Kaifu and virtual currency

1.

As of November 1, 2018, Yiwu fuka Network Technology Co., Ltd. has not been recognized as MLM, but the "fucoin" launched by Yiwu fuka Network Technology Co., Ltd. is a virtual currency, and the central bank has repeatedly issued warnings on the risk of virtual currency. Shenzhen Luohu District Court also heard a case of pyramid selling and illegal fund-raising of Fuyuan. The following is news: in August 20th

2018, the official account of WeChat public of Shenzhen people's Procuratorate issued the book on rights and obligations of Weng Tao and others suspected of fund-raising fraud. The reporter learned from the notification that the suspect, Weng Tao and others, issued the virtual currency "brilliant currency" to the public through the Shenzhen luster Investment Holdings Group Limited, and developed a brilliant currency member nationwide through the pyramid scheme. p> Later, Weng Tao and others acquired Forster Holding Co., Ltd., which issued "Fuyuan", merged the original "Guangcai coin" and "Fuyuan" virtual currencies and its members, and introced "Kaifu K" points to the society. Later, they used the raised funds to acquire part of the equity of Hebei panbao zeolite mine, and continued to raise funds illegally by exchanging the points for the equity of feikuang mine, After that, they can't cash the investment funds of investors on time, causing huge losses to investors

e to the large number of victims in the case, according to the relevant provisions of the criminal procere law of the people's Republic of China, some victims still can not be served after being contacted by the Shenzhen People's Procuratorate, so the procuratorate decided to inform the victims of the right to entrust a litigation agent and the rights they enjoy in the stage of examination and prosecution by way of announcement

< H2 > extended information:

on August 24, 2018, the website of CIRC issued a risk reminder to remind the public to guard against illegal fund-raising in the name of "virtual currency" and "blockchain"

the original text is as follows:

tips on preventing the risk of illegal fund-raising in the name of "virtual currency" and "blockchain"

tips from the China Banking and Insurance Regulatory Commission, the central network information office, the Ministry of public security, the people's Bank of China, and the General Administration of market supervision:

recently, some illegal elements have been under the banner of "financial innovation" and "blockchain", By issuing so-called "virtual currency", "virtual assets" and "digital assets" to absorb funds, the legitimate rights and interests of the public are infringed. This kind of activity is not really based on blockchain technology, but hypes the concept of blockchain, illegal fund-raising, pyramid selling and fraud. It mainly has the following characteristics:

1. Obvious networking and cross-border. Relying on the Internet and chat tools for transactions, and using online payment tools to balance funds, the risks spread widely and spread quickly. Some lawless elements set up websites by renting overseas servers to carry out activities for domestic residents and control illegal activities remotely

some indivials claim that they have obtained the investment quota of overseas high-quality blockchain projects in the chat tool group and can invest on their behalf, which is most likely fraud. Most of these illegal funds flow overseas, which makes it very difficult to supervise and trace

Second, deception, temptation and concealment are strong. They use hot concepts to hype, fabricate various "tall and tall" theories, and some also use celebrity "big V" platforms to publicize. They use airdrop "candy" as temptation to claim that "currency value only rises but not falls", "investment cycle is short, income is high, and risk is low", which has strong bewitching

in practice, criminals illegally make huge profits by manipulating the price trend of the so-called virtual currency, setting profit and withdrawal threshold. In addition, some criminals also issue tokens under the guise of ICO, IFO, IEO, etc., or hype virtual currency in the way of IMO under the banner of sharing economy, which has strong concealment and confusion

Thirdly, there are many kinds of illegal risks. Through public publicity, criminals use "static income" (currency appreciation profit) and "dynamic income" (development offline profit) as t to attract public investment, lure investors and development personnel to join, and constantly expand the fund pool, which is characterized by illegal fund-raising, pyramid selling, fraud and other illegal behaviors

this kind of activity takes "financial innovation" as a gimmick, and its essence is the Ponzi scheme of "borrowing the new to repay the old", so it is difficult to maintain the capital operation for a long time. The general public should treat the blockchain rationally, not blindly believe the promises, establish a correct monetary concept and investment concept, and effectively improve the risk awareness; We can actively report to the relevant departments the illegal and criminal clues found