$13 Million Blockchain Pyramid Scheme Busted In China

Cryptocurreny Technology Blockchain Technology China News

A local press has reported that the Police in China’s north-western city of Xi’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.

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