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Due to the COVID-19 pandemic, the annual "3.15" party, which has attracted great attention from the society, finally arrived on July 16, 2020.
Because blockchain and virtual currency are at the forefront of finance and have strong speculative properties, in recent years, there have been frequent cases of infringement of investors' financial rights and interests under the guise of "blockchain" and "virtual currency".
Today, let’s take a look at the chaos in the cryptocurrency world.
Central media investigation: Binance is suspected of illegal operation for not withdrawing from the mainland
In June 2020, financial reporters from the central media China National Radio found through investigation that Binance, which had previously promised to withdraw from the Chinese market, was still providing digital currency trading services to users in mainland China, violating the regulations of seven central ministries on September 4, 2017 and suspected of illegal operation.
After analyzing the traffic of Binance’s official website, which is pinned on Binance’s official Weibo account, China National Radio found that the traffic from Chinese IP addresses accounted for as much as 79.25%, and the main source of traffic was mainland users.
Binance had previously announced that it would no longer provide services to users in mainland China. An investigation by China National Radio found that after completing relevant certifications, mainland users can still conduct transactions on the Binance platform. After a simple registration on Binance, they can choose to trade USDT, BTC and other types of currencies under the fiat currency trading column. It supports third-party payment tools and bank card payments.
The "September 4th Document" issued by the People's Bank of China and seven other ministries on September 4, 2017 clearly stipulates that no token financing trading platform shall engage in the exchange business between legal currency and tokens or "virtual currency", shall not buy or sell tokens or "virtual currency" or act as a central counterparty to buy or sell tokens or "virtual currency", and shall not provide pricing, information intermediary and other services for tokens or "virtual currency".
On August 24, 2018, the China Banking and Insurance Regulatory Commission, the Cyberspace Administration of China, the Ministry of Public Security, the People's Bank of China, and the State Administration for Market Regulation once again issued the "Risk Warning on Preventing Illegal Fundraising in the Name of "Virtual Currency" and "Blockchain", which clearly mentioned that some criminals are issuing tokens under the names of ICO, IFO, IEO and other new names, which poses major risks.
Counterfeit money is rampant
Compared with paper money, what are the technological advantages of blockchain-based digital currency? "Payment is fast and convenient." "You won't encounter counterfeit money." Many people will answer without hesitation.
Is this really the case?
In fact, there are many counterfeit coins in the currency circle.
The latest news related to this happened on July 5. On that day, DeFi data platform DeFiprime exposed more than a dozen DeFi-related "fake coins" on Twitter.
In general, counterfeit currency in the cryptocurrency circle can be divided into the following types.
The first type is the currency issued in the name of well-known projects.
For example, in the DeFi industry, well-known projects such as dYdX and Uniswap have not issued any coins, but scammers have issued so-called dYdX coins and Uniswap coins in the name of these projects to induce uninformed people to buy them.
The second type is coins with the same name as well-known coins. They are very deceptive and can easily deceive players.
Last month, the DeFi project Balancer issued a warning on Twitter that fake Balancer tokens BAL appeared on Uniswap. At that time, the real currency BAL had not yet been issued.
Pig Killing
In the past, the most common form of pig-killing scams was to come up with some so-called unprecedented concepts, then hold offline conferences, find big names in the circle to support them, and finally enter the market to reap the profits in one fell swoop. In the first half of the year, perhaps due to the epidemic, pig-killing scams appeared more in online forms.
A typical method is to purchase real-name user information from dating websites to play the emotional card.
This type of pig-killing scam is an organized and premeditated crime. The scammers purchase other people’s real-name information on various dating websites, disguise their own identities, and guide the opposite sex into digital currency trading apps in the name of dating. In the end, the victims are harmed both emotionally and financially. Currently, most of the victims are older women. Most of these apps are beta versions developed by themselves, and they disappear immediately after defrauding the money. The main exposed platforms include ABS Group, IMF, Morgan Stanley, etc.
These new ways of killing pigs are formed by combining traditional methods with the investment situation in the cryptocurrency circle. We have seen this type of fraud in the past, such as recommendations from people around us, online dating scams, and telephone scams. However, after adding the names of blockchain and digital currency, some people will indeed fall for it, so we still need to be cautious. (Golden Finance) |
