If someone tells you, it is possible to make more than 86 million in 18 days, it is NOT a legendary myth. These days many people will blindly invest in any ponzi schemes with the word “blockchain”.
“Blockchain” concept MLM, accumulated more than 86 million in 18 days
April this year, China, Xi’an annihilated the nation’s first “blockchain” pyramid scheme. In merely 18 days, the scammers recruited more than 13,000 members, scammed more than 86 million yuan. To look more credible, they even spent RMB30,000 to hired a caucasian and projected themselves as a “high-tech multinational enterprise with a foreign investment background”.
While you are still fantasizing about earning your pot of gold from the blockchain industry, the scammers had already ran off with your investment.
The most concerning part about this blockchain craze is that people do not understand what blockchain is, but they are so afraid of being left behind by society that they are blindly following the trend.
Blockchain becomes the new, get rich quick scheme, and the total amount of fraud in this industry exceeds RMB300 million.
In Shenzhen there was an illegal fund-raising scam as well. In March this year, the Nanshan Economic Investigation Force cracked a huge fund-raising scam, with thousands of investors defrauded of RMB307 million.
According to the Economic Information Daily, there are more than 3,000 MLM platforms using the blockchain concept for scams.
Exactly how popular is blockchain?
There is a news saying an engineer wrote that he is an engineer on his online dating profile, and no one clicks on his profile. Later, he renamed himself as a blockchain engineer and immediately he received more than 360 love letters. How crazy is that!
*Enjoy what you read here? Join us on telegram for more >>> https://t.me/Coins300_official
You might also like
More from News
Malaysia’s Pakatan Harapan is already fundraising Harapan Coin? What does Former prime minister Najib Abdul Razak comment about it?
A paperwork and presentation on the Harapan Coin which utilises cryptocurrency and blockchain technology has been prepared and will soon …
Infinity Blockchain Labs (IBL) collaborative partners Fruitchain, Infinito, and GINAR, traveled to Selangor, Malaysia to attend TECHNOMART Blockchain: Adding Value through Blockchain that happened on …