Be wary of "virtual currency" scams (financial staff)

  Recently, the Banking Insurance Regulatory Commission and other five departments issued a notice saying that some criminals, under the banner of "financial innovation" and "blockchain", absorbed funds through the issuance of so-called "virtual currency", "virtual assets" and "digital assets", infringing the public Legal rights. This type of activity is not really based on blockchain technology, but is the practice of speculating on the concept of blockchain to illegally raise funds, pyramid schemes, and fraud. It mainly has the following characteristics:

  First, the network and cross-border are obvious. Relying on the Internet and chat tools for transactions, and using online payment tools to receive and disburse funds, the risk spread is wide and the spread is fast. Some lawbreakers have rented overseas servers to build websites to implement illegal activities for domestic residents. Some individuals claim in the chat tool group that they have obtained investment quotas for overseas high-quality blockchain projects, which can be substituted for investment, most likely fraudulent activities. The funds defrauded by these illegal activities mostly flow overseas, making supervision and tracking difficult.

  The second is deceptive, seductive and concealed. Using hotspot concepts for hype, some also use celebrity "platform" propaganda, with the temptation of airdropping "candy" and so on, claiming that "the currency value only rises and does not fall" "short investment period, high return and low risk", which is more confusing. . In actual operation, criminals illegally make huge profits by manipulating the so-called virtual currency price trend, setting profits and withdrawing thresholds. In addition, some lawbreakers also issued virtual currencies under various names of various refurbishments, or carried out virtual currency hype under the banner of the sharing economy, which had strong concealment and deception.

  For example, the international financial market has been volatile recently, and some platforms have begun to hype the concept of "virtual currency is a safe-haven asset that surpasses gold and silver", but the actual situation is that their prices have fallen sharply and consumers have suffered heavy losses. Not only that, these platforms also create the illusion of "prosperity" in the virtual currency trading market through actions such as robot program brushing and data tampering. After inducing consumers to enter the market, the platform will use various market manipulation methods to encroach on consumer property.

  The third is the existence of multiple illegal risks. Through publicity, the criminals lured the public to invest funds with "static gains" (credit gains and profits) and "dynamic gains" (development off-line profits), and lured investors to join in, continuously expanding the fund pool , With illegal fund-raising, pyramid schemes, fraud and other illegal behavior characteristics.

  Five departments, including the China Banking Regulatory Commission and the China Insurance Regulatory Commission, remind consumers that such activities use "financial innovation" as a gimmick. The essence is a Ponzi scheme that "borrows the old from the old", and it is difficult to maintain the funds for a long time. The general public should view the blockchain rationally, do n’t blindly believe in the promise of smallpox, and should establish a correct investment philosophy and effectively raise risk awareness; you can actively report to the relevant departments on the clues of illegal crimes found.