Wu learned that the Office of the Financial Committee of the Hunan Provincial Party Committee disclosed a fundraising fraud case on the GBC platform. Zhou, Tong, Wu, and others commissioned Chengdu Xingyi Network Technology Co., Ltd. to design the GBC platform software computer client and mobile app. The three falsely claimed that GBC coin and Wealth coin were blockchain virtual currencies and developed offline in Jinshui District, Zhengzhou City and other places. By the time of the incident, the "GBC" platform had developed 47 layers of members, involving 59548 member accounts and a total of 3.408 billion yuan in incoming and outgoing funds. Among them, there were 40480 loss making member accounts, resulting in a loss of 629 million yuan. The main culprit profited more than 226 million yuan through fundraising fraud on the GBC platform. After investigation, it was found that the numerical symbols generated out of thin air by the GBC platform system have no economic value. The Intermediate People's Court of Zhengzhou City, after trial, found that the individuals involved were sentenced to imprisonment ranging from 15 to 13 years in accordance with the law. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=38681