#Suqian cracks down on virtual currency pyramid scheme#
Hot Topic Overview
Overview
Suqian Court recently disclosed a network pyramid scheme case disguised as a virtual currency investment project. The suspects created the "ACORNS" online platform, issued virtual currencies such as "ACO," and lured members with high returns, requiring them to pay 100 USDT for investment. By the time the case broke, the platform had over 3,000 active members with a total of nearly 3.16 million USDT raised. The court ultimately sentenced the defendants to prison terms ranging from five years and three months to three years for organizing and leading pyramid scheme activities, and imposed fines ranging from 170,000 to 100,000 yuan. This case serves as another warning to people to be cautious when investing in virtual currency projects, to be wary of the trap of high returns, and to avoid falling victim to pyramid scheme scams.
Ace Hot Topic Analysis
Analysis
Suqian Court recently disclosed a case of online pyramid schemes disguised as virtual currency investment projects. The criminal suspects created a network platform called "ACORNS" and issued virtual currencies such as "ACO", claiming that participants could engage in financial management and receive high returns. They lured members to invest 100 USDT in financial management and promised static profits. The platform had over 3,000 active members, with a total of 33 levels, and accumulated nearly 3.16 million USDT. The court ultimately ruled that the behavior constituted the crime of organizing and leading pyramid schemes, sentencing the defendants to prison terms ranging from five years and three months to three years, and fines ranging from 170,000 yuan to 100,000 yuan. This case serves as a reminder for people to be cautious when investing in virtual currency financial projects, not to be seduced by claims of high returns, and to be wary of pyramid schemes that primarily rely on recruitment and development of downlines for profit.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Virtual currency investment projects may become tools for online pyramid schemes.
High-return promotions are bait, but there may be no actual business projects.
Pyramid schemes recruit funds through a hierarchical development model.
Participating in virtual currency investment projects requires caution to avoid falling into pyramid schemes.