A friend in the circle of friends knew a senior executive who was rumored to be Huobi. He entrusted the senior executive to buy a mining machine, but was cheated of 1.5 million yuan. His friend was also cheated of 2 million yuan. Fortunately, the money was transferred through RMB. Since 21 years ago, the money has not been recovered, and he pushed it to his classmate's Beijing law firm. After understanding the case, he thought it could be characterized as fraud and went through criminal proceedings. Now this friend is making payments through stablecoins. Although they have signed a contract, it is only a contract with the company. The other party's company is registered and the amount is not large, totaling over 300000 yuan. This may be more of a case of admitting losses. No wonder there are many people who specialize in the cryptocurrency industry.