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China Crypto Ban: Pyramid Scheme with over 100,000 members CAUGHT!

source-logo  coingape.com 18 November 2021 12:45, UTC

Chinese authorities are determined to clean crypto off the face of China, and its latest crackdown proves that they are getting closer to their aim. Today, the Xuzhou police unveiled their success in cracking down one of the biggest cryptocurrency pyramid schemes in China, which involved 110,000 members nationwide. Furthermore, the authorities seized approximately 1 billion yuan in stolen funds and a large number of digital currencies from the project, including BTC, ETH, USDT, and more.

coingape.com