“Cryptocurrency Trade Counsellor” Fleeced Investors for over ¥72 Million in China

Jul 30, 2019

A scammer successfully made more than  ¥72 million by providing consulting service for cryptocurrency investors.as he claims himself a “cryptocurrency trade counsellor”. The scammer named “AK”, a Weibo (Twitter-like media) celebrity who built a Wechat group to provide consulting serv...

uTorrent Super Community, a Crypto Ponzi Scheme Went Bust, While BitTorrent’s CEO Justin Sun Kept Silent

Jul 4, 2019

“TRX·μTorrent Super Community”, a Ponzi scheme went bust in China, victims lost at least 200 million CNY, one family even killed themselves as they borrowed heavily to take part in the scheme. Founded in Jan.2019, " uTorrent Super Community " claimed itself as a TRON Super ...

EGD scam cracked down in China 10.9 billion yuan involved

Jan 10, 2017

People’s Daily, the most circulated newspaper in China, published a story on cracking down a virtual currency pyramid scheme under the name of EGD, which involved over 500 thousand members and 10.9 billion RMB. Another EGD clone named “Wanfubi”  was also cracked down with 120,000 r...