Home / Bitcoin Scams / Chinese Police Bust $47 Million Purported Blockchain Pyramid Scheme

Chinese Police Bust $47 Million Purported Blockchain Pyramid Scheme

Chinese law enforcement has dismantled an RMB300 million pyramid scheme purporting to be blockchain project in yet another crackdown on faux crypto-based fraud. A gang of over ten suspects involved in the pyramid scheme has been arrested by police in Jinan, the capital city of the Shangdong province in eastern China according to a China

The post Chinese Police Bust $47 Million Purported Blockchain Pyramid Scheme appeared first on CCN

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