five Elements Coin” with a value of over 10 billion.

As early as 2013, the State Administration for Industry and Commerce listed Zhang Jian’s “Cloud Digital Trade Alliance” as a pyramid scheme; in October 2014, Zhang Jian was arrested; in December 2016, Zhang Jian Soon after he was released from prison, he launched the Five Elements Coin MLM project. It is reported that the Five Elements Coin project also has Zhang Jian’s profile picture, but Zhang Jian is actually just a junior high school student whose real name is Song Miqiu. In June 2017, Zhang Jian was arrested and returned to China from Indonesia. This absurd farce ended and the legendary Zhang Jian finally fell from the altar.

According to the reporter's understanding, among the 11 MLM coin projects this time, there is also a "real and fake Monkey King" plot. The MLM organization used Stellar Lumens, which ranks sixth in the world's market value, to issue its own " Stellar Lumens", investors fell into the trap if they were not careful.

Tell me another story about Dogecoin.

In 2017, Dogecoin was listed by CCTV as one of the 350 MLM organizations. However, under the control of desire, it cannot stop the strong rise of Dogecoin.

Dogecoin, a cute emoticon dog head, is called Dogecoin in English and code-named DOGE. It was born in December 2013. Co-founder Jackson Palmer said that he did it as a joke at first, just to mock Bitcoin. Later, with the help of reddit (an American social news site), within two weeks, the Dogecoin project website immediately became popular.

It can be said that the birth of Dogecoin has a lot to do with American Internet culture. On the American Tieba reddit, the doge emoticon is as popular as the three domestic emoticon giants, which means it is equivalent to the domestic tycoon.

The founder said that Dogecoin is not like Bitcoin. People do not participate in it for speculation, but to express emotions of sharing and concern. This also means that at the beginning, the spread of dogecoin relied on sharing between people.

Messari’s OnChainFX data shows that Dogecoin had more average daily active addresses in December 2018 than in December 2017, making Dogecoin the third most active address after Bitcoin and Ethereum. Cryptocurrency with the most active addresses.

Currently, Dogecoin is second only to Bitcoin and Ethereum in terms of daily active addresses, reaching 72,955 in a day. Bitcoin currently has 536,738 valid addresses, Ethereum has 235,004, and Tron has only 21,255. dogThe popularity of the currency is evident.

According to real-time data from the cryptocurrency tracking website Coinmarketcap, the price of Dogecoin today is hovering around $0.0023, and its market value has dropped to $268 million from the highest of $1.7 billion on January 9, 2018. . Like most other currencies, it fell by more than 80% in one year.

However, Dogecoin’s market value still ranks 24th in the global market value rankings. Compared with more than 2,000 cryptocurrencies, it still looks down upon all living beings.

Today, Bitcoin has been rectified under the light of blockchain, and few people have mentioned its ancient past that was single-handedly promoted by the dark web. But it is undeniable that there are still a large number of MLM coins that use the name of blockchain to conduct pyramid schemes.

While the blockchain carries the technical ideals of geeks, it is also being benefited by those who are interested.

At present, in the early stages of the development of blockchain technology, a strange circle has gradually formed in which idealists and deceivers coexist, and speculators drive out pragmatists. As the cold winter in the currency circle comes, projects collapse one after another, and bad coins drive out good coins.

There is a joke about a blockchain person chatting with an MLM person, and the MLM person was shocked: "What you are doing is illegal."

In fact, MLM people are thinking about one question all the time, that is, how to make it legal. Can I cheat openly and openly after obtaining a direct selling license? It turns out it can't.

After the Tianjin Quanjian incident broke out, on January 1 this year, Quanjian Natural Medicine Technology Development Co., Ltd. was placed under investigation on suspicion of organizing and leading pyramid schemes and false advertising. Then, as everyone was eagerly waiting, news came out on January 7 that 18 suspects including Quanjian’s boss Shu Yuhui had been detained.

The great transfer of social wealth is often accompanied by technological revolution, which is more dependent on material attributes than virtual attributes.

It is understandable that capital will use any means to pursue interests. Because this is the property of capital. At the same time, technology has no values. Whoever masters the technology will benefit from it.

In the past, MLM organizations tried to achieve freedom of wealth by pulling people’s heads without mastering capital or technology. Nowadays, MLM organizations have found a new way to "get rich" and effectively avoid legal supervision, which is to issue MLM coins under the guise of blockchain.

Seeing is worth hearing a hundred times. 24/7 digital currency transactions throughout the year, unknown currencies that multiply a thousand times a day, and the myth of wealth creation with one coin per villa. While blockchain is on fire, digital currencies are also on fire.

"Blockchain is not a bubble, Bitcoin is." Jack Ma has promoted his views in public more than once. Unfortunately, in the eyes of most investors, blockchain is digital currency, and digital currency is blockchain.

The reporter learned that some MLM projects that use blockchain to issue coins will move outside the government's strong support for the blockchain industry, but avoid talking about relevant digital currency supervision.

“Many MLM coins only borrow the name of blockchain and do not use any blockchain technology. They are still different from the famous air coins in the currency circle. At least they are actually using it. Blockchain technology." said one investor.

"It's tragic enough that talent is not enough to support ambition. What's even worse is that the whole body is full of ambition, but the IQ is squeezed into hell." The family members were fascinated by the "stellar currency" and lost all their money. At that time, a netizen’s message was thought-provoking.

The Asia-European currency fraud involved 4 billion yuan, and more than 70,000 people were deceived; the GCB glory currency involved hundreds of millions of yuan, and it has hundreds of thousands of registered members; the EGD network gold involved 10.9 billion yuan, and the registered members As many as 500,000 people; Wanfu Coin involved a case amount of 2 billion yuan, with 130,000 registered members; Darkcoin involved a case amount of 1.5 billion yuan, with more than 30,000 registered members; OneCoin involved a case amount of 600 million yuan, with 1.8 million registered members; The amount involved in the Laihui Coin case is 500 million yuan, with 200,000 registered members...

According to the reporter’s understanding, the number of MLM coins currently on the market is far more than the number listed this time.

Comparing the overall MLM cases in my country, the China Judgment Document Network shows that from 2002 to 2018, the total number of MLM cases in my country was 14,658, including 1,869 in 2014, 1,417 in 2015, and 1,417 in 2016. There were 3,085 cases in 2017, 3,313 cases in 2017, and 3,612 cases in 2018. The overall growth trend is much smaller than that of virtual currency pyramid schemes.

Based on the 166 cases of virtual currency pyramid schemes in 2018, in just a few years, virtual currency pyramid schemes have accounted for 5% of my country’s overall pyramid schemes (166/3612). This does not include the numerous ICO (Initial Coin Offering) MLM projects that are registered overseas and cannot be dismissed domestically for the time being.

The essence of MLM coins is actually not much different from traditional MLM. The methods of attracting people, developing offline, and issuing physical objects as collateral are already bad. But in the face of such familiar routines, investment Still unable to resist.

Under poverty and economic weakness, greed and hunger that have nowhere to go have become the biggest breeding ground for MLM coins. What about MLM coins? In front of desire, there is no need for IQ.

In this market, faced with endless temptations, most people are unable to distinguish whether this is an investment with huge profits or a scam that loses all their money.Under the temptation of greed, MLM has jumped on the blockchain train.

But please remember: pyramid schemes have been like tigers and wolves since ancient times, and a dream will eventually turn into a nightmare.