A local press has reported that the Police in Chinaâ€™s north-western city of Xiâ€™An has successfully arrested the founders of a claimed nationwide cryptocurrency pyramid scheme. The arrested founder was reported to have allegedly gathered approximately $13 million from 13,000 victims. The scheme claimed the new members could make $13,000 per day with an initial investment of $480,000.
$13 Million Blockchain Pyramid Scheme Busted In ChinaIncryptsApr 18, 20180
Feb 18, 2020