According to ChainCatcher, citing a report from Yicai, the billion-yuan Ponzi scheme "Xinkangxia", which claimed a daily interest rate of 2%, has collapsed, drawing widespread social attention and vigilance towards new types of online fraud. Regulators have been intensively "whistleblowing".
According to incomplete statistics, since July, financial regulatory departments in multiple regions including Guangdong, Yunnan, Hunan, Liaoning, Heilongjiang, Zhejiang, and Fujian have been intensively warning about illegal fundraising risks and new types of online fraud under the guise of "virtual currencies".




