**Blockchain industry is in turmoil again: 7 defendants sentenced for virtual currency pyramid selling activities**

Hello everyone! Today we are going to talk about the latest developments in the blockchain industry. According to a report by Yunnan Legal Daily, in February this year, 7 defendants jointly planned to build a network platform called "3M Platform" specifically for virtual currency investment. Does it sound very high-end? But it is not the case.

### The birth of "3M Platform"

The 7 defendants contacted a Sichuan company, and the technicians developed the "3M Platform" and issued the token "Mavro Coin". They claimed that they could make high profits by investing in this virtual currency, thereby luring investors to join. After the platform was built, they not only actively promoted it online, but also developed offline downlines, forming a huge pyramid selling network.

### The expansion of the pyramid selling network

It has been identified that the number of downline levels of users has reached 3 or more (including 3 levels), and there are 375 users with a total of more than 30 downlines. In this way, the 7 defendants made profits ranging from 4,300 yuan to 20,000 yuan. It seems that they have made a lot of money, but the risks and legal responsibilities behind it are not small.

### The court's verdict

After trial, the Xichou County People's Court held that the seven defendants used the "3M platform" to issue virtual currency, used high profits as bait, and organized and led pyramid selling activities. According to their roles in the crime, development level, confession and punishment, return of stolen money and other sentencing circumstances, they were sentenced to fixed-term imprisonment of two years and six months to one year and six months, suspended sentences, and fines.

### Neutral point of view

From this case, we can see that although blockchain and virtual currency are products of modern technology, there are also many risks. When investors participate in such projects, they must be vigilant to avoid falling into pyramid selling traps. At the same time, regulatory authorities also need to strengthen monitoring of such activities to protect the legitimate rights and interests of investors.

### Welcome to interact

Friends, what do you think of this case? Have you ever encountered similar investment traps? Welcome to share your experiences and insights in the comment area! 😊

I hope everyone will stay rational when investing and not be fooled by high profits. The future of blockchain and virtual currency is full of possibilities, but we also need to work together to maintain a healthy market environment.Looking forward to your wonderful comments!