Economic Observer: Recently, multiple illegal projects have used concepts such as "stablecoin mining" to engage in illegal fundraising and rebate activities

According to BlockBeats, on August 6th, the Economic Observer released a survey on the chaos of virtual asset investment with an annualized return rate of up to 540%. The survey found that there are currently active virtual asset investment platforms in the market with keywords such as decentralization, blockchain, and virtual assets, which package projects using terms such as blockchain technology, smart contracts, DeFi, and Defai (DeFi+AI). Many illegal projects are packaged with concepts such as "DeFi decentralized finance," "DApp wealth management," and "stablecoin mining," but in essence, they are still fundraising and rebate activities, only using technical shells to conceal risks. From a legal perspective, investors need to be responsible for their own civil legal actions, carefully identify and participate in virtual asset investment projects, be wary of illegal activities under the guise of virtual assets, and not hold a lucky mentality.