According to Odaily, some individuals are exploiting the terms 'financial innovation' and 'blockchain' to illegally raise funds through the issuance of so-called 'virtual currencies,' 'virtual assets,' and 'digital assets,' thereby infringing on the legitimate rights and interests of the public. The Shanxi Provincial Office for the Disposal of Illegal Fundraising has issued a legal interpretation of such cases and cautioned financial investors that these activities are not genuinely based on blockchain technology. Instead, they are schemes that hype the blockchain concept to engage in illegal fundraising, pyramid schemes, and fraud. The office urges the public to enhance their risk awareness and remain vigilant to avoid falling victim to these scams.