PANews reported on October 19 that according to Tianwangcha, recently, residents of San Pedro, Buenos Aires Province, Argentina, have been deeply trapped in the shadow of virtual currency trading fraud. About one-third of the residents (about 20,000 people) were attracted by the high return promises of virtual currency platforms and invested a lot of money. The virtual currency platform claims to pay 1% to 2% of US dollar returns every day, which greatly stimulated the investment enthusiasm of local residents. Many people invested their savings in it, and even sold their cars or took out loans to increase their investments. However, this investment method that promises extremely high returns usually hides huge risks. The platform announced on October 9 that it would suspend the withdrawal service for 14 days, claiming that this move was to cooperate with the local government's investigation.