Hubei Shiyan issued a warning on the risk of virtual currency pyramid schemes

The Market Supervision Bureau of Shiyan City, Hubei Province has recently received a number of complaints and reports involving virtual currency projects such as "Youke Chuang", "Shiyihui" and "Ronghui Capital". Preliminary investigations show that these projects claim to be profitable for investing in cryptocurrencies, but in fact they use overseas speculation and fission to develop members. In addition to documentary investment, members also need to invite new people to participate in order to profit. They are suspected of using pyramid schemes to carry out illegal financial activities, which is risky. The Shiyan Market Supervision Bureau has issued risk warnings in accordance with relevant regulations to remind the public to be vigilant against such virtual currency pyramid schemes.