#Suqian busts cryptocurrency pyramid scheme case#
Hot Topic Overview
Overview
The Suqian Court recently disclosed a case of online pyramid scheme disguised as a virtual currency investment project. The criminal suspects created the "ACORNS" online platform, issued virtual currencies such as "ACO", and advertised that they could participate in financial management and obtain high returns, luring members to pay 100 USDT for financial management. The platform has effectively charged over 3,000 members, with a total of 33 levels, and has accumulated nearly 3.16 million USDT. The court sentenced the defendants to imprisonment ranging from five years and three months to three years for organizing and leading pyramid schemes, and fined them between 170,000 yuan and 100,000 yuan. This case once again reminds people to be wary of the risks of virtual currency investment and avoid falling into pyramid schemes.
Ace Hot Topic Analysis
Analysis
The Suqian Court recently disclosed a network pyramid scheme case disguised as a virtual currency investment management project. The criminal suspects created the "ACORNS" online platform, issued virtual currencies such as "ACO", and promoted their participation in financial management for high returns, enticing members to pay 100 USDT for investment and obtain static returns. By the time the case was uncovered, the platform had over 3,000 active members with 33 levels, accumulating nearly 3.16 million USDT in funds. The Suqian Court found that the case met the characteristics of organizing and leading pyramid schemes and sentenced 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 to the public to be wary of virtual currency investment projects that lure with high returns, avoid falling into pyramid scheme traps, and protect their own property safety.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Virtual currency financial management projects may become tools for online pyramid schemes.
The promise of high returns is a bait.
There may be fraudulent activities in reality.
You should be cautious when participating in virtual currency financial management projects and avoid falling into pyramid schemes.
The law severely cracks down on pyramid schemes in the name of virtual currencies.